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Overview / Commentary
815-434-5860
311 E Joliet St
Ottawa, IL 61350-2211

Bakelite Credit Union is headquartered in Ottawa and is the 140th largest credit union in the state of Illinois. It is also the 3,967th largest credit union in the nation. It was established in 1953 and as of March of 2017, it had grown to 7 employees and 1,885 members at 2 locations. Bakelite Credit Union has a B health rating.

Field of Membership Restrictions

Membership in Bakelite Credit Union is open to anyone who resides or holds employment in these Illinois Towns, Manilius, Rutland, Ottawa, South Ottawa, Utica, LaSalle, and Peru, as well as their direct family members.
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Health
Additional 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. Bakelite Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #61471
Year Chartered1953
Employees7
Primary Regulator
Profit Margin
Return on Assets - YTD-0.69%
Return on Equity - YTD-5.84%
Annual Interest Income$65.00K
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$12.6MM$12.6MM
LoansQ1 2017vs Q1 2016$3.4MM$4.1MM
DepositsQ1 2017vs Q1 2016$10.9MM$10.9MM
Equity CapitalQ1 2017vs Q1 2016$1.4MM$1.6MM
Loan Loss AllowanceQ1 2017vs Q1 2016$29.00K$35.00K
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$67.00K$72.00K
Real Estate OwnedQ1 2017vs Q1 2016$0$0
Rates

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Locations


Bakelite Credit Union Locations
Branch Office311 E Joliet StOttawa, IL 61350-2211
Branch Office302 N Park StStreator, IL 61364-2229