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

Modern Employees Federal Credit Union is headquartered in Owensboro and is the 53rd largest credit union in the state of Kentucky. It is also the 4,526th largest credit union in the nation. It was established in 1953 and as of June of 2018, it had grown to 3 employees and 837 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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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

NCUA #8940
Year Chartered1953
Primary Regulator
Profit Margin
Return on Assets - YTD0.46%
Return on Equity - YTD2.12%
Annual Interest Income$116.00K
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$6.0MM$6.1MM
LoansQ2 2018vs Q2 2017$4.0MM$3.7MM
DepositsQ2 2018vs Q2 2017$4.7MM$4.8MM
Equity CapitalQ2 2018vs Q2 2017$1.3MM$1.3MM
Loan Loss AllowanceQ2 2018vs Q2 2017$10.00K$10.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$1,000$6.00K
Real Estate OwnedQ2 2018vs Q2 2017$0$0
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Modern Employees Federal Credit Union Savings Account Rates

0.15%--Shares (Savings)

Modern Employees Federal Credit Union CD Rates

0.70%--24 Month Share Certificate
0.40%--12 Month Share Certificate
0.25%--6 Month Share Certificate
0.20%--90 Day Share Certificate

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

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