Farmway Credit Union


Overview / Commentary
785-738-2224
200 S Hersey Ave
Beloit, KS 67420-0446

Farmway Credit Union is headquartered in Beloit and is the 17th largest credit union in the state of Kansas. It is also the 1,746th largest credit union in the nation. It was established in 1950 and as of December of 2019, it had grown to 30 employees and 7,646 members at 4 locations. Farmway Credit Union has a B+ health rating.

Field of Membership Restrictions

Farmway Credit Union is open to: (1) employees, customers, and members of Farmway Co-op, Inc. in Beloit, KS and the surrounding trade territory; (2) employees, customers, and members of Midway Co-op, Inc. in Osborne, KS and the surrounding trade territory; (3) individuals who live, work, or worship in Clay, Dickinson, Cloud, Ellsworth, Ellis, Jewell, Lincoln, Osborne, Mitchell, Ottawa, Phillips, Rooks, Republic, Russell, Smith, Washing, and Saline counties; (4) Farmway Credit Union employees, members, and immediate family.
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Health
B+
Additional 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. Farmway Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #63374
Year Chartered1950
Employees30
Primary Regulator
Profit Margin
Return on Assets - YTD0.38%
Return on Equity - YTD1.59%
Annual Interest Income$3.7MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$88.8MM$89.0MM
LoansQ4 2019vs Q4 2018$63.0MM$61.9MM
DepositsQ4 2019vs Q4 2018$66.8MM$67.8MM
Equity CapitalQ4 2019vs Q4 2018$21.2MM$20.9MM
Loan Loss AllowanceQ4 2019vs Q4 2018$813.00K$673.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$1.1MM$658.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Rates
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Farmway Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$500-IRA Share Account
1.00%$500-Roth IRA Share Account
1.00%$50-CESA Share Account
0.10%$5-Share Account
0.10%$50-Health Savings Account (HSA)
0.10%$5-Passbook Account

Farmway Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%$500-48 Month Share Certificate
0.30%$500-30 Month Share Certificate
0.15%$2.5k-3 Month Share Certificate
0.15%$2.5k-6 Month Share Certificate
0.15%$500-12 Month Share Certificate
0.15%$500-18 Month Share Certificate
Locations


Farmway Credit Union Locations
Branch Office200 S Hersey AveBeloit, KS 67420
Branch Office221 W Main StOsborne, KS 67473
Branch Office113 E Lincoln AveLincoln, KS 67455
Branch Office102 N Commercial StMankato, KS 66956

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