Overview / Commentary
Mosaic Federal Credit Union is headquartered in Harrisonburg and is the 78th largest credit union in the state of Virginia. It is also the 3,710th largest credit union in the nation. It was established in 1986 and as of December of 2020, it had grown to 7 employees and 4,330 members at 1 location. Mosaic Federal Credit Union has a C health rating.
Field of Membership Restrictions
Membership is open to those who live, work, attend school or worship in Harrisonburg, Virginia and to employees of Virginia Poultry Growers Co-op, Pilgrim's Pride Corporation, May Supply, Bowman Apple Products, or Valley Custom Homes.
See current membership details
Health
C
Data as of Q4 2020
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. Mosaic Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 24281 |
| Year Chartered | 1986 |
| Employees | 7 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.03% |
| Return on Equity - YTD | 0.39% |
| Annual Interest Income | $785.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $14.4MM$13.8MM |
| Loans | Q4 2020vs Q4 2019 | $10.2MM$11.9MM |
| Deposits | Q4 2020vs Q4 2019 | $13.4MM$12.8MM |
| Equity Capital | Q4 2020vs Q4 2019 | $1.0MM$1.0MM |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $42.00K$87.00K |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $246.00K$308.00K |
| Real Estate Owned | Q4 2020vs Q4 2019 | $0$0 |