Overview / Commentary
Health Alliance Federal Credit Union is headquartered in Somerville and is the 136th largest credit union in the state of Massachusetts. It is also the 4,527th largest credit union in the nation. It was established in 1966 and as of December of 2019, it had grown to 2 employees and 1,228 members at 1 location. Health Alliance Federal Credit Union's CD rates are 11% higher than the national average, and it has a B health rating.
Field of Membership Restrictions
Membership in Health Alliance Federal Credit Union is open to employees of the Cambridge Health Alliance, including Cambridge Hospital, Somerville Hospital and Whidden Hospital.
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. Health Alliance Federal Credit Union has a very low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 17679 |
| Year Chartered | 1966 |
| Employees | 2 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.09% |
| Return on Equity - YTD | 10.48% |
| Annual Interest Income | $227.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $4.8MM$4.5MM |
| Loans | Q4 2019vs Q4 2018 | $2.6MM$2.7MM |
| Deposits | Q4 2019vs Q4 2018 | $4.3MM$4.0MM |
| Equity Capital | Q4 2019vs Q4 2018 | $496.00K$444.00K |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $79.00K$78.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $17.00K$32.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |