Overview / Commentary
Electrical Federal Credit Union is headquartered in Arvada and is the 45th largest credit union in the state of Colorado. It is also the 2,516th largest credit union in the nation. It was established in 1953 and as of March of 2020, it had grown to 7 employees and 4,168 members at 1 location. Electrical Federal Credit Union has a B health rating.
Field of Membership Restrictions
Electrical Federal Credit Union serves those who are affliated with several Colorado Labor Unions; including International Brotherhood of Electrical Workers Local 68 and 111, Carpenters Local 55, Office & Professional Employees International Union Local 30, as well as, any labor union affiliated with either the Colorado AFL-CIO or the Denver Area Labor Federation.
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Health
B
Data as of Q1 2020
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. Electrical Federal Credit Union has a low asset base, and a negative return on assets.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 8701 |
| Year Chartered | 1953 |
| Employees | 7 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -2.03% |
| Return on Equity - YTD | -21.34% |
| Annual Interest Income | $404.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2020vs Q1 2019 | $42.9MM$40.7MM |
| Loans | Q1 2020vs Q1 2019 | $19.6MM$20.4MM |
| Deposits | Q1 2020vs Q1 2019 | $38.8MM$36.7MM |
| Equity Capital | Q1 2020vs Q1 2019 | $4.0MM$3.8MM |
| Loan Loss Allowance | Q1 2020vs Q1 2019 | $315.00K$256.00K |
| Unbacked Noncurrent Loans | Q1 2020vs Q1 2019 | $244.00K$568.00K |
| Real Estate Owned | Q1 2020vs Q1 2019 | $0$0 |