2. Electric Machinery Employees Credit Union

Electric Machinery Employees Credit Union


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

Electric Machinery Employees Credit Union is headquartered in MINNEAPOLIS and is the 88th largest credit union in the state of Minnesota. It is also the 4,224th largest credit union in the nation. It was established in 1946 and as of September of 2018, it had grown to 2 employees and 1,208 members at 1 location. Electric Machinery Employees Credit Union's CD rates are 39% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

Electric Machinery Employee Credit Union of Minnesota is open to the employees of these select credit union affiliated companies: Minneapolis, Electric Machinery, Minneapolis, Bokers, Fridley, Timmerman Fishing, and Rush City, LaCalhene. Membership eligibility also extends to include the family members of these eligible persons.
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Health
B

Data as of Q3 2018

Learn why bank health matters
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 - YTD0.95%
Return on Equity - YTD3.77%
Annual Interest Income$256.00K
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$8.6MM$8.5MM
LoansQ3 2018vs Q3 2017$5.1MM$4.6MM
DepositsQ3 2018vs Q3 2017$6.4MM$6.4MM
Equity CapitalQ3 2018vs Q3 2017$2.2MM$2.1MM
Loan Loss AllowanceQ3 2018vs Q3 2017$45.00K$44.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$71.00K$103.00K
Real Estate OwnedQ3 2018vs Q3 2017$0$0
Rates
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Electric Machinery Employees Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%--IRA Savings Account
0.15%$10-Passbook Savings Account

Electric Machinery Employees Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%$500-1 Year CD

Electric Machinery Employees Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%$500-1 Year IRA CD
Locations


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

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