Rockford Municipal Employes Credit Union
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
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.
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 62826 |
| Year Chartered | 1942 |
| Employees | 5 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.82% |
| Return on Equity - YTD | 6.75% |
| Annual Interest Income | $610.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $19.4MM$19.6MM |
| Loans | Q4 2018vs Q4 2017 | $8.6MM$7.9MM |
| Deposits | Q4 2018vs Q4 2017 | $17.0MM$17.3MM |
| Equity Capital | Q4 2018vs Q4 2017 | $2.4MM$2.2MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $96.00K$106.00K |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $39.00K$59.00K |
| Real Estate Owned | Q4 2018vs Q4 2017 | $0$0 |
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Rockford Municipal Employes Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.15% | $25 | - | Share Savings | |
| 0.15% | $5 | - | Vacation Club | |
| 0.10% | $5 | - | Christmas Club |
| Rockford Municipal Employes Credit Union Locations | ||
|---|---|---|
| Branch Office | 634 N Church St | Rockford, IL 61103 |