Overview / Commentary
St. Michael’s Federal Credit Union is headquartered in Fall River and is the 62nd largest credit union in the state of Massachusetts. It is also the 1,955th largest credit union in the nation. It was established in 1953 and as of March of 2020, it had grown to 11 employees and 3,493 members at 3 locations. St. Michael’s Federal Credit Union's CD rates are 11% higher than the national average, and it has a B+ health rating.
Field of Membership Restrictions
St. Michaels Federal Credit Union offers membership to individuals who live, work, worship, or attend school in the Massachusetts communities of Assonet, Berkley, Dighton, Fall River, Freetown, Lakeville, Somerset, or Swansea.
See current membership details
Health
B+
Data as of Q1 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. St. Michael’s Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 8915 |
| Year Chartered | 1953 |
| Employees | 11 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.29% |
| Return on Equity - YTD | 14.35% |
| Annual Interest Income | $918.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2020vs Q1 2019 | $74.2MM$70.6MM |
| Loans | Q1 2020vs Q1 2019 | $65.8MM$61.2MM |
| Deposits | Q1 2020vs Q1 2019 | $67.5MM$62.6MM |
| Equity Capital | Q1 2020vs Q1 2019 | $6.6MM$5.9MM |
| Loan Loss Allowance | Q1 2020vs Q1 2019 | $173.00K$163.00K |
| Unbacked Noncurrent Loans | Q1 2020vs Q1 2019 | $354.00K$253.00K |
| Real Estate Owned | Q1 2020vs Q1 2019 | $0$0 |