Gale Credit Union
Overview / Commentary
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.
See current membership details
Health
C+
Data as of Q1 2017
Learn why bank health mattersAdditional 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 Chartered | 1947 |
| Employees | 9 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -3.35% |
| Return on Equity - YTD | -26.04% |
| Annual Interest Income | $243.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $27.8MM$27.5MM |
| Loans | Q1 2017vs Q1 2016 | $12.9MM$13.5MM |
| Deposits | Q1 2017vs Q1 2016 | $24.2MM$23.4MM |
| Equity Capital | Q1 2017vs Q1 2016 | $3.5MM$4.0MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $362.00K$104.00K |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $507.00K$333.00K |
| Real Estate Owned | Q1 2017vs Q1 2016 | $0$0 |
Rates
Sorry, we do not have rate data for Gale Credit Union.
Locations
| Gale Credit Union Locations | ||
|---|---|---|
| Branch Office | 631 N Henderson St | Galesburg, IL 61401 |