Overview / Commentary
Ed-Med Federal Credit Union is headquartered in OGDENSBURG and is the 161st largest credit union in the state of New York. It is also the 3,036th largest credit union in the nation. It was established in 1959 and as of March of 2021, it had grown to 3 employees and 2,182 members at 1 location. Ed-Med Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership is open to employees of the Boards of Education of Morristown, Ogdensburg, Lisbon, or Hammond, employees of and doctors associated with Claxton Hepburn Medical Center, St Joseph's Home, United Helpers Organization, St Lawrence County CDP,
See current membership details
Health
B+
Data as of Q1 2021
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. Ed-Med Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 13186 |
| Year Chartered | 1959 |
| Employees | 3 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.16% |
| Return on Equity - YTD | 1.67% |
| Annual Interest Income | $154.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2021vs Q1 2020 | $30.7MM$26.6MM |
| Loans | Q1 2021vs Q1 2020 | $9.5MM$8.9MM |
| Deposits | Q1 2021vs Q1 2020 | $27.8MM$23.8MM |
| Equity Capital | Q1 2021vs Q1 2020 | $2.9MM$2.8MM |
| Loan Loss Allowance | Q1 2021vs Q1 2020 | $46.00K$59.00K |
| Unbacked Noncurrent Loans | Q1 2021vs Q1 2020 | $107.00K$165.00K |
| Real Estate Owned | Q1 2021vs Q1 2020 | $0$0 |