Overview / Commentary
Signet Federal Credit Union is headquartered in Paducah and is the 10th largest credit union in the state of Kentucky. It is also the 937th largest credit union in the nation. It was established in 1982 and as of September of 2022, it had grown to 48 employees and 18,940 members at 7 locations. Signet Federal Credit Union has an A+ health rating.
Field of Membership Restrictions
Membership is open to those who live, work, worship, attend school or volunteer or in Ballard, Calloway, Carlisle, Crittenden, Fulton, Graves, Hickman, Livingston, Lyon, Marshall or McCracken County.
See current membership details
Health
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 23949 |
| Year Chartered | 1982 |
| Employees | 48 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.69% |
| Return on Equity - YTD | 4.86% |
| Annual Interest Income | $5.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2022vs Q3 2021 | $330.5MM$316.3MM |
| Loans | Q3 2022vs Q3 2021 | $159.0MM$134.0MM |
| Deposits | Q3 2022vs Q3 2021 | $282.2MM$263.9MM |
| Equity Capital | Q3 2022vs Q3 2021 | $47.5MM$51.7MM |
| Loan Loss Allowance | Q3 2022vs Q3 2021 | $733.00K$921.00K |
| Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $823.00K$425.00K |
| Real Estate Owned | Q3 2022vs Q3 2021 | $0$0 |