2. IBEW Local 697 Federal Credit Union

IBEW Local 697 Federal Credit Union


Overview / Commentary
www.697fcu.org
219-845-6040
7200 Mississippi St Ste 400
Merrillville, IN 46410

IBEW 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 2,718th largest credit union in the nation. It was established in 1958 and as of December of 2018, it had grown to 4 employees and 2,919 members at 2 locations. IBEW Local 697 Federal Credit Union's money market rates are 3X 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
B

Data as of Q4 2018

Learn why bank health matters
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. IBEW 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 - YTD0.23%
Return on Equity - YTD1.2%
Annual Interest Income$948.00K
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$34.0MM$34.9MM
LoansQ4 2018vs Q4 2017$12.9MM$10.6MM
DepositsQ4 2018vs Q4 2017$27.4MM$28.3MM
Equity CapitalQ4 2018vs Q4 2017$6.6MM$6.6MM
Loan Loss AllowanceQ4 2018vs Q4 2017$90.00K$72.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$659.00K$562.00K
Real Estate OwnedQ4 2018vs Q4 2017$0$0
Rates
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IBEW Local 697 Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%--IRA Savings
0.40%$100-Share Savings

IBEW Local 697 Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%$2k-Fund Manager
Locations


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

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