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LOCAL 697

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LOCAL 697 Rates & Review March 2026

Q: Is LOCAL 697 a safe place to deposit money?

Yes, LOCAL 697 is considered a safe financial institution. With a Texas Ratio of 16.756814653591%, the institution's financial health is rated as excellent. Your accounts are federally insured by the NCUA (National Credit Union Administration) up to $250,000 per depositor, for each account ownership category.

Q: How 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.

Q: 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.

Q: 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.

Q: 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.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated: March 20, 2026

LOCAL 697's Personal Loan Rates are at 13.00%. MonitorBankRates evaluates the financial stability of LOCAL 697 with a 4.9 Star Rating, an A- Overall Health Grade, and a Texas Ratio of 16.76%. Rates were last updated on 03/20/2026.

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.

Overall Health & Safety Grade

A-

Very Good Health Score: 90/100

MonitorBankRates Rating

4.9

Exceptional Out of 5.0 Stars

Texas Ratio

16.76%

Good Higher than avg

Bank of Prague
Local 697 FCU Office

7200 MISSISSIPPI ST STE 400
MERRILLVILLE, IN 46410

https://www.697fcu.org

LOCAL 697 Mortgage Rates

Product	Rate	Points	APR	Term
New Converstion Vans	-	-	8.00%	60 months
No additional details. Last Updated 03/15/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.35%
New Converstion Vans	-	-	11.50%	96 months
No additional details. Last Updated 03/15/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.35%

LOCAL 697 Personal Loan Rates

Product	Rate	APR	View More
Personal	-	13.00%
Details Maximum- $10,000.00 (48 Months) Per Board Approval Last Updated 03/15/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.35%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution's data from MonitorBankRates.com, please contact us here.

Methodology & Data Sources

MonitorBankRates 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

Financials

MonitorBankRates Star Rating

4.9 / 5.0 ★

Overall Health & Safety Grade

A- (90/100)

Texas Ratio

16.76%

Return on Assets (ROA)

0.0112%

Return on Equity (ROE)

0.0629%

Non-Performing Loans Ratio (NPL)

5.91%

Total Assets

42,582,514

Total Amount of Shares and Deposits

35,354,456

Total Shares and Deposits < 1 Year

35,354,456

Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)

1,843,235

Total Uninsured Shares and Deposits > $250K (F+J)

1,843,235

Total Insured Shares and Deposits > $250K (item 17 less item K)

33,511,221

Total Interest Expense (Sum of items 6 8)

662,950

Number of Accounts for Share Drafts

393

IRA KEOGH Accounts

Number of Accounts for Regular Shares

3,312

All other shares

455

Net Income (unless the amount is already included in Undivided Earnings)

4,749

Total Cash on Deposit (Amounts Deposited in Financial Institutions)

1,147,728

Total Liabilities

35,365,097

Source: NCUA — Last Updated 09/30/2025

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Frequently Asked Questions About LOCAL 697

Is LOCAL 697 a safe place to deposit money?

Yes, LOCAL 697 is considered a safe financial institution. With a Texas Ratio of 16.756814653591%, the institution's financial health is rated as excellent. Your accounts are federally insured by the NCUA (National Credit Union Administration) up to $250,000 per depositor, for each account ownership category.

How 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.