Overview / Commentary
Farmers Federal Credit Union is headquartered in JACKSONVILLE and is the 118th largest credit union in the state of Florida. It is also the 3,584th largest credit union in the nation. It was established in 1934 and as of September of 2019, it had grown to 3 employees and 1,321 members at 1 location. Farmers Federal Credit Union's CD rates are 68% higher than the national average, and it has a B+ health rating.
Health
B+
Data as of Q3 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. Farmers Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 26 |
| Year Chartered | 1934 |
| Employees | 3 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.06% |
| Return on Equity - YTD | 0.48% |
| Annual Interest Income | $366.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $15.6MM$14.6MM |
| Loans | Q3 2019vs Q3 2018 | $4.7MM$4.9MM |
| Deposits | Q3 2019vs Q3 2018 | $13.5MM$12.6MM |
| Equity Capital | Q3 2019vs Q3 2018 | $1.9MM$1.9MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $19.00K$28.00K |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $93.00K$64.00K |
| Real Estate Owned | Q3 2019vs Q3 2018 | $0$0 |