Generations CU (IL)
LOCATIONS
1
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HEALTH RATING
B+
View health report
CURRENT TOP RATE
0.50% APY
5 Year Share Certificate
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Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 0.50% | 5-year CD | 5 Year Share Certificate 2.35% - Synchrony Bank 60 Month CD |
| 0.25% | 1-year CD | 1 Year Share Certificate 1.40% - Synchrony Bank 12 Month CD |
| 0.13% | Savings | Regular Share (Savings) |
Overview / Commentary
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.
See current membership details
Health
B+
Data as of Q1 2017
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 | 0.3% |
| Return on Equity - YTD | 1.99% |
| Annual Interest Income | $149.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $19.0MM$18.3MM |
| Loans | Q1 2017vs Q1 2016 | $9.9MM$9.0MM |
| Deposits | Q1 2017vs Q1 2016 | $16.0MM$15.3MM |
| Equity Capital | Q1 2017vs Q1 2016 | $2.8MM$2.9MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $117.00K$80.00K |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $88.00K$29.00K |
| Real Estate Owned | Q1 2017vs Q1 2016 | $0$0 |
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Generations CU (IL) Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.13% | - | - | Share Draft (Checking) |
Generations CU (IL) CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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 Office | 5618 Harrison Ave | Rockford, IL 61108 |