Overview / Commentary
Electric Machinery Employees Credit Union is headquartered in MINNEAPOLIS and is the 72nd largest credit union in the state of Minnesota. It is also the 3,729th largest credit union in the nation. It was established in 1946 and as of March of 2025, it had grown to 2 employees and 876 members at 1 location. Electric Machinery Employees Credit Union's CD rates are 5X the national average, and it has a C+ 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
Health
C+
Data as of Q1 2025
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. Electric Machinery Employees Credit Union has a very low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 63988 |
| Year Chartered | 1946 |
| Employees | 2 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -1.71% |
| Return on Equity - YTD | -6.96% |
| Annual Interest Income | $95K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $8.5MM$8.8MM |
| Loans | Q1 2025vs Q1 2024 | $4.5MM$5.2MM |
| Deposits | Q1 2025vs Q1 2024 | $6.3MM$6.5MM |
| Equity Capital | Q1 2025vs Q1 2024 | $2.1MM$2.2MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $73K$22K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $98K$66K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |