Neighbors Credit Union is headquartered in Saint Louis and is the 4th largest credit union in the state of Missouri. It is also the 674th largest credit union in the nation. It was established in 1928 and as of September of 2020, it had grown to 158 employees and 45,224 members at 10 locations. Neighbors Credit Union's money market rates are 70% higher than the national average, and it has an A health rating.
Field of Membership Restrictions
Neighbors Credit Union is open to individuals and their relatives who live or work in Madison, Monroe, or St. Clair Counties in Illinois, or St. Charles, Jefferson, St. Louis Counties or St. Louis City in Missouri. Employees of the following Select Employer Groups are also eligible: Allie Waste, Bi-State Development Agency, Costco, Culpeppers, Home Health Care of America, and career postal employees of the United States Postal Service in select areas of Missouri and Illinois, or any of the over 70 groups. (A complete list of SEGs is listed on the Credit Union's website)
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Great Local Bank
My husband and I have been using Neighbors Federal Credit Union for many years. It is an extremely convenient bank, and an absolute wonderful decision that we made. In the past, we always used Chase, and were only getting a .01% interest on our savings account. Our money was basically just sitting there and making no money whatsoever. With Neighbors, the return on our money is MUCH higher. The staff are all so friendly and helpful, and it's a smaller bank so we never have to wait in long lines, or for hours on the phone to speak with someone. Problems are solved fairly quickly, and it is only a mile down the road from our home. I tell all of our friends and family members to bank at Neighbors for it's convenience and it's ease of use. I don't think I could ever go back to a traditional big bank. Also, whenever we purchase a large item on our credit card, they immediately call us to make sure that we were the ones purchasing the item and that our card was not stolen! This is a huge relief because identity theft is becoming more and more widespread
Data as of Q3 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 62905 |
| Year Chartered | 1928 |
| Employees | 158 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.05% |
| Return on Equity - YTD | -0.37% |
| Annual Interest Income | $11.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2020vs Q3 2019 | $466.9MM$397.2MM |
| Loans | Q3 2020vs Q3 2019 | $275.7MM$260.9MM |
| Deposits | Q3 2020vs Q3 2019 | $376.9MM$302.8MM |
| Equity Capital | Q3 2020vs Q3 2019 | $63.7MM$61.0MM |
| Loan Loss Allowance | Q3 2020vs Q3 2019 | $2.1MM$1.8MM |
| Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $1.6MM$3.7MM |
| Real Estate Owned | Q3 2020vs Q3 2019 | $1.9MM$209.00K |