Overview / Commentary
Iron Workers Federal Credit Union is headquartered in Pittsburgh and is the 269th largest credit union in the state of Pennsylvania. It is also the 4,314th largest credit union in the nation. It was established in 1963 and as of September of 2019, it had grown to 2 employees and 3,733 members at 1 location. Iron Workers Federal Credit Union has a C health rating.
Field of Membership Restrictions
Membership in Iron Workers Federal Union is open to members of Iron Workers Local #3, Tree of Life or L*Smicha Congregation, Iron Workers Benefits Plan of Western Pennsylvania, St. Augustines Parish, or Wilkinsburg-Penn Joint Water Authority.
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. Iron Workers Federal Credit Union has a very low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 15797 |
| Year Chartered | 1963 |
| Employees | 2 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.49% |
| Return on Equity - YTD | 6.42% |
| Annual Interest Income | $165.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $6.9MM$6.0MM |
| Loans | Q3 2019vs Q3 2018 | $2.5MM$2.7MM |
| Deposits | Q3 2019vs Q3 2018 | $6.4MM$5.6MM |
| Equity Capital | Q3 2019vs Q3 2018 | $519.00K$472.00K |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $37.00K$44.00K |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $265.00K$254.00K |
| Real Estate Owned | Q3 2019vs Q3 2018 | $0$0 |