Overview / Commentary
Everest Federal Credit Union is headquartered in Jackson Heights and is the 234th largest credit union in the state of New York. It is also the 4,040th largest credit union in the nation. It was established in 2018 and as of December of 2024, it had grown to 4 employees and 1,665 members at 3 locations. Everest Federal Credit Union has a C- health rating.
Field of Membership Restrictions
Everest Federal Credit Union explicitly serves Nepalese-American Communities in the United States of America.
See current membership details
Health
C-
Data as of Q4 2024
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. Everest Federal Credit Union has a very low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 24906 |
| Year Chartered | 2018 |
| Employees | 4 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.96% |
| Return on Equity - YTD | 23.14% |
| Annual Interest Income | $390K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $4.8MM$2.7MM |
| Loans | Q4 2024vs Q4 2023 | $3.6MM$1.6MM |
| Deposits | Q4 2024vs Q4 2023 | $4.3MM$2.3MM |
| Equity Capital | Q4 2024vs Q4 2023 | $543K$417K |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $153K$63K |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $738K$0 |
| Real Estate Owned | Q4 2024vs Q4 2023 | $0$0 |