Olive View Employees Federal Credit Union
Overview / Commentary
Olive View Employees Federal Credit Union is headquartered in Sylmar and is the 185th largest credit union in the state of California. It is also the 2,186th largest credit union in the nation. It was established in 1936 and as of September of 2022, it had grown to 5 employees and 5,495 members at 2 locations. Olive View Employees Federal Credit Union has an A health rating.
Reviews (1)
True To The Values Of Credit Unions.
Posted by: El Toro Dave | Jan 13, 2021
Just called to see if I could qualify for their field of membership. No luck! But I must congratulate them for taking care of their Community: 2% for IRA deposits is far and above anything available anywhere else in the Country.
The members own the credit union and this credit union is rewarding them where it counts.
Congratulations to all involved.
Health
A
Data as of Q3 2022
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. Olive View Employees Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 1034 |
| Year Chartered | 1936 |
| Employees | 5 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.18% |
| Return on Equity - YTD | 6.58% |
| Annual Interest Income | $1.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2022vs Q3 2021 | $70.8MM$68.1MM |
| Loans | Q3 2022vs Q3 2021 | $29.1MM$26.2MM |
| Deposits | Q3 2022vs Q3 2021 | $57.9MM$56.1MM |
| Equity Capital | Q3 2022vs Q3 2021 | $12.7MM$11.9MM |
| Loan Loss Allowance | Q3 2022vs Q3 2021 | $261.00K$293.00K |
| Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $165.00K$71.00K |
| Real Estate Owned | Q3 2022vs Q3 2021 | $0$0 |