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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 91st largest credit union in the state of Minnesota. It is also the 4,293rd largest credit union in the nation. It was established in 1946 and as of December of 2017, it had grown to 2 employees and 1,217 members at 1 location. Electric Machinery Employees Credit Union has a C+ 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.
See current membership details

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Health
C+

Data as of Q4 2017

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 - YTD0.96%
Return on Equity - YTD3.92%
Annual Interest Income$316.00K
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$8.6MM$8.7MM
LoansQ4 2017vs Q4 2016$4.7MM$4.7MM
DepositsQ4 2017vs Q4 2016$6.5MM$6.7MM
Equity CapitalQ4 2017vs Q4 2016$2.1MM$2.0MM
Loan Loss AllowanceQ4 2017vs Q4 2016$46.00K$61.00K
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$48.00K$57.00K
Real Estate OwnedQ4 2017vs Q4 2016$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%--Passbook Savings Account

Electric Machinery Employees Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%$500-1 Year CD

Electric Machinery Employees Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%$500-1 Year IRA CD
Locations


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

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