Overview / Commentary
Imeco Federal Credit Union is headquartered in South Bend and is the 121st largest credit union in the state of Indiana. It is also the 4,132nd largest credit union in the nation. It was established in 1949 and as of December of 2019, it had grown to 2 employees and 999 members at 1 location. Imeco Federal Credit Union has a B health rating.
Field of Membership Restrictions
Must be an employee of American Electric Power or one of its subsidiaries.
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. Imeco Federal Credit Union has a very low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 6261 |
| Year Chartered | 1949 |
| Employees | 2 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.07% |
| Return on Equity - YTD | 0.47% |
| Annual Interest Income | $279.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $8.6MM$8.3MM |
| Loans | Q4 2019vs Q4 2018 | $5.9MM$5.5MM |
| Deposits | Q4 2019vs Q4 2018 | $7.3MM$7.0MM |
| Equity Capital | Q4 2019vs Q4 2018 | $1.3MM$1.3MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $8.00K$10.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $67.00K$138.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |