IBEW Local 697 Federal Credit Union

Overview / Commentary
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 2,697th largest credit union in the nation. It was established in 1958 and as of September of 2019, it had grown to 4 employees and 2,585 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.
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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

NCUA #12745
Year Chartered1958
Primary Regulator
Profit Margin
Return on Assets - YTD-0.05%
Return on Equity - YTD-0.24%
Annual Interest Income$774.00K
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$34.7MM$34.1MM
LoansQ3 2019vs Q3 2018$14.3MM$11.9MM
DepositsQ3 2019vs Q3 2018$27.9MM$27.5MM
Equity CapitalQ3 2019vs Q3 2018$6.8MM$6.5MM
Loan Loss AllowanceQ3 2019vs Q3 2018$100.00K$101.00K
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$622.00K$450.00K
Real Estate OwnedQ3 2019vs Q3 2018$0$0
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IBEW Local 697 Federal Credit Union Savings Account Rates

1.50%--IRA Savings
0.40%$100-Share Savings

IBEW Local 697 Federal Credit Union Money Market Rates

1.40%$2k-Fund Manager

IBEW Local 697 Federal Credit Union Locations
Branch Office8121 Grand BlvdMerrillville, IN 46410

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