Overview / Commentary
634 N Church St
Rockford, IL 61103

Rockford Municipal Employes Credit Union is headquartered in Rockford and is the 110th largest credit union in the state of Illinois. It is also the 3,381st largest credit union in the nation. It was established in 1942 and as of December of 2018, it had grown to 5 employees and 2,413 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.
See current membership details

Reviews (1)

Worst Banking Experience Of My Life!

Within a month and a half This bank has managed to give me more displeasure than any other institution I have ever banked with. Starting with their archaic antiquated online banking service That provides you with no ledger balance in addition to actual balance as every single modern bank does ,and followed up with not being able to use my card on 4 different occasion's Having my card Come back as declined with thousands of dollars in the account. Then there is the fact that they're just not open on the weekends with no 800 number to call. Direct deposit you ask? Sure your check will be deposited when someone is physically there to enter it into the system.... I warn you, STAY FAR AWAY FROM THIS CU.

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

NCUA #62826
Year Chartered1942
Primary Regulator
Profit Margin
Return on Assets - YTD0.82%
Return on Equity - YTD6.75%
Annual Interest Income$610.00K
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$19.4MM$19.6MM
LoansQ4 2018vs Q4 2017$8.6MM$7.9MM
DepositsQ4 2018vs Q4 2017$17.0MM$17.3MM
Equity CapitalQ4 2018vs Q4 2017$2.4MM$2.2MM
Loan Loss AllowanceQ4 2018vs Q4 2017$96.00K$106.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$39.00K$59.00K
Real Estate OwnedQ4 2018vs Q4 2017$0$0
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Rockford Municipal Employes Credit Union Savings Account Rates

0.15%$25-Share Savings
0.15%$5-Vacation Club
0.10%$5-Christmas Club

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

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