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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 85th largest credit union in the state of Illinois. It is also the 2,726th largest credit union in the nation. It was established in 1935 and as of December of 2019, it had grown to 13 employees and 4,225 members at 3 locations. Blackhawk Area Credit Union has a C+ 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.
See current membership details

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Health
C+

Data as of Q4 2019

Learn why bank health matters
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 Chartered1935
Employees13
Primary Regulator
Profit Margin
Return on Assets - YTD0.33%
Return on Equity - YTD3.99%
Annual Interest Income$1.4MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$33.9MM$33.6MM
LoansQ4 2019vs Q4 2018$22.6MM$21.7MM
DepositsQ4 2019vs Q4 2018$31.0MM$30.8MM
Equity CapitalQ4 2019vs Q4 2018$2.7MM$2.7MM
Loan Loss AllowanceQ4 2019vs Q4 2018$146.00K$187.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$214.00K$338.00K
Real Estate OwnedQ4 2019vs Q4 2018$100.00K$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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 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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