Gale Credit Union
Overview / Commentary
Gale Credit Union is headquartered in Galesburg and is the 93rd largest credit union in the state of Illinois. It is also the 2,999th largest credit union in the nation. It was established in 1947 and as of March of 2018, it had grown to 9 employees and 4,348 members at 1 location. Gale Credit Union has a B+ 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
B+
Data as of Q1 2018
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.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 60327 |
| Year Chartered | 1947 |
| Employees | 9 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.63% |
| Return on Equity - YTD | 4.98% |
| Annual Interest Income | $238.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2018vs Q1 2017 | $28.3MM$27.8MM |
| Loans | Q1 2018vs Q1 2017 | $12.0MM$12.9MM |
| Deposits | Q1 2018vs Q1 2017 | $24.7MM$24.2MM |
| Equity Capital | Q1 2018vs Q1 2017 | $3.5MM$3.5MM |
| Loan Loss Allowance | Q1 2018vs Q1 2017 | $389.00K$362.00K |
| Unbacked Noncurrent Loans | Q1 2018vs Q1 2017 | $225.00K$507.00K |
| Real Estate Owned | Q1 2018vs Q1 2017 | $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 |