Generations CU (IL)
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 3,486th largest credit union in the nation. It was established in 1944 and as of December of 2017, it had grown to 4 employees and 1,868 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 Q4 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 | 0.16% |
| Return on Equity - YTD | 1.03% |
| Annual Interest Income | $624.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2017vs Q4 2016 | $18.3MM$18.5MM |
| Loans | Q4 2017vs Q4 2016 | $10.2MM$9.9MM |
| Deposits | Q4 2017vs Q4 2016 | $15.3MM$15.4MM |
| Equity Capital | Q4 2017vs Q4 2016 | $2.8MM$2.8MM |
| Loan Loss Allowance | Q4 2017vs Q4 2016 | $114.00K$95.00K |
| Unbacked Noncurrent Loans | Q4 2017vs Q4 2016 | $47.00K$58.00K |
| Real Estate Owned | Q4 2017vs Q4 2016 | $0$0 |
Rates
Sorry, we do not have rate data for Generations CU (IL).
Locations
| Generations CU (IL) Locations | ||
|---|---|---|
| Branch Office | 5618 Harrison Ave | Rockford, IL 61108 |