Rockford Municipal Employes Credit Union

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Overview / Commentary

www.rmecu.net

815-316-4655

634 N Church St
Rockford, IL 61103

Rockford Municipal Employes Credit Union is headquartered in Rockford and is the 111^th largest credit union in the state of Illinois. It is also the 3,428^th largest credit union in the nation. It was established in 1942 and as of March of 2017, it had grown to 5 employees and 2,480 members at 1 location. Rockford Municipal Employes Credit Union has a B health rating.

Field of Membership Restrictions

Membership 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

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. Rockford Municipal Employes Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #	62826
Year Chartered	1942
Employees	5
Primary Regulator

Profit Margin
Return on Assets - YTD	0%
Return on Equity - YTD	0%
Annual Interest Income	$131.00K

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$20.4MM$19.6MM
Loans	Q1 2017vs Q1 2016	$7.7MM$7.5MM
Deposits	Q1 2017vs Q1 2016	$18.2MM$17.5MM
Equity Capital	Q1 2017vs Q1 2016	$2.1MM$2.1MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$90.00K$84.00K
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$63.00K$63.00K
Real Estate Owned	Q1 2017vs Q1 2016	$0$0

Rates

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Rockford Municipal Employes Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.10%	-	-	Share Savings
0.10%	-	-	Christmas Club
0.10%	-	-	Vacation Club

Locations

Rockford Municipal Employes Credit Union Locations
Branch Office	634 N Church St	Rockford, IL 61103