Great Meadow Federal Credit Union
Overview / Commentary
Great Meadow Federal Credit Union is headquartered in Granville and is the 122nd largest credit union in the state of New York. It is also the 2,462nd largest credit union in the nation. It was established in 1956 and as of December of 2019, it had grown to 20 employees and 5,042 members at 4 locations. Great Meadow Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership is open to employees of Great Meadow Correctional Facility in Comstock, New York and other select employer groups.
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. Great Meadow Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 11402 |
| Year Chartered | 1956 |
| Employees | 20 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.42% |
| Return on Equity - YTD | 3.67% |
| Annual Interest Income | $2.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $44.1MM$38.0MM |
| Loans | Q4 2019vs Q4 2018 | $33.5MM$28.5MM |
| Deposits | Q4 2019vs Q4 2018 | $38.6MM$32.9MM |
| Equity Capital | Q4 2019vs Q4 2018 | $5.0MM$4.7MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $242.00K$131.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $260.00K$228.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |