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

Modern Employees Federal Credit Union is headquartered in Owensboro and is the 52nd largest credit union in the state of Kentucky. It is also the 4,482nd largest credit union in the nation. It was established in 1953 and as of December of 2018, it had grown to 3 employees and 826 members at 1 location. Modern Employees Federal Credit Union has a C+ health rating.

Field of Membership Restrictions

Membership in Modern Employees Federal Credit Union is open to employees of Modern Welding Company.
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Health
C+
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 - YTD0.35%
Return on Equity - YTD1.58%
Annual Interest Income$240.00K
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$5.9MM$5.9MM
LoansQ4 2018vs Q4 2017$4.1MM$3.9MM
DepositsQ4 2018vs Q4 2017$4.5MM$4.5MM
Equity CapitalQ4 2018vs Q4 2017$1.3MM$1.3MM
Loan Loss AllowanceQ4 2018vs Q4 2017$11.00K$10.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$134.00K$0
Real Estate OwnedQ4 2018vs Q4 2017$0$0
Rates
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Modern Employees Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.55%--IRA's
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

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