Kennedy VA Employees Federal Credit Union
LOCATIONS
1
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HEALTH RATING
B+
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CURRENT TOP RATE
1.00% APY
12 Month CD
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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 3,175th largest credit union in the nation. It was established in 1948 and as of March of 2020, it had grown to 5 employees and 2,822 members at 1 location. Kennedy VA Employees Federal Credit Union's CD rates are 11% higher than the national average, and it 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.
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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. 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 | 1.43% |
| Return on Equity - YTD | 10.24% |
| Annual Interest Income | $224.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2020vs Q1 2019 | $23.6MM$22.7MM |
| Loans | Q1 2020vs Q1 2019 | $13.7MM$12.9MM |
| Deposits | Q1 2020vs Q1 2019 | $20.3MM$19.5MM |
| Equity Capital | Q1 2020vs Q1 2019 | $3.2MM$3.0MM |
| Loan Loss Allowance | Q1 2020vs Q1 2019 | $52.00K$54.00K |
| Unbacked Noncurrent Loans | Q1 2020vs Q1 2019 | $24.00K$20.00K |
| Real Estate Owned | Q1 2020vs Q1 2019 | $0$0 |