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Modern Employees Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.40%1-year CD12 Month Share Certificate
0.15%SavingsShares (Savings)
0.70%2-year CD24 Month Share Certificate

Overview / Commentary
270-685-1025
1727 Moseley St
Owensboro, KY 42303-3830

Modern Employees Federal Credit Union is headquartered in Owensboro and is the 55th largest credit union in the state of Kentucky. It is also the 4,732nd largest credit union in the nation. It was established in 1953 and as of September of 2016, it had grown to 3 employees and 809 members at 1 location. Modern Employees Federal Credit Union has a B health rating.

Field of Membership Restrictions

Membership in Modern Employees Federal Credit Union is open to employees of Modern Welding Company.
See current membership details

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Health
Additional 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. Modern Employees Federal Credit Union has a very low asset base.

Health Grade Components

Overall
NCUA #8940
Year Chartered1953
Employees3
Primary Regulator
Profit Margin
Return on Assets - YTD0.07%
Return on Equity - YTD0.31%
Annual Interest Income$158.00K
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$6.0MM$5.3MM
LoansQ3 2016vs Q3 2015$3.7MM$3.5MM
DepositsQ3 2016vs Q3 2015$4.7MM$4.0MM
Equity CapitalQ3 2016vs Q3 2015$1.3MM$1.3MM
Loan Loss AllowanceQ3 2016vs Q3 2015$6.00K$13.00K
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$8.00K$0
Real Estate OwnedQ3 2016vs Q3 2015$0$0
Rates
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Modern Employees Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.55%--IRA
0.15%--Shares (Savings)

Modern Employees Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%--24 Month Share Certificate
0.40%--12 Month Share Certificate
0.25%--6 Month Share Certificate
0.20%--90 Day Share Certificate
Locations


Modern Employees Federal Credit Union Locations
Branch Office1727 Moseley StOwensboro, KY 42303-3830