Electrical Workers No 558 Federal Credit Union
LOCATIONS
1
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HEALTH RATING
B+
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CURRENT TOP RATE
2.02% APY
5 Year Certificate
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Overview / Commentary
Electrical Workers No 558 Federal Credit Union is headquartered in Sheffield and is the 55th largest credit union in the state of Alabama. It is also the 3,095th largest credit union in the nation. It was established in 1958 and as of September of 2019, it had grown to 3 employees and 2,671 members at 1 location. Electrical Workers No 558 Federal Credit Union's CD rates are 96% higher than the national average, and it 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.
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Health
B+
Data as of Q3 2019
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 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 | 1.39% |
| Return on Equity - YTD | 6.37% |
| Annual Interest Income | $756.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $25.0MM$24.5MM |
| Loans | Q3 2019vs Q3 2018 | $18.6MM$16.6MM |
| Deposits | Q3 2019vs Q3 2018 | $19.4MM$19.3MM |
| Equity Capital | Q3 2019vs Q3 2018 | $5.4MM$5.1MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $107.00K$113.00K |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $11.00K$7.00K |
| Real Estate Owned | Q3 2019vs Q3 2018 | $0$0 |