Overview / Commentary
Emerald Credit Union is headquartered in GARFIELD HTS and is the 120th largest credit union in the state of Ohio. It is also the 2,762nd largest credit union in the nation. It was established in 1955 and as of December of 2021, it had grown to 14 employees and 4,705 members at 1 location. Emerald Credit Union has a B health rating.
Field of Membership Restrictions
Membership is open to those who live, work, attend school or worship in Cuyahoga County.
See current membership details
Health
B
Data as of Q4 2021
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. Emerald Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 97077 |
| Year Chartered | 1955 |
| Employees | 14 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.01% |
| Return on Equity - YTD | -0.17% |
| Annual Interest Income | $1.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2021vs Q4 2020 | $39.0MM$38.6MM |
| Loans | Q4 2021vs Q4 2020 | $22.3MM$20.0MM |
| Deposits | Q4 2021vs Q4 2020 | $35.5MM$35.1MM |
| Equity Capital | Q4 2021vs Q4 2020 | $3.0MM$3.0MM |
| Loan Loss Allowance | Q4 2021vs Q4 2020 | $332.00K$527.00K |
| Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $259.00K$375.00K |
| Real Estate Owned | Q4 2021vs Q4 2020 | $0$0 |