Overview / Commentary
IAA Credit Union is headquartered in Bloomington and is the 29th largest credit union in the state of Illinois. It is also the 877th largest credit union in the nation. It was established in 1951 and as of March of 2020, it had grown to 38 employees and 16,963 members at 3 locations. IAA Credit Union has an A health rating.
Field of Membership Restrictions
Membership to IAA Credit Union is open to employees or members of American Farm Bureau Federation, Cargill Incorporated, Cornbelt Energy Corporation, Farm Credit Service, IAA Credit Union, Illinois Agricultural Association and Ralston Purina Company. Additionally, membership is offered to cooperative members and patrons of GROWMARK Inc., as well as, customers or agents of COUNTRY Financial,
See current membership details
Health
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 68423 |
| Year Chartered | 1951 |
| Employees | 38 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.23% |
| Return on Equity - YTD | 10.26% |
| Annual Interest Income | $2.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2020vs Q1 2019 | $284.8MM$264.3MM |
| Loans | Q1 2020vs Q1 2019 | $175.9MM$161.2MM |
| Deposits | Q1 2020vs Q1 2019 | $248.1MM$231.1MM |
| Equity Capital | Q1 2020vs Q1 2019 | $33.4MM$30.4MM |
| Loan Loss Allowance | Q1 2020vs Q1 2019 | $505.00K$494.00K |
| Unbacked Noncurrent Loans | Q1 2020vs Q1 2019 | $1.1MM$291.00K |
| Real Estate Owned | Q1 2020vs Q1 2019 | $0$0 |