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Overview / Commentary
309-343-1777
631 N Henderson St
Galesburg, IL 61401

Gale Credit Union is headquartered in Galesburg and is the 96th largest credit union in the state of Illinois. It is also the 3,051st largest credit union in the nation. It was established in 1947 and as of March of 2017, it had grown to 9 employees and 4,576 members at 1 location. Gale Credit Union has a C+ health rating.

Field of Membership Restrictions

Gale Credit Union of Illinois is open to the employees of the credit union affiliated select employer groups and partner companies that are listed on the credit union website along with the family members of current credit union members.
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Health
C+
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. Gale Credit Union has a low asset base, and a negative return on assets.

Health Grade Components

Overall
NCUA #60327
Year Chartered1947
Employees9
Primary Regulator
Profit Margin
Return on Assets - YTD-3.35%
Return on Equity - YTD-26.04%
Annual Interest Income$243.00K
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$27.8MM$27.5MM
LoansQ1 2017vs Q1 2016$12.9MM$13.5MM
DepositsQ1 2017vs Q1 2016$24.2MM$23.4MM
Equity CapitalQ1 2017vs Q1 2016$3.5MM$4.0MM
Loan Loss AllowanceQ1 2017vs Q1 2016$362.00K$104.00K
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$507.00K$333.00K
Real Estate OwnedQ1 2017vs Q1 2016$0$0
Rates

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Locations


Gale Credit Union Locations
Branch Office631 N Henderson StGalesburg, IL 61401