Sep, 30, 2025 — LOCAL 697 FEDERAL CREDIT UNION is a federal credit union headquartered in MERRILLVILLE, IN with 1 branch location and about $42.58 million in total assets. Opened 68 years ago in 1958, LOCAL 697 FEDERAL CREDIT UNION has about 3,218 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LOCAL 697 FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 7200 MISSISSIPPI ST STE 400 MERRILLVILLE, IN 46410 |
| Phone: | (219) 845-6040 |
| Fax: | (219) 972-6699 |
| Website: | https://www.697fcu.org |
| Branches: | 1 branch locations |
| Members: | 3,218 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12745 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Oct 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $42,582,514 |
| CEO/Manager: | Daniel F Simon |
| Chairperson: | DAVID SODERQUIST |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,234,513 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,022,038 |
| Unsecured Loans | 570,787 |
| Other Loans | 16,809,983 |
| TOTAL LOANS | 21,402,808 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -75,174 |
| Land And Building | 798,668 |
| Other Fixed Assets | 6,814 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 330,017 |
| All Other Assets | 0 |
| TOTAL ASSETS | 42,582,514 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 10,641 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,003,232 |
| Regular shares | 8,109,474 |
| All Other Shares & Deposits | 25,241,750 |
| TOTAL SHARES & DEPOSITS | 35,354,456 |
| TOTAL LIABILITIES | 35,365,097 |
| Regular Reserve | 0 |
| Other Reserves | 6,106,906 |
| Undivided Earnings | 1,110,511 |
| TOTAL EQUITY | 7,217,417 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 42,582,514 |
| INCOME & EXPENSE | |
| Loan Income | 817,325 |
| Investment Income | 528,422 |
| Other Income | 27,151 |
| Total Employee Compensation & Benefits | 382,171 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 312,530 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 36,000 |
| Cost of Funds | 662,950 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,748 |
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