Huron Area Education Federal Credit Union
LOCATIONS
1
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HEALTH RATING
B
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CURRENT TOP RATE
1.65% APY
2 Year CD
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Overview / Commentary
Huron Area Education Federal Credit Union is headquartered in HURON and is the 28th largest credit union in the state of South Dakota. It is also the 3,703rd largest credit union in the nation. It was established in 1952 and as of September of 2019, it had grown to 3 employees and 976 members at 1 location. Huron Area Education Federal Credit Union's CD rates are 56% higher than the national average, and it has a B health rating.
Field of Membership Restrictions
Membership in Huron Area Educational Federal Credit Union is open to employees (past and present) of school systems located in Beadle, Hand, Kingsbury, Sanborn, or Spink Counties in South Dakota.
See current membership details
Health
B
Data as of Q3 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. Huron Area Education Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 7599 |
| Year Chartered | 1952 |
| Employees | 3 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.77% |
| Return on Equity - YTD | 8.74% |
| Annual Interest Income | $409.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $13.7MM$13.1MM |
| Loans | Q3 2019vs Q3 2018 | $8.0MM$8.0MM |
| Deposits | Q3 2019vs Q3 2018 | $12.5MM$12.0MM |
| Equity Capital | Q3 2019vs Q3 2018 | $1.2MM$1.1MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $269.00K$260.00K |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $97.00K$104.00K |
| Real Estate Owned | Q3 2019vs Q3 2018 | $0$0 |