Credit union · NCUA insured
Local 697 FCU
A $47.5M credit union headquartered in Merrillville, IN, with 3,317 members and 1 branch in Indiana. Best rates: savings 3.45% APY.
Local 697 FCU Carrot Score
78
Carrot Score
Higher than 46% of U.S. banks and credit unions
#63 of 124 in Chicago, IL-IN metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Local 697 FCU
Local 697 Federal Credit Union is headquartered in Merrillville, Indiana.
- Headquarters
- 7200 Mississippi St Ste 400, Merrillville, IN 46410
- NCUA charter
- 12745
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Employers and groups
- Membership is open to regular and associate members of International Brotherhood of Electrical Workers Local 697.
- Membership is open to employees of the Local 697 Apprenticeship and Training School.
- Membership is open to The Local 697 Pension Fund.
- Membership is open to NECA-IBEW Local 697 Health and Welfare Plan.
- Membership is open to members and employees of the Northern Indiana Chapter of the National Electrical Contractors Association, Inc.
Family and household
- Immediate family of credit union members are eligible to join.
Cost to join
- A $6 minimum deposit is required for a Member Ownership Account upon joining.
Branches
1 branch in Indiana
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Indiana
1 branch
- Local 697 FCU OfficeMain office7200 Mississippi St, Ste 400, Merrillville, IN 46410Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 16.03% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 4.55% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 0.15% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $56 | $59 | — |
- CapitalNet worth ratio16.03%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late4.55%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets0.15%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$56Peers’ middle $59
Compared with the 2,478 credit unions with under $100 million in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Local 697 FCU are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.