Overview / Commentary
Health Alliance Federal Credit Union is headquartered in Somerville and is the 134th largest credit union in the state of Massachusetts. It is also the 4,521st largest credit union in the nation. It was established in 1966 and as of March of 2020, it had grown to 2 employees and 1,228 members at 1 location. Health Alliance Federal Credit Union 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 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. 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 | 10.21% |
| Annual Interest Income | $56.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2020vs Q1 2019 | $4.8MM$4.5MM |
| Loans | Q1 2020vs Q1 2019 | $2.5MM$2.6MM |
| Deposits | Q1 2020vs Q1 2019 | $4.2MM$4.0MM |
| Equity Capital | Q1 2020vs Q1 2019 | $509.00K$458.00K |
| Loan Loss Allowance | Q1 2020vs Q1 2019 | $84.00K$78.00K |
| Unbacked Noncurrent Loans | Q1 2020vs Q1 2019 | $12.00K$19.00K |
| Real Estate Owned | Q1 2020vs Q1 2019 | $0$0 |