Generations CU (IL)
Overview / Commentary
Generations CU (IL) is headquartered in Rockford and is the 112th largest credit union in the state of Illinois. It is also the 3,438th largest credit union in the nation. It was established in 1944 and as of March of 2018, it had grown to 4 employees and 1,858 members at 1 location. Generations CU (IL) has a B health rating.
Field of Membership Restrictions
Generations Credit Union of Illinois is open to the residents and the people that maintain employment within these qualified counties: Boone, Dekalb, Ogle, Stephenson, and Winnebago.
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. Generations CU (IL) has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 60429 |
| Year Chartered | 1944 |
| Employees | 4 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.21% |
| Return on Equity - YTD | 1.41% |
| Annual Interest Income | $158.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2018vs Q1 2017 | $19.3MM$19.0MM |
| Loans | Q1 2018vs Q1 2017 | $9.8MM$9.9MM |
| Deposits | Q1 2018vs Q1 2017 | $16.2MM$16.0MM |
| Equity Capital | Q1 2018vs Q1 2017 | $2.8MM$2.8MM |
| Loan Loss Allowance | Q1 2018vs Q1 2017 | $109.00K$117.00K |
| Unbacked Noncurrent Loans | Q1 2018vs Q1 2017 | $31.00K$88.00K |
| Real Estate Owned | Q1 2018vs Q1 2017 | $0$0 |
Rates
Sorry, we do not have rate data for Generations CU (IL).
Locations
| Generations CU (IL) Locations | ||
|---|---|---|
| Branch Office | 5618 Harrison Ave | Rockford, IL 61108 |