Overview / Commentary
Highway Federal Credit Union is headquartered in PITTSTON and is the 169th largest credit union in the state of Pennsylvania. It is also the 3,215th largest credit union in the nation. It was established in 1971 and as of December of 2019, it had grown to 7 employees and 2,448 members at 1 location. Highway Federal Credit Union has a B health rating.
Field of Membership Restrictions
Membership is open to those who live, work, attend school or worship in Pittston or the surrounding area. Membership is also open to employees who work in Pittston for Circle Bolt and Nut, Former Convention Hall and Regency Catering Service, Perkins Family Restaurant & Bakery, County Optical Co. Inc., Wal Mart, Men’s Warehouse, and other select organizations.
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. Highway Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 20691 |
| Year Chartered | 1971 |
| Employees | 7 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.88% |
| Return on Equity - YTD | 4.65% |
| Annual Interest Income | $981.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $22.4MM$23.2MM |
| Loans | Q4 2019vs Q4 2018 | $11.1MM$11.6MM |
| Deposits | Q4 2019vs Q4 2018 | $18.1MM$19.0MM |
| Equity Capital | Q4 2019vs Q4 2018 | $4.2MM$4.0MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $209.00K$248.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $209.00K$207.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |