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 4,172nd largest credit union in the nation. It was established in 1967 and as of September of 2019, it had grown to 3 employees and 982 members at 1 location. Industrial Employees Credit Union's savings rates are 15% higher than the national average, and it has a C+ health rating.
Field of Membership Restrictions
Industrial Employees Credit Union of Iowa is open to current and retired employees of the Bemis Company.
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. 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 | 0.73% |
| Return on Equity - YTD | 4.19% |
| Annual Interest Income | $221.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $8.5MM$8.8MM |
| Loans | Q3 2019vs Q3 2018 | $4.5MM$4.1MM |
| Deposits | Q3 2019vs Q3 2018 | $6.9MM$7.3MM |
| Equity Capital | Q3 2019vs Q3 2018 | $1.5MM$1.4MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $54.00K$54.00K |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $2.00K$10.00K |
| Real Estate Owned | Q3 2019vs Q3 2018 | $0$0 |