Overview / Commentary
Imeco Federal Credit Union is headquartered in South Bend and is the 122nd largest credit union in the state of Indiana. It is also the 4,337th largest credit union in the nation. It was established in 1949 and as of March of 2017, it had grown to 2 employees and 1,046 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 Q1 2017
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 | -0.18% |
| Return on Equity - YTD | -1.29% |
| Annual Interest Income | $58.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $9.0MM$9.2MM |
| Loans | Q1 2017vs Q1 2016 | $5.3MM$5.3MM |
| Deposits | Q1 2017vs Q1 2016 | $7.8MM$7.9MM |
| Equity Capital | Q1 2017vs Q1 2016 | $1.2MM$1.3MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $17.00K$20.00K |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $13.00K$7.00K |
| Real Estate Owned | Q1 2017vs Q1 2016 | $0$0 |
Rates
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Imeco Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.20% | - | - | IRA Shares Savings Account | |
| 0.15% | $30k | - | Fund Manager | |
| 0.10% | $50 | - | Regular Shares Savings Account |
Locations
| Imeco Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 3404 Boland Dr | South Bend, IN 46628-4302 |