Featured Savings Rates
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IEC Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.35%SavingsRegular Share Savings
0.65%Money MarketMoney Market Account
0.30%CheckingRegular Checking

Overview / Commentary
217-529-6045
6460 6Th Street Frontage Rd E
Springfield, IL 62712

IEC Federal Credit Union is headquartered in Springfield and is the 147th largest credit union in the state of Illinois. It is also the 4,099th largest credit union in the nation. It was established in 1970 and as of June of 2017, it had grown to 3 employees and 1,701 members at 1 location. IEC Federal Credit Union's money market rates are 48% higher than the national average, and it has a B health rating.

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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. IEC Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #20028
Year Chartered1970
Employees3
Primary Regulator
Profit Margin
Return on Assets - YTD-0.86%
Return on Equity - YTD-6.27%
Annual Interest Income$136.00K
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$11.1MM$11.3MM
LoansQ2 2017vs Q2 2016$7.3MM$6.6MM
DepositsQ2 2017vs Q2 2016$9.4MM$9.5MM
Equity CapitalQ2 2017vs Q2 2016$1.5MM$1.6MM
Loan Loss AllowanceQ2 2017vs Q2 2016$14.00K$8.00K
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$13.00K$30.00K
Real Estate OwnedQ2 2017vs Q2 2016$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

IEC Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$10k*-Regular Share Savings
OTHER TIERS: 0.15% Up to $1k | 0.25% $1k - $10k
0.35%*$10k*-Club Accounts
OTHER TIERS: 0.15% Up to $1k | 0.25% $1k - $10k

IEC Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%*$50k*-Money Market Account
OTHER TIERS: 0.15% Up to $2,500 | 0.35% $2,500 - $25k | 0.50% $25k - $50k

IEC Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$50k*-Regular Checking
OTHER TIERS: 0.10% Up to $2,500 | 0.20% $2,500 - $25k | 0.25% $25k - $50k
Locations


IEC Federal Credit Union Locations
Branch Office6460 6th Street Frontage Rd ESpringfield, IL 62712-6820