Overview / Commentary
Legacy Credit Union is headquartered in Joplin and is the 64th largest credit union in the state of Missouri. It is also the 3,495th largest credit union in the nation. It was established in 1952 and as of December of 2019, it had grown to 3 employees and 1,628 members at 1 location. Legacy Credit Union has a B health rating.
Field of Membership Restrictions
Membership in Legacy Credit Union is open to the employees and their family members of these agencies, companies, and institutions: Southwest District of the Missouri Department of Transportation, Missouri Highway Patrol Troop D, the Jasper County Sheriffs Office, Missouri Southern State University, and the employees of the following cities: Carthage, Webb, Duquesne, and Joplin.
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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. Legacy Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 64708 |
| Year Chartered | 1952 |
| Employees | 3 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.86% |
| Return on Equity - YTD | 6.13% |
| Annual Interest Income | $548.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $17.0MM$17.8MM |
| Loans | Q4 2019vs Q4 2018 | $8.0MM$7.0MM |
| Deposits | Q4 2019vs Q4 2018 | $14.5MM$15.5MM |
| Equity Capital | Q4 2019vs Q4 2018 | $2.4MM$2.3MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $32.00K$20.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $66.00K$92.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |