Kennedy VA Employees Federal Credit Union
Overview / Commentary
Kennedy VA Employees Federal Credit Union is headquartered in Memphis and is the 87th largest credit union in the state of Tennessee. It is also the 3,193rd largest credit union in the nation. It was established in 1948 and as of December of 2019, it had grown to 5 employees and 2,807 members at 1 location. Kennedy VA Employees Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership to Kennedy VA Employees Federal Credit Union is open to employees of the Memphis Kennedy Veterans Administration Medical Center and their children, spouses, siblings and parents.
See current membership details
Health
B+
Data as of Q4 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. Kennedy VA Employees Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 5811 |
| Year Chartered | 1948 |
| Employees | 5 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.63% |
| Return on Equity - YTD | 4.59% |
| Annual Interest Income | $884.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $22.9MM$22.5MM |
| Loans | Q4 2019vs Q4 2018 | $13.3MM$13.1MM |
| Deposits | Q4 2019vs Q4 2018 | $19.6MM$19.3MM |
| Equity Capital | Q4 2019vs Q4 2018 | $3.2MM$3.0MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $82.00K$72.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $29.00K$55.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |