Electrical Workers No 558 Federal Credit Union
LOCATIONS
1
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HEALTH RATING
B+
View health report
CURRENT TOP RATE
1.36% APY
5 Year Certificate
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Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.36% | 5-year CD | 5 Year Certificate 1.85% - Synchrony Bank 60 Month CD |
| 0.50% | Savings | Regular Shares Account 1.00% - Ally Bank Online Savings Account |
| 0.45% | 1-year CD | 1 Year Certificate 1.05% - Ally Bank High Yield 12-Month CD |
Overview / Commentary
Electrical Workers No 558 Federal Credit Union is headquartered in Sheffield and is the 56th largest credit union in the state of Alabama. It is also the 3,236th largest credit union in the nation. It was established in 1958 and as of June of 2016, it had grown to 3 employees and 2,608 members at 1 location. Electrical Workers No 558 Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership is open to members of the International Brotherhood of Electrical Workers Local Union No. 558.
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 No 558 Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 12478 |
| Year Chartered | 1958 |
| Employees | 3 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.84% |
| Return on Equity - YTD | 4.19% |
| Annual Interest Income | $387.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $23.7MM$22.3MM |
| Loans | Q2 2016vs Q2 2015 | $14.3MM$13.3MM |
| Deposits | Q2 2016vs Q2 2015 | $18.9MM$17.7MM |
| Equity Capital | Q2 2016vs Q2 2015 | $4.7MM$4.5MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $92.00K$52.00K |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $19.00K$12.00K |
| Real Estate Owned | Q2 2016vs Q2 2015 | $0$0 |
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Electrical Workers No 558 Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.50% | $25 | - | Regular Shares Account |
Electrical Workers No 558 Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.36% | $500 | - | 5 Year Certificate | |
| 0.85% | $500 | - | 2 Year Certificate | |
| 0.45% | $500 | - | 1 Year Certificate | |
| 0.35% | $500 | - | 6 Month Certificate |
Locations
| Electrical Workers No 558 Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 1705 E 17th St | Sheffield, AL 35660-2517 |