Money | The ECCU hopes to pull up from a downgrade
by William McCleery
Posted 9/02/16, 01:00 am
The past decade has been a struggle for the California-based Evangelical Christian Credit Union, which provides financial banking services to churches, Christian organizations, missionaries, and consumers across the United States.
Last year the National Credit Union Administration (NCUA) downgraded the ECCU to “adequately capitalized” from the more desirable designation of “well capitalized” (defined as having a 7 percent or higher net worth ratio).