Sep, 30, 2025 — ROCKFORD MUNICIPAL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in ROCKFORD, IL with 1 branch location and about $22.82 million in total assets. Opened 84 years ago in 1942, ROCKFORD MUNICIPAL EMPLOYEES CREDIT UNION has about 2,136 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ROCKFORD MUNICIPAL EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 634 N Church St ROCKFORD, IL 61103 |
| Phone: | (815) 316-4655 |
| Fax: | (815) 316-4717 |
| Website: | https://www.rmecu.net |
| Branches: | 1 branch locations |
| Members: | 2,136 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62826 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1942 |
| Last Audited: | Aug 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $22,817,572 |
| CEO/Manager: | Jody- Mernack |
| Chairperson: | Wally Parson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,673,074 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 864,037 |
| Unsecured Loans | 1,054,268 |
| Other Loans | 8,122,344 |
| TOTAL LOANS | 10,040,649 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -134,431 |
| Land And Building | 417,278 |
| Other Fixed Assets | 1,294 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 191,914 |
| All Other Assets | 22,874 |
| TOTAL ASSETS | 22,817,572 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 49,619 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,935,984 |
| Regular shares | 17,027,492 |
| All Other Shares & Deposits | 229,186 |
| TOTAL SHARES & DEPOSITS | 19,192,663 |
| TOTAL LIABILITIES | 19,242,282 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,575,290 |
| TOTAL EQUITY | 3,575,290 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 22,817,572 |
| INCOME & EXPENSE | |
| Loan Income | 428,596 |
| Investment Income | 264,263 |
| Other Income | 50,526 |
| Total Employee Compensation & Benefits | 209,532 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 264,286 |
| Non-operating Income & (Expense) | 81,702 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 25,000 |
| Cost of Funds | 13,062 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 424,566 |
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