Danfoss Employees Credit Union
Danfoss Employees Credit Union
LOCATIONS
1
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HEALTH RATING
C-
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CURRENT TOP RATE
0.08% APY
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Overview / Commentary
Danfoss Employees Credit Union is headquartered in Eden Prairie and is the 82nd largest credit union in the state of Minnesota. It is also the 4,214th largest credit union in the nation. It was established in 1949 and as of March of 2025, it had grown to 1 employees and 350 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.
See current membership details
Health
C-
Data as of Q1 2025
Learn why bank health mattersAdditional 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 Chartered | 1949 |
| Employees | 1 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -1% |
| Return on Equity - YTD | -8.36% |
| Annual Interest Income | $38K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $2.3MM$2.7MM |
| Loans | Q1 2025vs Q1 2024 | $2.1MM$2.2MM |
| Deposits | Q1 2025vs Q1 2024 | $1.9MM$2.3MM |
| Equity Capital | Q1 2025vs Q1 2024 | $276K$285K |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $109K$91K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $73K$74K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |