Overview / Commentary
Electricians' Local 349 Credit Union is headquartered in Miami and is the 127th largest credit union in the state of Florida. It is also the 4,556th largest credit union in the nation. It was established in 1947 and as of December of 2019, it had grown to 2 employees and 746 members at 1 location. Electricians' Local 349 Credit Union has a B health rating.
Health
B
Data as of Q4 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. Electricians' Local 349 Credit Union has a very low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 67338 |
| Year Chartered | 1947 |
| Employees | 2 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.58% |
| Return on Equity - YTD | 3.38% |
| Annual Interest Income | $149.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $4.6MM$4.5MM |
| Loans | Q4 2019vs Q4 2018 | $1.0MM$1.1MM |
| Deposits | Q4 2019vs Q4 2018 | $3.8MM$3.7MM |
| Equity Capital | Q4 2019vs Q4 2018 | $799.00K$780.00K |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $14.00K$10.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $16.00K$15.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |