Electric Machinery Employees Credit Union
LOCATIONS
1
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HEALTH RATING
B
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CURRENT TOP RATE
1.10% APY
1 Year CD
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Overview / Commentary
Electric Machinery Employees Credit Union is headquartered in MINNEAPOLIS and is the 80th largest credit union in the state of Minnesota. It is also the 4,068th largest credit union in the nation. It was established in 1946 and as of December of 2019, it had grown to 2 employees and 1,155 members at 1 location. Electric Machinery Employees Credit Union's CD rates are 22% 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
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. 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 | 0.74% |
| Return on Equity - YTD | 2.97% |
| Annual Interest Income | $345.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $9.2MM$8.6MM |
| Loans | Q4 2019vs Q4 2018 | $5.3MM$5.3MM |
| Deposits | Q4 2019vs Q4 2018 | $6.9MM$6.4MM |
| Equity Capital | Q4 2019vs Q4 2018 | $2.2MM$2.1MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $47.00K$77.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $95.00K$100.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |