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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 94th largest credit union in the state of Minnesota. It is also the 4,366th largest credit union in the nation. It was established in 1946 and as of June of 2016, it had grown to 2 employees and 1,528 members at 1 location. Electric Machinery Employees Credit Union 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 Q2 2016

Learn more about bank 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 - YTD0.78%
Return on Equity - YTD3.56%
Annual Interest Income$161.00K
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$9.0MM$8.9MM
LoansQ2 2016vs Q2 2015$4.8MM$5.4MM
DepositsQ2 2016vs Q2 2015$7.1MM$7.0MM
Equity CapitalQ2 2016vs Q2 2015$2.0MM$1.9MM
Loan Loss AllowanceQ2 2016vs Q2 2015$59.00K$58.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$44.00K$64.00K
Real Estate OwnedQ2 2016vs Q2 2015$0$0
Rates
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Electric Machinery Employees Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.36%--IRA Savings Account
0.16%--Passbook Savings Account

Electric Machinery Employees Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%$500-1 Year CD

Electric Machinery Employees Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%$500-1 Year IRA CD
Locations


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