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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 75th largest credit union in the state of Indiana. It is also the 2,727th largest credit union in the nation. It was established in 1958 and as of March of 2019, it had grown to 5 employees and 2,510 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

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.
See current membership details


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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-0.22%
Return on Equity - YTD-1.15%
Annual Interest Income$249.00K
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$34.8MM$34.9MM
LoansQ1 2019vs Q1 2018$13.7MM$11.1MM
DepositsQ1 2019vs Q1 2018$28.1MM$28.4MM
Equity CapitalQ1 2019vs Q1 2018$6.6MM$6.5MM
Loan Loss AllowanceQ1 2019vs Q1 2018$84.00K$84.00K
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$469.00K$478.00K
Real Estate OwnedQ1 2019vs Q1 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

1.50%$2k-Fund Manager

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

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