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

Local 697 Federal Credit Union is headquartered in MERRILLVILLE and is the 74^th largest credit union in the state of Indiana. It is also the 2,732^nd largest credit union in the nation. It was established in 1958 and as of March of 2017, it had grown to 4 employees and 2,765 members at 2 locations. Local 697 Federal Credit Union's money market rates are 14% 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 2017

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. 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	0.02%
Return on Equity - YTD	0.13%
Annual Interest Income	$215.00K

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$35.3MM$34.6MM
Loans	Q1 2017vs Q1 2016	$9.4MM$8.2MM
Deposits	Q1 2017vs Q1 2016	$28.8MM$28.1MM
Equity Capital	Q1 2017vs Q1 2016	$6.4MM$6.5MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$35.00K$30.00K
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$672.00K$646.00K
Real Estate Owned	Q1 2017vs Q1 2016	$0$0

Rates

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Local 697 Federal Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.60%	$200	-	IRA Savings
0.15%	$100	-	Share Savings

Local 697 Federal Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.50%	$2k	-	Fund Manager

Locations

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