Overview / Commentary
5618 Harrison Ave
Rockford, IL 61108

Generations CU (IL) is headquartered in Rockford and is the 115th largest credit union in the state of Illinois. It is also the 3,460th largest credit union in the nation. It was established in 1944 and as of June of 2018, it had grown to 4 employees and 1,881 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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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

NCUA #60429
Year Chartered1944
Primary Regulator
Profit Margin
Return on Assets - YTD0.16%
Return on Equity - YTD1.06%
Annual Interest Income$324.00K
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$18.7MM$19.4MM
LoansQ2 2018vs Q2 2017$9.8MM$9.7MM
DepositsQ2 2018vs Q2 2017$15.6MM$16.3MM
Equity CapitalQ2 2018vs Q2 2017$2.8MM$2.8MM
Loan Loss AllowanceQ2 2018vs Q2 2017$115.00K$131.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$57.00K$74.00K
Real Estate OwnedQ2 2018vs Q2 2017$0$0

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

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