Blackhawk Area Credit Union

Overview / Commentary
214 Main St
Savanna, IL 61074

Blackhawk Area Credit Union is headquartered in Savanna and is the 83rd largest credit union in the state of Illinois. It is also the 2,645th largest credit union in the nation. It was established in 1935 and as of March of 2021, it had grown to 13 employees and 4,198 members at 3 locations. Blackhawk Area Credit Union has a B health rating.

Field of Membership Restrictions

Blackhawk Area Credit Union (BACU) is open to those who live or work in Carroll, Lee, Ogle, Whiteside, JoDaviess, or Stephenson Counties in Illinois. Family of current members are also eligible to join.
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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. Blackhawk Area Credit Union has a low asset base.

Health Grade Components

NCUA #95042
Year Chartered1935
Primary Regulator
Profit Margin
Return on Assets - YTD0.38%
Return on Equity - YTD5.91%
Annual Interest Income$315.00K
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$43.7MM$34.4MM
LoansQ1 2021vs Q1 2020$24.6MM$22.3MM
DepositsQ1 2021vs Q1 2020$40.9MM$31.6MM
Equity CapitalQ1 2021vs Q1 2020$2.7MM$2.7MM
Loan Loss AllowanceQ1 2021vs Q1 2020$105.00K$138.00K
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$2.00K$66.00K
Real Estate OwnedQ1 2021vs Q1 2020$0$157.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Blackhawk Area Credit Union Savings Account Rates

0.10%--IRA Share
0.05%$25-Regular Shares
0.05%$25-Christmas Club
0.05%$25-Vacation Club
0.05%$5-Scottie Savers Account

Blackhawk Area Credit Union Money Market Rates

0.20%*$50k*-Money Market Checking Account
OTHER TIERS: 0.10% $2.5k - $30k | 0.15% $30k - $50k

Blackhawk Area Credit Union CD Rates

0.50%$500-60 Month CD
0.45%$500-48 Month CD
0.40%$500-36 Month CD
0.35%$500-24 Month CD
0.30%$500-18 Month CD
0.25%$500-12 Month CD
0.20%$500-6 Month CD
0.15%$500-3 Month CD

Blackhawk Area Credit Union IRA Rates

0.50%$500-60 Month IRA
0.45%$500-48 Month IRA
0.40%$500-36 Month IRA
0.35%$500-24 Month IRA
0.30%$500-18 Month IRA
0.25%$500-12 Month IRA
0.20%$500-6 Month IRA
0.15%$500-3 Month IRA

Blackhawk Area Credit Union Locations
Branch Office1555 S Float AveFreeport, IL 61032-6501
Branch Office201 E Dixon StPolo, IL 61064-1206
Branch Office214 Main StSavanna, IL 61074-1628

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