Overview / Commentary
Friendly Federal Credit Union is headquartered in Aliquippa and is the 107th largest credit union in the state of Pennsylvania. It is also the 2,209th largest credit union in the nation. It was established in 1955 and as of March of 2021, it had grown to 12 employees and 4,833 members at 2 locations. Friendly Federal Credit Union has an A health rating.
Field of Membership Restrictions
Friendly Federal Credit Union is open to employees of the Blast Furnace, Service Department, By Products Department or the Apprentice Department of Jones and Laughlin Steel Corporation who work in Aliquippa, Pennsylvania. Also open to employees of other select companies and members of specified organizations.
See current membership details
Health
A
Data as of Q1 2021
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. Friendly Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 10184 |
| Year Chartered | 1955 |
| Employees | 12 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.56% |
| Return on Equity - YTD | 3.57% |
| Annual Interest Income | $388.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2021vs Q1 2020 | $67.4MM$54.0MM |
| Loans | Q1 2021vs Q1 2020 | $25.8MM$29.3MM |
| Deposits | Q1 2021vs Q1 2020 | $57.1MM$44.1MM |
| Equity Capital | Q1 2021vs Q1 2020 | $10.3MM$9.9MM |
| Loan Loss Allowance | Q1 2021vs Q1 2020 | $111.00K$172.00K |
| Unbacked Noncurrent Loans | Q1 2021vs Q1 2020 | $377.00K$418.00K |
| Real Estate Owned | Q1 2021vs Q1 2020 | $0$0 |