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.
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.
See current membership details
Overall | |
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NCUA # | 12745 |
Year Chartered | 1958 |
Employees | 4 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.12% |
Return on Equity - YTD | 0.68% |
Annual Interest Income | $450K |
Assets and Liabilities | ||
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Assets | Q1 2025vs Q1 2024 | $42.7MM$39.6MM |
Loans | Q1 2025vs Q1 2024 | $20.3MM$19.5MM |
Deposits | Q1 2025vs Q1 2024 | $35.7MM$32.9MM |
Equity Capital | Q1 2025vs Q1 2024 | $7.1MM$6.6MM |
Loan Loss Allowance | Q1 2025vs Q1 2024 | $71K$72K |
Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $1MM$1.3MM |
Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not IBEW Local 697 Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
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0.35% | $100 | - | Share Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
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3.55% | $2k | - | Fund Manager |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
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3.55% | $0 | - | IRA Savings |
IBEW Local 697 Federal Credit Union Locations | ||
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Branch Office | 7200 MISSISSIPPI ST STE 400 | MERRILLVILLE, IN 46410 |