Gary Municipal Employees Federal Credit Union Gary, Indiana
Gary Municipal Employees Federal Credit Union is a federal credit union headquartered in Gary, IN, established in 1964 (NCUA charter 16126), and it is regulated and insured by the NCUA. At Q2 2026 it reported 137 members and total assets of $537K (little changed from Q2 2025), the 117th largest of 118 credit unions headquartered in Indiana. Its net worth ratio was 40.56% at Q2 2026, in the well capitalized band.
Also written as Gary Municipal Employees FCU
BankRegReports is independent of Gary Municipal Employees Federal Credit Union and never asks for online banking logins or passwords.
Data as of · sourced from NCUA 5300 call reports. How we update
- Charter
- Federal credit union
- Regulator
- NCUA
- Deposit insurance
- NCUA (NCUSIF)
- NCUA charter number
- 16126
- Headquarters
- Gary, IN
- Established
- 1964
- Total assets, Q2 2026
- $537K
- Assets vs Q2 2025
- 0.0%
- Members, Q2 2026
- 137
- Net worth ratio, Q2 2026
- 40.56%
- Latest call report
- Q2 2026, NCUA 5300 · Gary Municipal Employees Federal Credit Union call report
- Asset rank in state
- 117th of 118 in Indiana
- Routing number
- 271990839
- Branches
- 1
It had the same number of members on June 30, 2025. Its net worth ratio was unchanged from June 30, 2025. Other unsecured loans and lines of credit are its largest loan category, $149K of $149K in total loans on its June 30, 2026 filing. Its 60-day delinquency ratio of 7.73% is above the 0.86% median of the 2,162 credit unions with under $100M in assets for Q2 2026. Its 40.56% net worth ratio is above that band's 14.31% median.
Credit unions similar in size in Indiana
Frequently asked about Gary Municipal Employees Federal Credit Union
How big is Gary Municipal Employees Federal Credit Union?
At Q2 2026 it reported total assets of $537K and 137 members.
Where is Gary Municipal Employees Federal Credit Union headquartered?
It is headquartered in Gary, IN, United States.
When was Gary Municipal Employees Federal Credit Union founded?
It was established in 1964, per NCUA records.
Is Gary Municipal Employees Federal Credit Union FDIC insured?
No. The FDIC insures banks, not credit unions. It is a federally insured credit union (NCUA charter 16126): member shares are insured by the National Credit Union Share Insurance Fund, run by the NCUA, up to $250,000 per member, per insured credit union, for each account ownership category, the same limit the FDIC applies to bank deposits.
Who regulates Gary Municipal Employees Federal Credit Union?
It is a federal credit union, chartered and supervised by the NCUA.
Is Gary Municipal Employees Federal Credit Union well capitalized?
Its net worth ratio was 40.56% at Q2 2026, in the well capitalized band. NCUA considers a credit union well capitalized at a net worth ratio of 7% or higher.
What is Gary Municipal Employees Federal Credit Union's delinquency ratio?
Its delinquency ratio was 7.73% at Q2 2026: loans 60 or more days past due as a share of total loans.
What is Gary Municipal Employees Federal Credit Union's loan-to-share ratio?
Its loan-to-share ratio was 48.46% at Q2 2026: total loans as a share of member shares and deposits.
Credit Union Profile
- Headquarters
- Gary, IN 46402
- Charter Type
- Federal credit union
- Primary Regulator
- NCUA
- Insurance
- NCUSIF
- Established
- 1964
- NCUA Charter #
- 16126
- RSSD ID
- 446082
- Members
- 137
- Potential members
- 150
Size & Membership
Profitability
Q2 annualizedCapital & Asset Quality
Peer comparison: credit unions of similar size
It ranks against 2,479 credit unions with under $100M in assets, as of Q2 2026. It is in the top quartile on 3 of 7 ranked measures and in the bottom quartile on 1.
| Metric | This credit union | Peer median | Rank among peers |
|---|---|---|---|
| Net worth ratio Middle half of peers: 11.14% to 19.38% | 40.56% | 14.31% | over 90th top |
| Return on assets Middle half of peers: 0.16% to 1.30% | 0.87% | 0.72% | 57th above |
| Return on equity Middle half of peers: 1.04% to 8.69% | 2.14% | 4.74% | 32nd below |
| Net interest margin Middle half of peers: 3.31% to 4.53% | 6.14% | 3.93% | over 90th top |
| Efficiency ratio Middle half of peers: 68.03% to 91.60% | 86.70% | 79.83% | 35th below |
| Cost of funds Middle half of peers: 0.37% to 1.23% | 0.12% | 0.78% | over 90th top |
| Delinquency ratio Middle half of peers: 0.35% to 1.93% | 7.73% | 0.86% | under 10th bottom |
| Yield on assets Middle half of peers: 4.21% to 5.32% | 6.26% | 4.70% | over 90th position only |
| Loan-to-share ratio Middle half of peers: 42.33% to 75.81% | 48.46% | 58.92% | 34th position only |
Quarterly trends
Last 6 quarters of 5300 filings. Under each chart, Q2 2026 against Q2 2025. How these charts are built
$537K total assets against $537K; $308K total shares and deposits against $308K; $149K total loans against $149K.
$218K net worth against $218K.
40.56% net worth ratio against 40.56%.
48.46% loan-to-share ratio against 48.46%.
7.73% delinquency ratio against 7.73%.
0.87% return on assets against 0.87%; 2.14% return on equity against 2.14%.
6.14% net interest margin against 6.14%.
137 members against 137.
Quarterly trend: last 6 quarters
| Quarter | Net worth ratio | ROA | Delinquency | Loan-to-share |
|---|---|---|---|---|
| June 30, 2026 | 40.56% | 0.87% | 7.73% | 48.46% |
| March 31, 2026 | 39.79% | -3.05% | 0.54% | 39.61% |
| December 31, 2025 | 41.99% | 1.53% | 4.10% | 44.30% |
| September 30, 2025 | 41.48% | 0.97% | 3.84% | 47.85% |
| June 30, 2025 | 40.56% | 0.87% | 7.73% | 48.46% |
| March 31, 2025 | 39.79% | -3.05% | 0.54% | 39.61% |
Scroll sideways to see every column.
Watch flags
Loans 60+ days delinquent exceed 2% of the loan book, well above the credit-union industry norm of under 1%. Sustained high delinquency erodes net worth through charge-offs. BankRegReports band vs the <1% industry norm.
How we read these figures
Glossary: net worth ratio, delinquency, ROA, loan-to-share. The net worth category is ours, from NCUA's 7% well and 6% adequately capitalized cutoffs. It is not NCUA's determination, which can differ. ROA, ROE and margin annualize the quarter; NCUA's Financial Performance Report annualizes the year to date (YTD). Peer rank interpolates size-band percentiles. Methodology.