Local 697
Local 697 is a credit union based in Merrillville, Indiana, established in 1958, with $48 million in total assets serving 3,317 members. By Trust Grade it ranks 82nd of 124 credit unions we track in Indiana. Its net worth ratio of 16.4% is stronger than 63% of similarly sized credit unions, versus a Indiana median of 12.8%. It was profitable over the most recent period, with a 0.03% return on assets. No consumer complaints against Local 697 appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Local 697 compares to Indiana peers
How we graded Local 697
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (16.4% capital ratio)
- Profitable (ROA 0.03%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Local 697 over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Local 697 insured?
Yes. Local 697 is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Local 697: frequently asked questions
Is Local 697 a good credit union?
Local 697 earns a Bankzia Trust Grade of A (90/100, "Excellent"), based on a financial-strength score of 90/100 (it has no CFPB complaints on record). Strongly capitalized (16.4% capital ratio); Profitable (ROA 0.03%).
Is Local 697 NCUA-insured?
Yes. Local 697 is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.
How big is Local 697?
Local 697 holds $48 million in total assets, ranking 82nd of 124 credit unions we track in Indiana. It serves 3,317 members.
Does Local 697 have CFPB complaints?
No CFPB complaints against Local 697 appear in our data over the analysis window, which is typical for a credit union of this size.
Similar Credit Unions
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
