Overview / Commentary
Federal Employees Credit Union is headquartered in Birmingham and is the 67th largest credit union in the state of Alabama. It is also the 3,415th largest credit union in the nation. It was established in 1958 and as of September of 2022, it had grown to 4 employees and 1,731 members at 1 location. Federal Employees Credit Union has a B 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.
See current membership details
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Health
B
Data as of Q3 2022
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 | 4 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.22% |
| Return on Equity - YTD | 1.23% |
| Annual Interest Income | $546.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2022vs Q3 2021 | $19.5MM$19.5MM |
| Loans | Q3 2022vs Q3 2021 | $9.8MM$10.0MM |
| Deposits | Q3 2022vs Q3 2021 | $16.1MM$16.0MM |
| Equity Capital | Q3 2022vs Q3 2021 | $3.4MM$3.4MM |
| Loan Loss Allowance | Q3 2022vs Q3 2021 | $32.00K$48.00K |
| Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $154.00K$186.00K |
| Real Estate Owned | Q3 2022vs Q3 2021 | $0$24.00K |