Overview / Commentary
Latrobe Federal Credit Union is headquartered in Latrobe and is the 220th largest credit union in the state of Pennsylvania. It is also the 3,840th largest credit union in the nation. It was established in 1950 and as of March of 2020, it had grown to 4 employees and 2,010 members at 1 location. Latrobe Federal Credit Union has a B health rating.
Field of Membership Restrictions
Latrobe Federal Credit Union is open to employees of Bonarrigo Enterprises Inc., Airo Die Casting, Westmoreland County Airport, and over 30 local Select Employer Groups. Household members and family of current credit union members are also eligible.
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. Latrobe Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 6689 |
| Year Chartered | 1950 |
| Employees | 4 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.79% |
| Return on Equity - YTD | 6.76% |
| Annual Interest Income | $76.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2020vs Q1 2019 | $12.0MM$12.1MM |
| Loans | Q1 2020vs Q1 2019 | $4.1MM$4.3MM |
| Deposits | Q1 2020vs Q1 2019 | $10.6MM$10.7MM |
| Equity Capital | Q1 2020vs Q1 2019 | $1.4MM$1.4MM |
| Loan Loss Allowance | Q1 2020vs Q1 2019 | $9.00K$15.00K |
| Unbacked Noncurrent Loans | Q1 2020vs Q1 2019 | $43.00K$35.00K |
| Real Estate Owned | Q1 2020vs Q1 2019 | $0$0 |