Electrical Workers Credit Union
Overview / Commentary
Electrical Workers Credit Union is headquartered in DETROIT and is the 216th largest credit union in the state of Michigan. It is also the 4,097th largest credit union in the nation. It was established in 1955 and as of June of 2016, it had grown to 2 employees and 2,212 members at 1 location. Electrical Workers Credit Union has a B health rating.
Field of Membership Restrictions
Electrical Workers Credit Union of Michigan is open to the members of the IBEW Local 58 and their family members.
See current membership details
Health
B
Data as of Q2 2016
Learn more about bank healthAdditional 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 Workers Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 64267 |
| Year Chartered | 1955 |
| Employees | 2 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.17% |
| Return on Equity - YTD | 1.3% |
| Annual Interest Income | $142.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $11.4MM$12.5MM |
| Loans | Q2 2016vs Q2 2015 | $4.5MM$4.5MM |
| Deposits | Q2 2016vs Q2 2015 | $9.8MM$10.9MM |
| Equity Capital | Q2 2016vs Q2 2015 | $1.5MM$1.5MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $13.00K$10.00K |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $0$1,000 |
| Real Estate Owned | Q2 2016vs Q2 2015 | $0$0 |
Rates
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Electrical Workers Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | - | $100 | Savings Account | |
| 0.10% | - | - | Club Account |
Locations
| Electrical Workers Credit Union Locations | ||
|---|---|---|
| Branch Office | 1366 porter ST | DETROIT, MI 48226 |