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Overview / Commentary
219-845-6040
7200 Mississippi St Ste 400
Merrillville, IN 46410

Local 697 Federal Credit Union is headquartered in MERRILLVILLE and is the 74th largest credit union in the state of Indiana. It is also the 2,732nd largest credit union in the nation. It was established in 1958 and as of March of 2017, it had grown to 4 employees and 2,765 members at 2 locations. Local 697 Federal Credit Union's money market rates are 14% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

Membership is open to members of the International Brotherhood of Electrical Workers Local 697, employees of the Local 697 Apprenticeship and Training School, the Local 697 Pension Fund and NECA-IBEW Local 697 Health and Welfare Plan.
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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. Local 697 Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #12745
Year Chartered1958
Employees4
Primary Regulator
Profit Margin
Return on Assets - YTD0.02%
Return on Equity - YTD0.13%
Annual Interest Income$215.00K
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$35.3MM$34.6MM
LoansQ1 2017vs Q1 2016$9.4MM$8.2MM
DepositsQ1 2017vs Q1 2016$28.8MM$28.1MM
Equity CapitalQ1 2017vs Q1 2016$6.4MM$6.5MM
Loan Loss AllowanceQ1 2017vs Q1 2016$35.00K$30.00K
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$672.00K$646.00K
Real Estate OwnedQ1 2017vs Q1 2016$0$0
Rates
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Local 697 Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%$200-IRA Savings
0.15%$100-Share Savings

Local 697 Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$2k-Fund Manager
Locations


Local 697 Federal Credit Union Locations
Branch Office7200 MISSISSIPPI ST STE 400MERRILLVILLE, IN 46410
Branch Office8121 Grand BlvdMerrillville, IN 46410