Overview / Commentary
edU Federal Credit Union (DE) is headquartered in New Castle and is the 10th largest credit union in the state of Delaware. It is also the 2,501st largest credit union in the nation. It was established in 1953 and as of December of 2019, it had grown to 15 employees and 10,754 members at 4 locations. edU Federal Credit Union (DE) has a C+ health rating.
Field of Membership Restrictions
Membership in edU Federal Credit Union is open to the following: 1) employees or retirees of any school in New Castle County of Delaware; 2) students of public schools in New Castle County; 3) immediate family of current members.
See current membership details
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. edU Federal Credit Union (DE) has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 8609 |
| Year Chartered | 1953 |
| Employees | 15 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.43% |
| Return on Equity - YTD | -6.36% |
| Annual Interest Income | $1.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $42.4MM$43.3MM |
| Loans | Q4 2019vs Q4 2018 | $16.2MM$17.7MM |
| Deposits | Q4 2019vs Q4 2018 | $39.3MM$40.2MM |
| Equity Capital | Q4 2019vs Q4 2018 | $2.9MM$3.0MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $638.00K$699.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $210.00K$347.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |