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 73rd largest credit union in the state of Indiana. It is also the 2,723rd largest credit union in the nation. It was established in 1958 and as of March of 2018, it had grown to 4 employees and 2,939 members at 2 locations. IBEW Local 697 Federal Credit Union's money market rates are 36% 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
B

Data as of Q1 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 - YTD0.38%
Return on Equity - YTD2.03%
Annual Interest Income$219.00K
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$34.9MM$35.3MM
LoansQ1 2018vs Q1 2017$11.1MM$9.4MM
DepositsQ1 2018vs Q1 2017$28.4MM$28.8MM
Equity CapitalQ1 2018vs Q1 2017$6.5MM$6.4MM
Loan Loss AllowanceQ1 2018vs Q1 2017$84.00K$35.00K
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$478.00K$672.00K
Real Estate OwnedQ1 2018vs Q1 2017$0$0
Rates
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IBEW Local 697 Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%$200-IRA Savings
0.30%$100-Share Savings

IBEW Local 697 Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%$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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