Overview / Commentary
2 Rivers Area Credit Union is headquartered in Kankakee and is the 115th largest credit union in the state of Illinois. It is also the 3,369th largest credit union in the nation. It was established in 1951 and as of December of 2020, it had grown to 6 employees and 3,949 members at 1 location. 2 Rivers Area Credit Union has a C+ health rating.
Field of Membership Restrictions
You qualify for membership at 2 Rivers Area CU if you work or reside in Kankakee County, or if you are an employee at one of the following: Shapiro Developmental Center, Illinois Veterans in Manteno, or Fox Development Center. Thia eligibility status extends to include family members, household members, retirees of the stated establishments, and their widow's/widower's.
See current membership details
Health
C+
Data as of Q4 2020
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. 2 Rivers Area Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 62827 |
| Year Chartered | 1951 |
| Employees | 6 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.82% |
| Return on Equity - YTD | -7.78% |
| Annual Interest Income | $786.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $21.1MM$18.2MM |
| Loans | Q4 2020vs Q4 2019 | $12.7MM$10.6MM |
| Deposits | Q4 2020vs Q4 2019 | $18.3MM$15.3MM |
| Equity Capital | Q4 2020vs Q4 2019 | $2.2MM$2.5MM |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $263.00K$90.00K |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $325.00K$213.00K |
| Real Estate Owned | Q4 2020vs Q4 2019 | $0$0 |