IBEW Local 697 Federal Credit Union


Overview / Commentary
219-845-6040
7200 Mississippi St Ste 400
Merrillville, IN 46410

IBEW Local 697 Federal Credit Union is headquartered in MERRILLVILLE and is the 75th largest credit union in the state of Indiana. It is also the 2,572nd largest credit union in the nation. It was established in 1958 and as of March of 2025, it had grown to 4 employees and 3,217 members at 1 location. IBEW Local 697 Federal Credit Union's money market rates are 8X 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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Health
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 - YTD0.12%
Return on Equity - YTD0.68%
Annual Interest Income$450K
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$42.7MM$39.6MM
LoansQ1 2025vs Q1 2024$20.3MM$19.5MM
DepositsQ1 2025vs Q1 2024$35.7MM$32.9MM
Equity CapitalQ1 2025vs Q1 2024$7.1MM$6.6MM
Loan Loss AllowanceQ1 2025vs Q1 2024$71K$72K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$1MM$1.3MM
Real Estate OwnedQ1 2025vs Q1 2024$0$0
Rates
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IBEW Local 697 Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%$100-Share Savings

IBEW Local 697 Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.55%$2k-Fund Manager

IBEW Local 697 Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.55%$0-IRA Savings
Locations


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

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