Overview / Commentary
IBEW Community Federal Credit Union is headquartered in Beaumont and is the 289th largest credit union in the state of Texas. It is also the 3,607th largest credit union in the nation. It was established in 1971 and as of September of 2019, it had grown to 7 employees and 1,816 members at 1 location. IBEW Community Federal Credit Union's CD rates are 33% higher than the national average, but it has a C- health rating.
Field of Membership Restrictions
Membership is open to those who live, work, attend school or worship in Jefferson County in Texas.
See current membership details
Health
C-
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. IBEW Community Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 20503 |
| Year Chartered | 1971 |
| Employees | 7 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.48% |
| Return on Equity - YTD | 5.02% |
| Annual Interest Income | $433.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $15.2MM$15.3MM |
| Loans | Q3 2019vs Q3 2018 | $11.9MM$11.6MM |
| Deposits | Q3 2019vs Q3 2018 | $13.7MM$13.8MM |
| Equity Capital | Q3 2019vs Q3 2018 | $1.4MM$1.4MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $124.00K$95.00K |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $480.00K$171.00K |
| Real Estate Owned | Q3 2019vs Q3 2018 | $0$0 |