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 2,720th largest credit union in the nation. It was established in 1958 and as of June of 2019, it had grown to 4 employees and 2,557 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
Local 697 Federal Credit Union 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. Eligibility also extends to immediate family, and Northern Indiana Chapter of the National Electrical Contractors Association, Inc.
See current membership details
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 12745 |
| Year Chartered | 1958 |
| Employees | 4 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.12% |
| Return on Equity - YTD | -0.62% |
| Annual Interest Income | $504.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $34.6MM$35.1MM |
| Loans | Q2 2019vs Q2 2018 | $13.9MM$11.6MM |
| Deposits | Q2 2019vs Q2 2018 | $27.9MM$28.5MM |
| Equity Capital | Q2 2019vs Q2 2018 | $6.7MM$6.5MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $86.00K$70.00K |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $753.00K$543.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not IBEW Local 697 Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
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 |
| 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 |