Electrical Workers Local 58
Electrical Workers Local 58 is a credit union based in Detroit, Michigan, established in 1955, with $21 million in total assets serving 1,840 members. By Trust Grade it ranks 44th of 170 credit unions we track in Michigan. Its net worth ratio of 11.9% trails most similarly sized credit unions (32th percentile), versus a Michigan median of 11.7%. It was profitable over the most recent period, with a 1.47% return on assets. No consumer complaints against Electrical Workers Local 58 appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Electrical Workers Local 58 compares to Michigan peers
How we graded Electrical Workers Local 58
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (11.9% capital ratio)
- Strongly profitable (ROA 1.47%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Electrical Workers Local 58 over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Electrical Workers Local 58 insured?
Yes. Electrical Workers Local 58 is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Electrical Workers Local 58: frequently asked questions
Is Electrical Workers Local 58 a good credit union?
Electrical Workers Local 58 earns a Bankzia Trust Grade of A (98/100, "Excellent"), based on a financial-strength score of 98/100 (it has no CFPB complaints on record). Strongly capitalized (11.9% capital ratio); Strongly profitable (ROA 1.47%).
Is Electrical Workers Local 58 NCUA-insured?
Yes. Electrical Workers Local 58 is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.
How big is Electrical Workers Local 58?
Electrical Workers Local 58 holds $21 million in total assets, ranking 44th of 170 credit unions we track in Michigan. It serves 1,840 members.
Does Electrical Workers Local 58 have CFPB complaints?
No CFPB complaints against Electrical Workers Local 58 appear in our data over the analysis window, which is typical for a credit union of this size.
Similar Credit Unions
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
