Overview / Commentary
Gale Credit Union is headquartered in Galesburg and is the 64th largest credit union in the state of Illinois. It is also the 2,255th largest credit union in the nation. It was established in 1947 and as of March of 2025, it had grown to 17 employees and 4,781 members at 3 locations. Gale Credit Union has an A health rating.
Field of Membership Restrictions
Gale Credit Union of Illinois is open to the employees of the credit union affiliated select employer groups and partner companies that are listed on the credit union website along with the family members of current credit union members.
See current membership details
Health
A
Data as of Q1 2025
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. Gale Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 60327 |
| Year Chartered | 1947 |
| Employees | 17 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.23% |
| Return on Equity - YTD | 10.53% |
| Annual Interest Income | $779K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $61.8MM$61MM |
| Loans | Q1 2025vs Q1 2024 | $38MM$34.4MM |
| Deposits | Q1 2025vs Q1 2024 | $54.5MM$53.9MM |
| Equity Capital | Q1 2025vs Q1 2024 | $7.1MM$6.5MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $197K$258K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $69K$186K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |