Electrical Workers No 558 Federal Credit Union

Overview / Commentary
1705 E 17th St
Sheffield, AL 35660

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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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 No 558 Federal Credit Union has a low asset base.

Health Grade Components

NCUA #12478
Year Chartered1958
Primary Regulator
Profit Margin
Return on Assets - YTD1.39%
Return on Equity - YTD6.37%
Annual Interest Income$756.00K
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$25.0MM$24.5MM
LoansQ3 2019vs Q3 2018$18.6MM$16.6MM
DepositsQ3 2019vs Q3 2018$19.4MM$19.3MM
Equity CapitalQ3 2019vs Q3 2018$5.4MM$5.1MM
Loan Loss AllowanceQ3 2019vs Q3 2018$107.00K$113.00K
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$11.00K$7.00K
Real Estate OwnedQ3 2019vs Q3 2018$0$0
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Electrical Workers No 558 Federal Credit Union Savings Account Rates

0.50%$25-Regular Shares Account

Electrical Workers No 558 Federal Credit Union CD Rates

2.02%$500-5 Year Certificate
1.97%$500-3 Year Certificate
1.87%$500-2 Year Certificate
1.76%$500-1 Year Certificate
1.66%$500-6 Month Certificate

Electrical Workers No 558 Federal Credit Union Locations
Branch Office1705 E 17th StSheffield, AL 35660-2517

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