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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 73rd largest credit union in the state of Indiana. It is also the 2,716th largest credit union in the nation. It was established in 1958 and as of June of 2017, it had grown to 4 employees and 2,760 members at 2 locations. IBEW 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+
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 - YTD0.05%
Return on Equity - YTD0.28%
Annual Interest Income$444.00K
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$35.4MM$34.8MM
LoansQ2 2017vs Q2 2016$10.1MM$8.2MM
DepositsQ2 2017vs Q2 2016$29.0MM$28.3MM
Equity CapitalQ2 2017vs Q2 2016$6.4MM$6.6MM
Loan Loss AllowanceQ2 2017vs Q2 2016$44.00K$15.00K
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$487.00K$697.00K
Real Estate OwnedQ2 2017vs Q2 2016$0$0
Rates
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IBEW Local 697 Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%$200-IRA Savings
0.20%$100-Share Savings

IBEW Local 697 Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$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