Olive View Employees Federal Credit Union
REVIEWS
Based on 1 review
HEALTH RATING
A
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CURRENT TOP RATE
2.01% APY
IRA Savings
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Overview / Commentary
Olive View Employees Federal Credit Union is headquartered in Sylmar and is the 192nd largest credit union in the state of California. It is also the 2,240th largest credit union in the nation. It was established in 1936 and as of September of 2020, it had grown to 6 employees and 5,723 members at 1 location. 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 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. Olive View Employees Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 1034 |
| Year Chartered | 1936 |
| Employees | 6 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.04% |
| Return on Equity - YTD | 5.37% |
| Annual Interest Income | $1.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2020vs Q3 2019 | $61.0MM$49.1MM |
| Loans | Q3 2020vs Q3 2019 | $22.8MM$21.4MM |
| Deposits | Q3 2020vs Q3 2019 | $49.5MM$38.3MM |
| Equity Capital | Q3 2020vs Q3 2019 | $11.3MM$10.7MM |
| Loan Loss Allowance | Q3 2020vs Q3 2019 | $184.00K$180.00K |
| Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $70.00K$38.00K |
| Real Estate Owned | Q3 2020vs Q3 2019 | $0$0 |