Overview / Commentary
Industrial Employees Credit Union is headquartered in Centerville and is the 63rd largest credit union in the state of Iowa. It is also the 4,155th largest credit union in the nation. It was established in 1967 and as of March of 2019, it had grown to 4 employees and 980 members at 1 location. Industrial Employees Credit Union's savings rates are 15% higher than the national average, and it has a B health rating.
Field of Membership Restrictions
Industrial Employees Credit Union of Iowa is open to current and retired employees of the Bemis Company.
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Health
B
Data as of Q1 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. Industrial Employees Credit Union has a very low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 65242 |
| Year Chartered | 1967 |
| Employees | 4 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.64% |
| Return on Equity - YTD | 3.82% |
| Annual Interest Income | $74.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2019vs Q1 2018 | $8.9MM$9.1MM |
| Loans | Q1 2019vs Q1 2018 | $4.3MM$4.1MM |
| Deposits | Q1 2019vs Q1 2018 | $7.4MM$7.7MM |
| Equity Capital | Q1 2019vs Q1 2018 | $1.5MM$1.4MM |
| Loan Loss Allowance | Q1 2019vs Q1 2018 | $53.00K$52.00K |
| Unbacked Noncurrent Loans | Q1 2019vs Q1 2018 | $13.00K$0 |
| Real Estate Owned | Q1 2019vs Q1 2018 | $0$0 |
Rates
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Industrial Employees Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.60% | $5 | - | Savings |
Locations
| Industrial Employees Credit Union Locations | ||
|---|---|---|
| Branch Office | 1513 S 18th St | Centerville, IA 52544 |