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LOCAL 697 Rates & Review October 2026
Content reviewed by
Brian McKay
Brian McKayFounder & Data ArchitectExpertise
Brian is the Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.
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Editorial Disclosure
The rates displayed are actual, verified rates sourced directly from the official websites of banks and credit unions. Our editorial content is independent of any advertiser relationships.
✓Fact Checked
Rates Last Updated and Verified: October 6, 2026
LOCAL 697's top rate as of October 6, 2026 is personal loans from 13.00% APR, according to rates verified by MonitorBankRates. MonitorBankRates evaluates the financial stability of LOCAL 697 with a 5.0 Star Rating, an A Overall Health Grade, and a Texas Ratio of 13.33%. Rates last updated and verified on 10/06/2026. LOCAL 697 money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at LOCAL 697? Share your experience about LOCAL 697 by leaving a review below, or read customer reviews before you decide to use LOCAL 697. LOCAL 697
Local 697 FCU Office 7200 MISSISSIPPI ST STE 400
https://www.697fcu.org MERRILLVILLE, IN 46410  Customer Reviews
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Financial health data as of Q2 2026 (NCUA 5300 call report for the quarter ended June 30, 2026). This is the most recent call report available. The NCUA publishes credit union call reports about ten weeks after each quarter ends. LOCAL 697 Auto Loan Rates
LOCAL 697 RV, Boat and Powersport Loan Rates
LOCAL 697 Personal Loan Rates
LOCAL 697 Other Rates
Financial Health HistoryLOCAL 697’s Texas Ratio fell from 13.87% in Q3 2023 to 13.33% in Q2 2026, so its financial health has held steady at a healthy level over the past 12 quarters. Over the same period its Star Rating moved from 5.0 to 5.0. Lower Texas Ratios are healthier; the green zone below the amber 15% line is where a credit union must stay to qualify for the MBR Verified Healthy badge. Hover over or tap a point for that quarter’s figures. Swipe the chart sideways to see every quarter.
Texas Ratio, left axis (lower is healthier)MBR Star Rating, right axis (1 to 5)Health Grade15% Verified Healthy limit (green zone below = healthy)
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How to read this chart: the two lines move in opposite directions by design. The Texas Ratio (blue) measures trouble, so a rising blue line means more non-performing assets against capital. The Star Rating (green) and Health Grade chips measure strength, so they fall when the Texas Ratio climbs and recover when it drops. Show the quarterly figures
Source: NCUA 5300 call reports, MonitorBankRates analysis. Ratings shown are recomputed for each quarter with the current methodology and exclude member reviews.
Methodology & Data SourcesMonitorBankRates Star Rating
Our rating for LOCAL 697 is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.
Texas Ratio
We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.
Rate Data Aggregation
We gather LOCAL 697 rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.
Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions.
It is always advisable to check with LOCAL 697's official website for the most current offers and terms.
Credit Union Profile & Overview
Credit Union Name
LOCAL 697
Website
https://www.697fcu.org
Address
7200 MISSISSIPPI ST STE 400,
MERRILLVILLE, IN 46410
Phone
219-845-6040
Fax
219-972-6699
President
DAVID SODERQUIST
CEO
Daniel Simon
Full-Time Employees
4
Part-Time Employees
0
Branch Locations
1
ATM Locations
0
NCUA Insured
✓ Yes, up to $250,000 per depositor
FinancialsMonitorBankRates Star Rating
5.0 / 5.0 ★
Overall Health & Safety Grade
A (93/100)
Texas Ratio
13.33%
Return on Assets (ROA)
0.0715%
Return on Equity (ROE)
0.4461%
Non-Performing Loans Ratio (NPL)
4.55%
Total Assets
48,980,854
Total Amount of Shares and Deposits
41,414,986
Total Shares and Deposits < 1 Year
40,411,759
Total Shares and Deposits 1 3 Years
1,003,228
Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)
4,283,759
Total Uninsured Shares and Deposits > $250K (F+J)
6,290,214
Total Insured Shares and Deposits > $250K (item 17 less item K)
35,124,772
Total Interest Expense (Sum of items 6 8)
512,050
Number of Accounts for Share Drafts
395
IRA KEOGH Accounts
76
Number of Accounts for Regular Shares
3,526
All other shares
487
Non Member Deposits
2
Net Income (unless the amount is already included in Undivided Earnings)
35,019
Net Worth Classification if credit union is not new (Based upon Call Report data only See instructions)
Well Capitalized
Net Worth Classification if credit union is a new credit union
Well Capitalized
Total Cash on Deposit (Amounts Deposited in Financial Institutions)
2,259,137
Total Liabilities
41,424,708
Source: NCUA — Last Updated 06/30/2026
Customer Reviews
There are no reviews for LOCAL 697 yet. Feel free to create one below.
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Frequently Asked Questions About LOCAL 697How many branches does LOCAL 697 operate?LOCAL 697 currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes. Is a member application needed to join LOCAL 697?Yes, to access services at LOCAL 697, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations. Is there a first-time homebuyer program?Currently, LOCAL 697 does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing. Are credit management and repair services offered?While formal credit repair services are not currently listed, LOCAL 697 provides members with tools to manage their accounts and build a solid financial history. Does LOCAL 697 offer online and mobile banking?Most modern institutions like LOCAL 697 provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.697fcu.org. Compare to Other Credit Unions
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