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 2,721st largest credit union in the nation. It was established in 1955 and as of December of 2020, it had grown to 15 employees and 5,088 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 2020
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 | 15 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.91% |
| Return on Equity - YTD | -11.59% |
| Annual Interest Income | $1.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $38.6MM$36.8MM |
| Loans | Q4 2020vs Q4 2019 | $20.0MM$18.5MM |
| Deposits | Q4 2020vs Q4 2019 | $35.1MM$33.1MM |
| Equity Capital | Q4 2020vs Q4 2019 | $3.0MM$3.4MM |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $527.00K$509.00K |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $375.00K$403.00K |
| Real Estate Owned | Q4 2020vs Q4 2019 | $0$0 |