Gas And Electric Credit Union

Overview / Commentary
2300 4th Ave
Rock Island, IL 61201

Gas And Electric Credit Union is headquartered in ROCK ISLAND and is the 57th largest credit union in the state of Illinois. It is also the 1,817th largest credit union in the nation. It was established in 1935 and as of December of 2019, it had grown to 13 employees and 5,052 members at 2 locations. Gas And Electric Credit Union's money market rates are 3X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership in Gas And Electric Credit Union is open to employees of Peoples Power Company, the City of Rock Island, MidAmerican Energy, BITCO Insurance, Rock Island Corps of Engineers, Illinois Casualty Company, and Thomas Hammar, CPA
See current membership details

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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

NCUA #65003
Year Chartered1935
Primary Regulator
Profit Margin
Return on Assets - YTD0.28%
Return on Equity - YTD2.66%
Annual Interest Income$3.2MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$82.4MM$78.2MM
LoansQ4 2019vs Q4 2018$60.4MM$54.7MM
DepositsQ4 2019vs Q4 2018$72.7MM$69.5MM
Equity CapitalQ4 2019vs Q4 2018$8.5MM$7.8MM
Loan Loss AllowanceQ4 2019vs Q4 2018$463.00K$374.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$564.00K$186.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$0
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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

1.50%--IRA Savings
0.45%--Christmas Club Savings
0.25%$5-Primary Share Savings

Gas And Electric Credit Union Money Market Rates

1.50%*$250k*-Money Market Account
OTHER TIERS: 0.60% $2k - $10k | 0.75% $10k - $25k | 1.00% $25k - $100k | 1.40% $100k - $250k

Gas And Electric Credit Union Checking Account Rates

2.40%-$25kGreen2 Checking
0.25%--Share Drafts

Gas And Electric Credit Union CD Rates

1.75%$500-48 Month CD
1.70%$500-24 Month CD
1.65%$500-18 Month CD
1.60%$500-36 Month CD
1.55%$500-30 Month CD
1.45%$500-12 Month CD
1.45%$500-15 Month CD
0.10%$500-6 Month CD

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

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