Overview / Commentary
Industrial Employees Credit Union is headquartered in Centerville and is the 60th largest credit union in the state of Iowa. It is also the 4,123rd largest credit union in the nation. It was established in 1967 and as of March of 2020, it had grown to 3 employees and 971 members at 1 location. Industrial Employees Credit Union has a B health rating.
Field of Membership Restrictions
Industrial Employees Credit Union of Iowa is open to current and retired employees of AmCor.
See current membership details
Health
B
Data as of Q1 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. Industrial Employees Credit Union has a very low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 65242 |
| Year Chartered | 1967 |
| Employees | 3 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.61% |
| Return on Equity - YTD | 3.41% |
| Annual Interest Income | $71.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2020vs Q1 2019 | $8.6MM$8.9MM |
| Loans | Q1 2020vs Q1 2019 | $4.5MM$4.3MM |
| Deposits | Q1 2020vs Q1 2019 | $7.1MM$7.4MM |
| Equity Capital | Q1 2020vs Q1 2019 | $1.5MM$1.5MM |
| Loan Loss Allowance | Q1 2020vs Q1 2019 | $56.00K$53.00K |
| Unbacked Noncurrent Loans | Q1 2020vs Q1 2019 | $5.00K$13.00K |
| Real Estate Owned | Q1 2020vs Q1 2019 | $0$0 |