Erie Firefighters Federal Credit Union
LOCATIONS
1
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HEALTH RATING
C+
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CURRENT TOP RATE
0.50% APY
Share Savings
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Overview / Commentary
Erie Firefighters Federal Credit Union is headquartered in Erie and is the 246th largest credit union in the state of Pennsylvania. It is also the 4,104th largest credit union in the nation. It was established in 1953 and as of December of 2019, it had grown to 2 employees and 770 members at 1 location. Erie Firefighters Federal Credit Union has a C+ health rating.
Field of Membership Restrictions
Membership is open to employees of the City of Erie Fire Department.
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Health
C+
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. Erie Firefighters Federal Credit Union has a very low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 8625 |
| Year Chartered | 1953 |
| Employees | 2 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.99% |
| Return on Equity - YTD | 9.4% |
| Annual Interest Income | $290.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $8.9MM$9.4MM |
| Loans | Q4 2019vs Q4 2018 | $3.2MM$2.7MM |
| Deposits | Q4 2019vs Q4 2018 | $7.9MM$8.5MM |
| Equity Capital | Q4 2019vs Q4 2018 | $926.00K$839.00K |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $22.00K$22.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $9.00K$17.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |