Electrical Workers Credit Union

Overview / Commentary
1366 porter ST

Electrical Workers Credit Union is headquartered in DETROIT and is the 196th largest credit union in the state of Michigan. It is also the 3,650th largest credit union in the nation. It was established in 1955 and as of March of 2019, it had grown to 2 employees and 2,345 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.
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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. Electrical Workers Credit Union has a low asset base.

Health Grade Components

NCUA #64267
Year Chartered1955
Primary Regulator
Profit Margin
Return on Assets - YTD0.65%
Return on Equity - YTD5.67%
Annual Interest Income$114.00K
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$15.0MM$14.4MM
LoansQ1 2019vs Q1 2018$4.8MM$4.5MM
DepositsQ1 2019vs Q1 2018$13.2MM$12.8MM
Equity CapitalQ1 2019vs Q1 2018$1.7MM$1.6MM
Loan Loss AllowanceQ1 2019vs Q1 2018$9.00K$4.00K
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$0$0
Real Estate OwnedQ1 2019vs Q1 2018$0$0
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Electrical Workers Credit Union Savings Account Rates

0.12%-$100Savings Account
0.12%--Club Account

Electrical Workers Credit Union Locations
Branch Office1366 porter STDETROIT, MI 48226

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