Overview / Commentary
Eight Federal Credit Union is headquartered in Rossford and is the 189th largest credit union in the state of Ohio. It is also the 4,030th largest credit union in the nation. It was established in 1970 and as of June of 2016, it had grown to 3 employees and 2,199 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 Q2 2016
Learn more about bank healthAdditional 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 | 0.33% |
| Return on Equity - YTD | 2.13% |
| Annual Interest Income | $159.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $12.1MM$11.0MM |
| Loans | Q2 2016vs Q2 2015 | $5.4MM$5.4MM |
| Deposits | Q2 2016vs Q2 2015 | $10.2MM$9.1MM |
| Equity Capital | Q2 2016vs Q2 2015 | $1.9MM$1.9MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $21.00K$17.00K |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $1,000$45.00K |
| Real Estate Owned | Q2 2016vs Q2 2015 | $0$0 |
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Eight Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | $500 | - | Savings Account |
Eight Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.05% | $500 | - | Share Draft Account |
Locations
| Eight Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 727 Lime City Rd | Rossford, OH 43460 |