Featured Savings Rates
Featured Accounts

Gas And Electric Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.10%1-year CD12 Month CD
0.25%SavingsPrimary Share Savings
1.90%4-year CD48 Month CD

Overview / Commentary
309-793-3610
2300 4th Ave
Rock Island, IL 61201

Gas And Electric Credit Union is headquartered in ROCK ISLAND and is the 59th largest credit union in the state of Illinois. It is also the 1,916th largest credit union in the nation. It was established in 1935 and as of June of 2016, it had grown to 10 employees and 5,178 members at 2 locations. Gas And Electric Credit Union's CD rates are 22% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Gas and Electric Credit Union of Illinois is open to any resident within the City of Rock Island along with the current and retired employees of Peoples Power Company, MidAmerican Energy, BITCO Insurence, Illinois Casualty Company, the Rock Island Corps of Engineers, and Thomas Hammer,CPA as well as the family members of these eligible people.
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Health
B+
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. Gas And Electric Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #65003
Year Chartered1935
Employees10
Primary Regulator
Profit Margin
Return on Assets - YTD0.47%
Return on Equity - YTD4.5%
Annual Interest Income$1.1MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$71.4MM$65.7MM
LoansQ2 2016vs Q2 2015$43.7MM$42.4MM
DepositsQ2 2016vs Q2 2015$62.3MM$57.5MM
Equity CapitalQ2 2016vs Q2 2015$7.5MM$7.2MM
Loan Loss AllowanceQ2 2016vs Q2 2015$245.00K$292.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$252.00K$174.00K
Real Estate OwnedQ2 2016vs Q2 2015$50.00K$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.

Gas And Electric Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%--IRA Savings
1.00%--Roth IRA Savings
0.40%--Christmas Club Savings
0.25%--Primary Share Savings

Gas And Electric Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$25k*-Money Market Account
OTHER TIERS: 0.40% $2k - $10k | 0.45% $10k - $25k

Gas And Electric Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%-$25kGreen2 Checking
0.25%--Share Drafts

Gas And Electric Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.90%--48 Month CD
1.70%$500-36 Month CD
1.65%--30 Month CD
1.60%$500-24 Month CD
1.15%$500-18 Month CD
1.10%$500-12 Month CD
0.55%$500-6 Month CD

Gas And Electric Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.90%--48 Month IRA
1.70%--36 Month IRA
1.65%--30 Month IRA
1.60%--24 Month IRA
1.15%--18 Month IRA
1.10%--12 Month IRA
0.55%--6 Month IRA
Locations


Gas And Electric Credit Union Locations
Branch Office2300 4TH AVEROCK ISLAND, IL 61201
Branch OfficeRock Island Arsenal Clock Tower BuildingRock Island, IL 61201