Morehead Community Federal Credit Union
Overview / Commentary
Morehead Community Federal Credit Union is headquartered in Morehead and is the 25th largest credit union in the state of Kentucky. It is also the 2,298th largest credit union in the nation. It was established in 1978 and as of March of 2025, it had grown to 11 employees and 4,326 members at 1 location. Morehead Community Federal Credit Union has an A health rating.
Field of Membership Restrictions
Membership to Morehead Community Federal Credit Union if open to anyone who lives, works, worships, or attends school in Rowan County, Kentucky.
See current membership details
Health
A
Data as of Q1 2025
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. Morehead Community Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 23070 |
| Year Chartered | 1978 |
| Employees | 11 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.66% |
| Return on Equity - YTD | 12.96% |
| Annual Interest Income | $728K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $58.6MM$54.2MM |
| Loans | Q1 2025vs Q1 2024 | $27.5MM$23.7MM |
| Deposits | Q1 2025vs Q1 2024 | $51MM$47.5MM |
| Equity Capital | Q1 2025vs Q1 2024 | $7.3MM$6.3MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $233K$179K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $112K$42K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |