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Overview / Commentary
508 W State St
Sycamore, IL 60178

Illinois Community Credit Union is headquartered in SYCAMORE and is the 52nd largest credit union in the state of Illinois. It is also the 1,692nd largest credit union in the nation. It was established in 1935 and as of March of 2014, it had grown to 36 employees and 14,144 members. Illinois Community Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live or work within 25 miles of any of the ICCU Branch. Relatives of ICCU members can also join the credit union. - See Details

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Health

Data for Q1 2014

Institution Health

B+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Illinois Community Credit Union has a relatively low asset base.

Texas Ratio

GRADE:
A

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Illinois Community Credit Union had $1.31 million in non-current loans and owned real-estate with $12.67 million in equity and loan loss allowances on hand to cover it. This gives Illinois Community Credit Union a Texas Ratio of 10.32% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for Illinois Community Credit Union decreased dramatically from 16.88% as of March 31, 2013 to 10.32% as of March 31, 2014, resulting in a positive change of 38.87%.This indicates that the balance sheet and financial strength for Illinois Community Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
F

In the past year, Illinois Community Credit Union has decreased its total deposits by -$13.94 million, resulting in -15.4% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Illinois Community Credit Union has shown is poor.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Illinois Community Credit Union has $84.8 million in assets with $12.67 million in equity, resulting in a capitalization level of 14.94%, which is excellent.

Institution Statistics

Overall
NCUA #61634
Year Chartered1935
Employees36
Primary Regulator
Assets and Liabilities
Assets$84.80 million
Loans$57.07 million
Deposits$76.59 million
Equity Capital$7.65 million
Loan Loss Allowance$5.02 million
Unbacked Noncurrent Loans$1.19 million
Real Estate Owned$120,000
Historic Data - March 2013
Assets$100.99 million
Equity Capital$9.73 million
Loan Loss Allowance$3.12 million
Unbacked Noncurrent Loans$1.19 million
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets1.83%
Return on Equity20.23%
Interest Income$1.39 million
Rates
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Illinois Community Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Prime Share Account
0.05%--Club Account
0.05%--Traditional IRA Savings Account
0.05%--Roth IRA Savings Account

Illinois Community Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$5k-Prestige Checking Account

Illinois Community Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.51%$1k-60 Month CD
1.51%$500-60 Month Youth CD
1.26%$1k-48 Month CD
1.26%$500-48 Month Youth CD
1.00%$1k-36 Month CD
1.00%$500-36 Month Youth CD
0.40%$1k-24 Month CD
0.40%$1k-30 Month CD
0.40%$500-24 Month Youth CD
0.40%$500-30 Month Youth CD
0.25%$1k-18 Month CD
0.25%$500-18 Month Youth CD
0.20%$1k-12 Month CD
0.20%$500-12 Month Youth CD
0.10%$1k-5 Month CD
0.10%$1k-6 Month CD
0.10%$500-5 Month Youth CD
0.10%$500-6 Month Youth CD
0.04%$1k-3 Month CD
0.04%$500-3 Month Youth CD

Illinois Community Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.51%$1k-60 Month IRA CD
1.26%$1k-48 Month IRA CD
1.00%$1k-36 Month IRA CD
0.40%$1k-24 Month IRA CD
0.40%$1k-30 Month IRA CD
0.25%$1k-18 Month IRA CD
0.20%$1k-12 Month IRA CD
Locations


Illinois Community Credit Union Locations
Branch Office4227 MARAY DRROCKFORD, IL 61107
Branch Office501 W MAIN STGENOA, IL 60135-5404
Branch Office6 W MAIN STPLANO, IL 60545-1429
Branch Office1500 BARBER GREENE RDDEKALB, IL 60115-7900
Branch Office508 W STATE STSYCAMORE, IL 60178-1328
Branch Office820 S 7TH STROCHELLE, IL 61068-9307