Overview / Commentary
Generations CU (IL) is headquartered in Rockford and is the 101st largest credit union in the state of Illinois. It is also the 3,117th largest credit union in the nation. It was established in 1944 and as of March of 2025, it had grown to 5 employees and 2,161 members at 2 locations. 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 2025
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 | 5 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.46% |
| Return on Equity - YTD | 3.05% |
| Annual Interest Income | $253K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $23MM$22.8MM |
| Loans | Q1 2025vs Q1 2024 | $10.5MM$11.1MM |
| Deposits | Q1 2025vs Q1 2024 | $19.4MM$19.2MM |
| Equity Capital | Q1 2025vs Q1 2024 | $3.4MM$3.4MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $200K$225K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $45K$15K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |