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Overview / Commentary
Not Federally Insured
708-343-0228
1807 W Cermak Rd
Broadview, IL 60155

Access Credit Union is headquartered in Broadview and is the 65th largest credit union in the state of Illinois. It is also the 2,174th largest credit union in the nation. It was established in 1939 and as of September of 2013, it had grown to 16 employees and 6,912 members. Access Credit Union has a B+ health rating.

Field of Membership Restrictions

You qualify if you are employed with a company that is already affiliated with Access Credit Union; or if you live or work in any of the following Illinois communities: Bellwood, Berkeley, Berwyn, Broadview, Brookfield, Cicero, Elmhurst, Forest Park, Hillside, Hinsdale, Lagrange, Lagrange Park, Maywood, Melrose Park, Northlake, North Riverside, Oak Brook, Oak Park, River Forest, Riverside, Stone Park, Westchester and residents and employees in Chicago zip code 60616 and anyone who lives or works in the area bordered by: Lake Michigan on the East, California Ave on the West, Garfield Ave/55th Street on the South and Harrison Street on the North. Or, if you are a family member of an Access Credit Union member, ask them to request a new member kit on your behalf. - See Details

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Health

Data for Q3 2013

Institution Health

B+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Access Credit Union has a relatively low asset base.

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2013 Access Credit Union had $389,000 in non-current loans and owned real-estate with $6.9 million in equity and loan loss allowances on hand to cover it. This gives Access Credit Union a Texas Ratio of 5.64% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Access Credit Union decreased slightly from 7.77% as of September 30, 2012 to 5.64% as of September 30, 2013, resulting in a positive change of 27.52%.This indicates that the balance sheet and financial strength for Access Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
F

In the past year, Access Credit Union has decreased its total deposits by -$5.51 million, resulting in -10.13% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Access Credit Union has shown is poor.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Access Credit Union has $55.34 million in assets with $6.9 million in equity, resulting in a capitalization level of 12.47%, which is excellent.

Institution Statistics

Overall
Year Established1939
Employees16
Primary Regulator
Assets and Liabilities
Assets$55.34 million
Loans$24.13 million
Deposits$48.86 million
Equity Capital$6.32 million
Loan Loss Allowance$582,000
Unbacked Noncurrent Loans$389,000
Real Estate Owned$0
Historic Data - September 2012
Assets$61.08 million
Equity Capital$6.53 million
Loan Loss Allowance$583,000
Unbacked Noncurrent Loans$389,000
Real Estate Owned$73,000
Profit Margin - Quarterly
Net Interest Margin4.57%
Return on Assets-0.87%
Return on Equity-7.64%
Interest Income$1.42 million
Rates
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Access Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Holiday Savings
0.02%$100-Regular Savings
0.02%$100-Secondary Savings
0.02%$100-IRA Savings
0.02%$100-Roth IRA Savings

Access Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.15%$50k-Money Market Account

Access Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.95%$10k-60 Month CD
0.80%$10k-48 Month CD
0.55%$10k-36 Month CD
0.45%$10k-30 Month CD
0.35%$10k-24 Month CD
0.25%$10k-18 Month CD
0.20%$10k-12 Month CD
0.15%$10k-6 Month CD
Locations


Access Credit Union Locations
Branch Office404 Lathrop AveRiver Forest, IL 60305
Branch Office1807 W Cermak RdBroadview, IL 60155