Danfoss Employees Credit Union

Danfoss Employees Credit Union


Overview / Commentary
952-937-7175
14900 Technology Drive
Eden Prairie, MN 55344

Danfoss Employees Credit Union is headquartered in Eden Prairie and is the 85th largest credit union in the state of Minnesota. It is also the 4,280th largest credit union in the nation. It was established in 1949 and as of June of 2024, it had grown to 1 employees and 338 members at 1 location. Danfoss Employees Credit Union has a C- health rating.

Field of Membership Restrictions

Danfoss Employees Credit Union of Minnesota is open to the employees of the Danfoss Company and their family members.
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Health
C-
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Danfoss Employees Credit Union has a very low asset base.

Health Grade Components

Overall
NCUA #62950
Year Chartered1949
Employees1
Primary Regulator
Profit Margin
Return on Assets - YTD1.59%
Return on Equity - YTD14.25%
Annual Interest Income$85K
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$2.7MM$3MM
LoansQ2 2024vs Q2 2023$2.2MM$2.1MM
DepositsQ2 2024vs Q2 2023$2.3MM$2.7MM
Equity CapitalQ2 2024vs Q2 2023$299K$295K
Loan Loss AllowanceQ2 2024vs Q2 2023$91K$75K
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$76K$26K
Real Estate OwnedQ2 2024vs Q2 2023$0$0
Rates
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Danfoss Employees Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.08%$500-Shares Savings
Locations


Danfoss Employees Credit Union Locations
Branch Office14900 Technology DrEden Prairie, MN 55344-2208

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