Overview / Commentary
Federal Employees Credit Union is headquartered in Birmingham and is the 66th largest credit union in the state of Alabama. It is also the 3,496th largest credit union in the nation. It was established in 1958 and as of September of 2019, it had grown to 5 employees and 1,614 members at 1 location. Federal Employees Credit Union's CD rates are 2X the national average, and it has a C+ health rating.
Field of Membership Restrictions
Federal Employees Credit Union of Alabama is open to the current and retired federal employees, including military personnel and all veterans along with their family members.
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Health
C+
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. Federal Employees Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 62599 |
| Year Chartered | 1958 |
| Employees | 5 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.68% |
| Return on Equity - YTD | 3.55% |
| Annual Interest Income | $630.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $17.1MM$19.2MM |
| Loans | Q3 2019vs Q3 2018 | $8.6MM$8.3MM |
| Deposits | Q3 2019vs Q3 2018 | $13.6MM$15.8MM |
| Equity Capital | Q3 2019vs Q3 2018 | $3.4MM$3.3MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $113.00K$139.00K |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $173.00K$248.00K |
| Real Estate Owned | Q3 2019vs Q3 2018 | $24.00K$24.00K |