Electric Machinery Employees Credit Union


Overview / Commentary
612-378-8161
800 Central Ave
Minneapolis, MN 55413

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.
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Health
Additional 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 Chartered1946
Employees2
Primary Regulator
Profit Margin
Return on Assets - YTD0.7%
Return on Equity - YTD2.76%
Annual Interest Income$176.00K
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$8.9MM$8.5MM
LoansQ2 2019vs Q2 2018$5.3MM$4.8MM
DepositsQ2 2019vs Q2 2018$6.7MM$6.4MM
Equity CapitalQ2 2019vs Q2 2018$2.2MM$2.1MM
Loan Loss AllowanceQ2 2019vs Q2 2018$44.00K$43.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$55.00K$26.00K
Real Estate OwnedQ2 2019vs Q2 2018$0$0
Rates
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Electric Machinery Employees Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%--IRA Savings Account
0.15%$10-Passbook Savings Account

Electric Machinery Employees Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.45%$500-1 Year CD

Electric Machinery Employees Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.45%$500-1 Year IRA CD
Locations


Electric Machinery Employees Credit Union Locations
Branch Office800 CENTRAL AVE NEMINNEAPOLIS, MN 55413-2403

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