IBEW Local 697 Federal Credit Union

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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 73^rd largest credit union in the state of Indiana. It is also the 2,735^th largest credit union in the nation. It was established in 1958 and as of September of 2018, it had grown to 4 employees and 2,984 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

Data as of Q3 2018

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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 Chartered	1958
Employees	4
Primary Regulator

Profit Margin
Return on Assets - YTD	0.33%
Return on Equity - YTD	1.74%
Annual Interest Income	$702.00K

Assets and Liabilities
Assets	Q3 2018vs Q3 2017	$34.1MM$35.1MM
Loans	Q3 2018vs Q3 2017	$11.9MM$10.4MM
Deposits	Q3 2018vs Q3 2017	$27.5MM$28.6MM
Equity Capital	Q3 2018vs Q3 2017	$6.5MM$6.5MM
Loan Loss Allowance	Q3 2018vs Q3 2017	$101.00K$69.00K
Unbacked Noncurrent Loans	Q3 2018vs Q3 2017	$450.00K$563.00K
Real Estate Owned	Q3 2018vs Q3 2017	$0$0

Rates

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IBEW Local 697 Federal Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.50%	-	-	IRA Savings
0.40%	$100	-	Share Savings

IBEW Local 697 Federal Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.50%	$2k	-	Fund Manager

Locations

IBEW Local 697 Federal Credit Union Locations
Branch Office	7200 MISSISSIPPI ST STE 400	MERRILLVILLE, IN 46410
Branch Office	8121 Grand Blvd	Merrillville, IN 46410

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