Overview / Commentary
Fedmont Federal Credit Union is headquartered in Montgomery and is the 72nd largest credit union in the state of Alabama. It is also the 3,790th largest credit union in the nation. It was established in 1960 and as of December of 2019, it had grown to 5 employees and 1,393 members at 1 location. Fedmont Federal Credit Union's CD rates are 68% higher than the national average, and it has a B health rating.
Field of Membership Restrictions
Membership to Fedmont Federal Credit Union is open to employees and retirees of the Federal Civil Service working in or supervised from Montgomery, Alabama and to active and retired military and postal workers in the same area.
See current membership details
Health
B
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. Fedmont Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 14026 |
| Year Chartered | 1960 |
| Employees | 5 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.82% |
| Return on Equity - YTD | -6.18% |
| Annual Interest Income | $505.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $12.5MM$12.5MM |
| Loans | Q4 2019vs Q4 2018 | $4.5MM$4.7MM |
| Deposits | Q4 2019vs Q4 2018 | $10.8MM$10.7MM |
| Equity Capital | Q4 2019vs Q4 2018 | $1.6MM$1.7MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $134.00K$113.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $126.00K$175.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |