Overview / Commentary
NET Credit Union is headquartered in Scranton and is the 34th largest credit union in the state of Pennsylvania. It is also the 1,018th largest credit union in the nation. It was established in 1941 and as of December of 2024, it had grown to 53 employees and 18,610 members at 3 locations. NET Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership in Net Credit Union is open to employees of Armor Holdings, Borough of Throop, Cinram International, Moses Taylor Hospital, and over 200 area Preferred Partner Group. Eligibility also extends to family and household members of current credit union members.
See current membership details
Health
B+
Data as of Q4 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 4792 |
| Year Chartered | 1941 |
| Employees | 53 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.15% |
| Return on Equity - YTD | 1.93% |
| Annual Interest Income | $12.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $303.7MM$274.5MM |
| Loans | Q4 2024vs Q4 2023 | $163.3MM$140.2MM |
| Deposits | Q4 2024vs Q4 2023 | $280.1MM$251.7MM |
| Equity Capital | Q4 2024vs Q4 2023 | $22.9MM$21MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $1.5MM$1.7MM |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $1.8MM$1MM |
| Real Estate Owned | Q4 2024vs Q4 2023 | $0$50K |