Electric Machinery Employees Credit Union
Electric Machinery Employees Credit Union is headquartered in MINNEAPOLIS and is the 84th largest credit union in the state of Minnesota. It is also the 4,131st largest credit union in the nation. It was established in 1946 and as of June of 2019, it had grown to 2 employees and 1,186 members at 1 location. Electric Machinery Employees Credit Union's CD rates are 61% higher than the national average, and it has a B health rating.
Field of Membership Restrictions
Electric Machinery Employee Credit Union is open to the employees of Electric Machinery Company (Minneapolis), Bokers (Minneapolis), or Timmerman Finishing (Fridley). Membership eligibility also extends to relatives of current members.
See current membership details
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 63988 |
| Year Chartered | 1946 |
| Employees | 2 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.7% |
| Return on Equity - YTD | 2.76% |
| Annual Interest Income | $176.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $8.9MM$8.5MM |
| Loans | Q2 2019vs Q2 2018 | $5.3MM$4.8MM |
| Deposits | Q2 2019vs Q2 2018 | $6.7MM$6.4MM |
| Equity Capital | Q2 2019vs Q2 2018 | $2.2MM$2.1MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $44.00K$43.00K |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $55.00K$26.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Electric Machinery Employees Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
Electric Machinery Employees Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.50% | - | - | IRA Savings Account | |
| 0.15% | $10 | - | Passbook Savings Account |
Electric Machinery Employees Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.45% | $500 | - | 1 Year CD |
Electric Machinery Employees Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.45% | $500 | - | 1 Year IRA CD |
| Electric Machinery Employees Credit Union Locations | ||
|---|---|---|
| Branch Office | 800 CENTRAL AVE NE | MINNEAPOLIS, MN 55413-2403 |