Huron Area Education Federal Credit Union
LOCATIONS
1
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HEALTH RATING
B
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CURRENT TOP RATE
0.70% 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 3,698th largest credit union in the nation. It was established in 1952 and as of June of 2020, it had grown to 3 employees and 979 members at 1 location. Huron Area Education Federal Credit Union 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.
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Health
B
Data as of Q2 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. 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 | 0.69% |
| Return on Equity - YTD | 7.67% |
| Annual Interest Income | $272.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $14.4MM$13.5MM |
| Loans | Q2 2020vs Q2 2019 | $7.9MM$8.0MM |
| Deposits | Q2 2020vs Q2 2019 | $13.1MM$12.3MM |
| Equity Capital | Q2 2020vs Q2 2019 | $1.3MM$1.2MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $272.00K$266.00K |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $95.00K$97.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$0 |