Electric Machinery Employee Credit Union Minneapolis, Minnesota
Electric Machinery Employee Credit Union is a state-chartered credit union headquartered in Minneapolis, MN, established in 1946 (NCUA charter 63988), and it is regulated and insured by the NCUA. At Q2 2026 it reported 744 members and total assets of $8.4M (down 0.8% from Q2 2025), the 67th largest of 79 credit unions headquartered in Minnesota. Its net worth ratio was 24.60% at Q2 2026, in the well capitalized band.
Also written as Electric Machinery Employee CU
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Data as of · sourced from NCUA 5300 call reports. How we update
- Charter
- State-chartered credit union
- Regulator
- NCUA
- Deposit insurance
- NCUA (NCUSIF)
- NCUA charter number
- 63988
- Headquarters
- Minneapolis, MN
- Established
- 1946
- Total assets, Q2 2026
- $8.4M
- Assets vs Q2 2025
- -0.8%
- Members, Q2 2026
- 744
- Net worth ratio, Q2 2026
- 24.60%
- Latest call report
- Q2 2026, NCUA 5300 · Electric Machinery Employee Credit Union call report
- Asset rank in state
- 67th of 79 in Minnesota
- Routing number
- 291074418
- Branches
- 1
It has 84 fewer members than on June 30, 2025 (-10.1%). Its net worth ratio was up 0.16 percentage points from 24.44% on June 30, 2025. Used vehicle loans are its largest loan category, $1.3M of $3.7M in total loans on its June 30, 2026 filing. Its 60-day delinquency ratio of 1.20% is above the 0.86% median of the 2,162 credit unions with under $100M in assets for Q2 2026. Its 24.60% net worth ratio is above that band's 14.31% median.
Credit unions similar in size in Minnesota
Frequently asked about Electric Machinery Employee Credit Union
How big is Electric Machinery Employee Credit Union?
At Q2 2026 it reported total assets of $8.4M and 744 members.
Where is Electric Machinery Employee Credit Union headquartered?
It is headquartered in Minneapolis, MN, United States.
When was Electric Machinery Employee Credit Union founded?
It was established in 1946, per NCUA records.
Is Electric Machinery Employee Credit Union FDIC insured?
No. The FDIC insures banks, not credit unions. It is a federally insured credit union (NCUA charter 63988): member shares are insured by the National Credit Union Share Insurance Fund, run by the NCUA, up to $250,000 per member, per insured credit union, for each account ownership category, the same limit the FDIC applies to bank deposits.
Who regulates Electric Machinery Employee Credit Union?
It is a state-chartered credit union, supervised by its state credit union regulator and by the NCUA, which insures its shares.
Is Electric Machinery Employee Credit Union well capitalized?
Its net worth ratio was 24.60% at Q2 2026, in the well capitalized band. NCUA considers a credit union well capitalized at a net worth ratio of 7% or higher.
What is Electric Machinery Employee Credit Union's delinquency ratio?
Its delinquency ratio was 1.20% at Q2 2026: loans 60 or more days past due as a share of total loans.
What is Electric Machinery Employee Credit Union's loan-to-share ratio?
Its loan-to-share ratio was 58.27% at Q2 2026: total loans as a share of member shares and deposits.
Credit Union Profile
- Headquarters
- Minneapolis, MN 55413
- Charter Type
- State-chartered credit union
- Primary Regulator
- NCUA
- Insurance
- NCUSIF
- Established
- 1946
- NCUA Charter #
- 63988
- RSSD ID
- 64794
- Members
- 744
- Potential members
- 3,000
Size & Membership
Profitability
Q2 annualizedCapital & Asset Quality
Peer comparison: credit unions of similar size
It ranks against 2,479 credit unions with under $100M in assets, as of Q2 2026. It is in the top quartile on 1 of 7 ranked measures and in the bottom quartile on 2.
| Metric | This credit union | Peer median | Rank among peers |
|---|---|---|---|
| Net worth ratio Middle half of peers: 11.14% to 19.38% | 24.60% | 14.31% | 87th top |
| Return on assets Middle half of peers: 0.16% to 1.30% | 0.32% | 0.72% | 32nd below |
| Return on equity Middle half of peers: 1.04% to 8.69% | 1.29% | 4.74% | 27th below |
| Net interest margin Middle half of peers: 3.31% to 4.53% | 3.64% | 3.93% | 38th below |
| Efficiency ratio Middle half of peers: 68.03% to 91.60% | 93.24% | 79.83% | 23rd bottom |
| Cost of funds Middle half of peers: 0.37% to 1.23% | 1.43% | 0.78% | 19th bottom |
| Delinquency ratio Middle half of peers: 0.35% to 1.93% | 1.20% | 0.86% | 42nd below |
| Yield on assets Middle half of peers: 4.21% to 5.32% | 5.08% | 4.70% | 65th position only |
| Loan-to-share ratio Middle half of peers: 42.33% to 75.81% | 58.27% | 58.92% | 49th position only |
Quarterly trends
Last 6 quarters of 5300 filings. Under each chart, Q2 2026 against Q2 2025. How these charts are built
$8.4M total assets against $8.5M; $6.3M total shares and deposits against $6.3M; $3.7M total loans against $4.3M.
$2.1M net worth against $2.1M.
24.60% net worth ratio against 24.44%.
58.27% loan-to-share ratio against 68.35%.
1.20% delinquency ratio against 1.08%.
0.32% return on assets against -0.03%; 1.29% return on equity against -0.12%.
3.64% net interest margin against 3.38%.
744 members against 828.
Quarterly trend: last 6 quarters
| Quarter | Net worth ratio | ROA | Delinquency | Loan-to-share |
|---|---|---|---|---|
| June 30, 2026 | 24.60% | 0.32% | 1.20% | 58.27% |
| March 31, 2026 | 24.01% | -1.06% | 1.31% | 58.25% |
| December 31, 2025 | 24.58% | 0.29% | 1.01% | 61.64% |
| September 30, 2025 | 24.41% | 0.33% | 1.01% | 63.49% |
| June 30, 2025 | 24.44% | -0.03% | 1.08% | 68.35% |
| March 31, 2025 | 24.48% | -1.70% | 2.17% | 71.78% |
Scroll sideways to see every column.
Watch flags
Loans 60+ days delinquent exceed 1% of the loan book, above the typical credit-union range. Worth watching the trend in coming quarters. BankRegReports early-warning band.
How we read these figures
Glossary: net worth ratio, delinquency, ROA, loan-to-share. The net worth category is ours, from NCUA's 7% well and 6% adequately capitalized cutoffs. It is not NCUA's determination, which can differ. ROA, ROE and margin annualize the quarter; NCUA's Financial Performance Report annualizes the year to date (YTD). Peer rank interpolates size-band percentiles. Methodology.