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  2. Generations CU (IL)

Generations CU (IL)

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.50%5-year CD5 Year Share Certificate
2.35% - Synchrony Bank 60 Month CDAdvertisement
0.25%1-year CD1 Year Share Certificate
1.40% - Synchrony Bank 12 Month CDAdvertisement
0.13%SavingsRegular Share (Savings)
1.15% - CIT Bank Spring Savings
View all Generations CU (IL) rates »

Overview / Commentary
www.generationscu.org
815-316-2900
5618 Harrison Ave
Rockford, IL 61108

Generations CU (IL) is headquartered in Rockford and is the 116th largest credit union in the state of Illinois. It is also the 3,511th largest credit union in the nation. It was established in 1944 and as of March of 2017, it had grown to 4 employees and 1,889 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.
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Health
B+

Data as of Q1 2017

Learn why bank health matters
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. Generations CU (IL) has a low asset base.

Health Grade Components

Overall
NCUA #60429
Year Chartered1944
Employees4
Primary Regulator
Profit Margin
Return on Assets - YTD0.3%
Return on Equity - YTD1.99%
Annual Interest Income$149.00K
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$19.0MM$18.3MM
LoansQ1 2017vs Q1 2016$9.9MM$9.0MM
DepositsQ1 2017vs Q1 2016$16.0MM$15.3MM
Equity CapitalQ1 2017vs Q1 2016$2.8MM$2.9MM
Loan Loss AllowanceQ1 2017vs Q1 2016$117.00K$80.00K
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$88.00K$29.00K
Real Estate OwnedQ1 2017vs Q1 2016$0$0
Rates
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Generations CU (IL) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%--Christmas Club
0.13%$25-Regular Share (Savings)
0.10%--Vacation Club
0.10%--Fortune Fund

Generations CU (IL) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.13%--Share Draft (Checking)

Generations CU (IL) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$1k-5 Year Share Certificate
0.30%$500-2 Year Share Certificate
0.25%$1k-90 Day Share Certificate
0.25%$4k-1 Year Share Certificate

Generations CU (IL) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$100-5 Year IRA Certificate
0.30%$100-2 Year IRA Certificate
0.25%$100-3 Month IRA Certificate
0.25%$100-1 Year IRA Certificate
Locations


Generations CU (IL) Locations
Branch Office5618 Harrison AveRockford, IL 61108