Rockford Municipal Employes Credit Union


Overview / Commentary
815-316-4655
634 N Church St
Rockford, IL 61103

Rockford Municipal Employes Credit Union is headquartered in Rockford and is the 100th largest credit union in the state of Illinois. It is also the 3,113th largest credit union in the nation. It was established in 1942 and as of March of 2025, it had grown to 4 employees and 2,200 members at 1 location. Rockford Municipal Employes Credit Union has a B health rating.

Field of Membership Restrictions

Rockford Municipal Employees Credit Union is open to employees of the City of Rockford, Rockford Township, County of Winnebago, Rockford Public Library, Board of Election Office, Northern Illinois Training Advisory Board, Cherry Valley Fire Protection District, The Greater Rockford Airport Authority, Public Safety Building, Rock River Training, CareAVan 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. Rockford Municipal Employes Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #62826
Year Chartered1942
Employees4
Primary Regulator
Profit Margin
Return on Assets - YTD3.03%
Return on Equity - YTD20.32%
Annual Interest Income$217K
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$23.2MM$24.6MM
LoansQ1 2025vs Q1 2024$9.9MM$10.6MM
DepositsQ1 2025vs Q1 2024$19.7MM$21.5MM
Equity CapitalQ1 2025vs Q1 2024$3.4MM$3.1MM
Loan Loss AllowanceQ1 2025vs Q1 2024$114K$59K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$25K$5K
Real Estate OwnedQ1 2025vs Q1 2024$0$0
Rates
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Rockford Municipal Employes Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$0-Share Savings
0.10%$5-Christmas Club
0.10%$5-Vacation Club
Locations


Rockford Municipal Employes Credit Union Locations
Branch Office634 N Church StRockford, IL 61103

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