Overview / Commentary
Equitable Federal Credit Union is headquartered in Akron and is the 203rd largest credit union in the state of Ohio. It is also the 4,364th largest credit union in the nation. It was established in 1936 and as of December of 2020, it had grown to 2 employees and 1,359 members at 1 location. Equitable Federal Credit Union has a B health rating.
Field of Membership Restrictions
Membership in Equitable Federal Credit Union is open to anyone who lives, works, worships, attends school, or volunteers in Akron, Ohio.
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. Equitable Federal Credit Union has a very low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 1649 |
| Year Chartered | 1936 |
| Employees | 2 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.56% |
| Return on Equity - YTD | 3.22% |
| Annual Interest Income | $294.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $6.1MM$5.9MM |
| Loans | Q4 2020vs Q4 2019 | $3.1MM$3.4MM |
| Deposits | Q4 2020vs Q4 2019 | $5.0MM$4.8MM |
| Equity Capital | Q4 2020vs Q4 2019 | $1.1MM$1.0MM |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $45.00K$62.00K |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $0$5.00K |
| Real Estate Owned | Q4 2020vs Q4 2019 | $0$0 |