Featured Savings Rates
Featured Accounts

Generations CU (IL)

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.50%5-year CD5 Year Share Certificate
0.25%1-year CD1 Year Share Certificate
0.13%SavingsRegular Share (Savings)

Overview / Commentary
815-316-2900
5618 Harrison Ave
Rockford, IL 61108

Generations CU (IL) is headquartered in Rockford and is the 117th largest credit union in the state of Illinois. It is also the 3,562nd largest credit union in the nation. It was established in 1944 and as of June of 2016, it had grown to 4 employees and 2,024 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

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Health
B+
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 - YTD-0.22%
Return on Equity - YTD-1.36%
Annual Interest Income$299.00K
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$18.1MM$17.1MM
LoansQ2 2016vs Q2 2015$9.3MM$8.7MM
DepositsQ2 2016vs Q2 2015$15.1MM$13.8MM
Equity CapitalQ2 2016vs Q2 2015$2.9MM$3.0MM
Loan Loss AllowanceQ2 2016vs Q2 2015$84.00K$93.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$44.00K$43.00K
Real Estate OwnedQ2 2016vs Q2 2015$0$0
Rates
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Generations CU (IL) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.32%--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