Overview / Commentary
Eight Federal Credit Union is headquartered in Rossford and is the 166th largest credit union in the state of Ohio. It is also the 3,644th largest credit union in the nation. It was established in 1970 and as of December of 2019, it had grown to 3 employees and 2,468 members at 1 location. Eight Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership is open to members of Local 8 IBEW and their family.
See current membership details
Health
B+
Data as of Q4 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. Eight Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 20222 |
| Year Chartered | 1970 |
| Employees | 3 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.9% |
| Return on Equity - YTD | 5.93% |
| Annual Interest Income | $501.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $14.4MM$13.9MM |
| Loans | Q4 2019vs Q4 2018 | $7.0MM$6.6MM |
| Deposits | Q4 2019vs Q4 2018 | $12.2MM$11.8MM |
| Equity Capital | Q4 2019vs Q4 2018 | $2.2MM$2.1MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $49.00K$41.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $6.00K$31.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |