Overview / Commentary
Everest Federal Credit Union is headquartered in Jackson Heights and is the 231st largest credit union in the state of New York. It is also the 3,931st largest credit union in the nation. It was established in 2018 and as of March of 2025, it had grown to 5 employees and 1,801 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 Q1 2025
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 | 5 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 6.59% |
| Return on Equity - YTD | 54.85% |
| Annual Interest Income | $139K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $5.6MM$3.1MM |
| Loans | Q1 2025vs Q1 2024 | $3.9MM$2MM |
| Deposits | Q1 2025vs Q1 2024 | $5MM$2.7MM |
| Equity Capital | Q1 2025vs Q1 2024 | $629K$429K |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $171K$84K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $207K$14K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |