Overview / Commentary
Federated Employees Credit Union is headquartered in Owatonna and is the 55th largest credit union in the state of Minnesota. It is also the 2,448th largest credit union in the nation. It was established in 1934 and as of September of 2019, it had grown to 6 employees and 4,808 members at 2 locations. Federated Employees Credit Union's money market rates are 3X the national average, and it has a B+ health rating.
Field of Membership Restrictions
Federated Employees Credit Union of Minnesota is open to the current and retired employees of the Federated Insurance Companies and their family members.
See current membership details
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. Federated Employees Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 64703 |
| Year Chartered | 1934 |
| Employees | 6 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.37% |
| Return on Equity - YTD | 2.48% |
| Annual Interest Income | $1.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $44.7MM$44.3MM |
| Loans | Q3 2019vs Q3 2018 | $30.7MM$27.2MM |
| Deposits | Q3 2019vs Q3 2018 | $37.8MM$37.5MM |
| Equity Capital | Q3 2019vs Q3 2018 | $6.8MM$6.7MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $100.00K$100.00K |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $0$8.00K |
| Real Estate Owned | Q3 2019vs Q3 2018 | $0$0 |