Overview / Commentary
Hometown Federal Credit Union is headquartered in PERU and is the 79th largest credit union in the state of Indiana. It is also the 2,756th largest credit union in the nation. It was established in 1936 and as of December of 2022, it had grown to 11 employees and 4,412 members at 1 location. Hometown Federal Credit Union has a B health rating.
Field of Membership Restrictions
Hometown Federal Credit Union membership is open to those who live, work, attend school or worship in Miami County, Indiana.
See current membership details
Health
B
Data as of Q4 2022
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. Hometown Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 1621 |
| Year Chartered | 1936 |
| Employees | 11 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.79% |
| Return on Equity - YTD | 8.39% |
| Annual Interest Income | $1.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2022vs Q4 2021 | $38.3MM$37.2MM |
| Loans | Q4 2022vs Q4 2021 | $24.4MM$22.4MM |
| Deposits | Q4 2022vs Q4 2021 | $27.8MM$29.8MM |
| Equity Capital | Q4 2022vs Q4 2021 | $8.1MM$7.4MM |
| Loan Loss Allowance | Q4 2022vs Q4 2021 | $437.00K$472.00K |
| Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $399.00K$326.00K |
| Real Estate Owned | Q4 2022vs Q4 2021 | $0$43.00K |