Credit union · NCUA insured
Electric Machinery Employees CU
A $8.6M credit union headquartered in Minneapolis, MN, with 748 members and 1 branch in Minnesota. Best rates: CDs 4.00% and savings 0.10% APY.
Electric Machinery Employees CU Carrot Score
61
Carrot Score
Higher than 4% of U.S. banks and credit unions
#91 of 97 in Minneapolis, MN-WI metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Electric Machinery Employees CU
Chartered by the State of Minnesota in 1947, Electric Machinery Employees Credit Union is a member-owned institution that has been serving its member-owners for more than 70 years.
- Headquarters
- 800 Central Ave NE, Minneapolis, MN 55413-2403
- NCUA charter
- 63988
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Employers and groups
- Employees of Bokers in Minneapolis are eligible to join the credit union.
- Employees of Electric Machinery Co. in Minneapolis are eligible to join the credit union.
- Employees of Timmerman Finishing in Fridley are eligible to join the credit union.
Family and household
- Spouses and relatives of current credit union members are eligible to join.
Branches
1 branch in Minnesota
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Minnesota
1 branch
- Electric Machinery Employees Credit UnionMain office800 Central Ave NE, Minneapolis, MN 55413Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 24.60% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 1.20% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | -0.38% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $58 | $59 | — |
- CapitalNet worth ratio24.60%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late1.20%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets-0.38%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$58Peers’ middle $59
Compared with the 2,478 credit unions with under $100 million in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Electric Machinery Employees CU are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.