Select Employees Credit Union (IL)
Overview / Commentary
Select Employees Credit Union (IL) is headquartered in Sterling and is the 61st largest credit union in the state of Illinois. It is also the 2,123rd largest credit union in the nation. It was established in 1957 and as of March of 2025, it had grown to 12 employees and 5,689 members at 1 location. Select Employees Credit Union (IL) has an A health rating.
Field of Membership Restrictions
Membership is open to employees of Amboy District, Murphy Saunders, Bay Valley Foods, Newman Schools, Bi County Education Association, Ogle-Lee County Schools, Brooke Insurance, Pete Harkness Auto Group, CGH Medical Center, Illinois Department of Transportation, Illinois Department of Public Aid, and over 40 other area member groups.
See current membership details
Health
A
Data as of Q1 2025
Learn why bank health mattersAdditional 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. Select Employees Credit Union (IL) has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 60531 |
| Year Chartered | 1957 |
| Employees | 12 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.35% |
| Return on Equity - YTD | 19.34% |
| Annual Interest Income | $840K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $72.2MM$68.6MM |
| Loans | Q1 2025vs Q1 2024 | $46.5MM$38.5MM |
| Deposits | Q1 2025vs Q1 2024 | $63.4MM$60.9MM |
| Equity Capital | Q1 2025vs Q1 2024 | $8.5MM$7.1MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $452K$530K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $262K$272K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |