Greenwich Municipal Employees Federal Credit Union
LOCATIONS
1
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HEALTH RATING
B
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CURRENT TOP RATE
0.55% APY
24 Month CD
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Overview / Commentary
Greenwich Municipal Employees Federal Credit Union is headquartered in Greenwich and is the 52nd largest credit union in the state of Connecticut. It is also the 3,154th largest credit union in the nation. It was established in 1969 and as of March of 2020, it had grown to 3 employees and 2,051 members at 1 location. Greenwich Municipal Employees Federal Credit Union has a B health rating.
Field of Membership Restrictions
Membership is open to employees or retirees of the Town of Greenwich.
See current membership details
Health
B
Data as of Q1 2020
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. Greenwich Municipal Employees Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 19203 |
| Year Chartered | 1969 |
| Employees | 3 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.22% |
| Return on Equity - YTD | 10.37% |
| Annual Interest Income | $204.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2020vs Q1 2019 | $24.0MM$25.6MM |
| Loans | Q1 2020vs Q1 2019 | $7.5MM$6.9MM |
| Deposits | Q1 2020vs Q1 2019 | $21.0MM$22.5MM |
| Equity Capital | Q1 2020vs Q1 2019 | $2.8MM$2.5MM |
| Loan Loss Allowance | Q1 2020vs Q1 2019 | $49.00K$55.00K |
| Unbacked Noncurrent Loans | Q1 2020vs Q1 2019 | $3.00K$10.00K |
| Real Estate Owned | Q1 2020vs Q1 2019 | $0$0 |