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

Generations CU (IL) is headquartered in Rockford and is the 112th largest credit union in the state of Illinois. It is also the 3,438th largest credit union in the nation. It was established in 1944 and as of March of 2018, it had grown to 4 employees and 1,858 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
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 - YTD0.21%
Return on Equity - YTD1.41%
Annual Interest Income$158.00K
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$19.3MM$19.0MM
LoansQ1 2018vs Q1 2017$9.8MM$9.9MM
DepositsQ1 2018vs Q1 2017$16.2MM$16.0MM
Equity CapitalQ1 2018vs Q1 2017$2.8MM$2.8MM
Loan Loss AllowanceQ1 2018vs Q1 2017$109.00K$117.00K
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$31.00K$88.00K
Real Estate OwnedQ1 2018vs Q1 2017$0$0
Rates

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Locations


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

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