Blackhawk Area Credit Union

Overview / Commentary

www.bacu.org

815-273-4503

214 Main St
Savanna, IL 61074-1628

Blackhawk Area Credit Union is headquartered in Savanna and is the 86^th largest credit union in the state of Illinois. It is also the 2,739^th largest credit union in the nation. It was established in 1935 and as of March of 2019, it had grown to 13 employees and 4,351 members at 3 locations. Blackhawk Area Credit Union has a C+ health rating.

Field of Membership Restrictions

Membership is open to those who live or work in Carroll, Lee, Ogle, Whiteside, JoDaviess, and Stephenson Counties in Illinois.
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Health

C+

Data as of Q1 2019

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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

Overall
NCUA #	95042
Year Chartered	1935
Employees	13
Primary Regulator

Profit Margin
Return on Assets - YTD	0.44%
Return on Equity - YTD	5.37%
Annual Interest Income	$359.00K

Assets and Liabilities
Assets	Q1 2019vs Q1 2018	$34.3MM$34.3MM
Loans	Q1 2019vs Q1 2018	$21.5MM$20.7MM
Deposits	Q1 2019vs Q1 2018	$31.5MM$31.6MM
Equity Capital	Q1 2019vs Q1 2018	$2.8MM$2.6MM
Loan Loss Allowance	Q1 2019vs Q1 2018	$182.00K$135.00K
Unbacked Noncurrent Loans	Q1 2019vs Q1 2018	$339.00K$107.00K
Real Estate Owned	Q1 2019vs Q1 2018	$0$71.00K

Rates

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Savings
Money Market
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME
0.15%	-	-	IRA Share
0.10%	$25	-	Regular Shares
0.10%	$25	-	Christmas Club
0.10%	$25	-	Vacation Club
0.10%	$5	-	Scottie Savers Account

Blackhawk Area Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.40%^*	$50k^*	-	Money Market Checking Account
OTHER TIERS: 0.20% → $2.5k - $30k \| 0.30% → $30k - $50k

Blackhawk Area Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.50%	$500	-	60 Month CD
1.30%	$500	-	48 Month CD
1.20%	$500	-	36 Month CD
0.80%	$500	-	24 Month CD
0.70%	$500	-	18 Month CD
0.60%	$500	-	12 Month CD
0.50%	$500	-	6 Month CD
0.30%	$500	-	3 Month CD

Blackhawk Area Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.50%	$500	-	60 Month IRA
1.30%	$500	-	48 Month IRA
1.20%	$500	-	36 Month IRA
0.80%	$500	-	24 Month IRA
0.70%	$500	-	18 Month IRA
0.60%	$500	-	12 Month IRA
0.50%	$500	-	6 Month IRA
0.30%	$500	-	3 Month IRA

Locations

Blackhawk Area Credit Union Locations
Branch Office	1555 S Float Ave	Freeport, IL 61032-6501
Branch Office	201 E Dixon St	Polo, IL 61064-1206
Branch Office	214 Main St	Savanna, IL 61074-1628

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