Overview / Commentary
Edison Credit Union is headquartered in SPRINGFIELD and is the 220th largest credit union in the state of Ohio. It is also the 4,694th largest credit union in the nation. It was established in 1964 and as of September of 2019, it had grown to 2 employees and 709 members at 2 locations. Edison Credit Union's CD rates are 94% higher than the national average, but it has a C health rating.
Field of Membership Restrictions
Edison Credit Union of Ohio is open to the employees of the credit union affiliated select employee groups and the family members of current credit union members.
See current membership details
Health
C
Data as of Q3 2019
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. Edison Credit Union has a very low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 62269 |
| Year Chartered | 1964 |
| Employees | 2 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.2% |
| Return on Equity - YTD | -1.67% |
| Annual Interest Income | $135.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $3.9MM$4.3MM |
| Loans | Q3 2019vs Q3 2018 | $2.5MM$2.6MM |
| Deposits | Q3 2019vs Q3 2018 | $3.4MM$3.8MM |
| Equity Capital | Q3 2019vs Q3 2018 | $478.00K$487.00K |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $30.00K$24.00K |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $46.00K$8.00K |
| Real Estate Owned | Q3 2019vs Q3 2018 | $0$0 |