3 star ratingAverage User Rating:
3 star rating based on 2 reviews.

Baxter Credit Union

Baxter Credit Union Locations
340 N. Milwaukee Ave
Vernon Hills, IL 60061
800-388-7000
www.bcu.org



Baxter Credit Union is headquartered in Vernon Hills and is the 4th largest credit union in the state of Illinois. It is also the 97th largest credit union in the nation. It was established in 1980 and as of December of 2011, it had grown to 334 employees and 147,694 members. Baxter Credit Union's savings rates are 6X the national average, and it has a 4-star health rating.

Baxter Credit Union Routing Number: 271992400

Related Posts

2.65% 11-Month CD at Baxter Credit Union in IL & WI - 5/12/2009

Baxter Credit Union (BCU) is offering another CD special. The rate is lower than last month, but it's still competitive. The new rate is 2.65% APY and it's available for terms from 11 months to 23 months. Minimum deposit is $500. This special is listed...

2.85% 13-Month CD at Baxter Credit Union in IL & WI - 4/1/2009

Baxter Credit Union (BCU) is offering a special 13-month CD with a rate of 2.85% APY. Minimum deposit is $500. This special is listed in the credit union's rate table as of 4/01/09. Since credit unions often update their rates at the start of the month...

3.00% Reward Checking Account at Baxter Credit Union in IL/WI - 9/21/2008

Update 11/09/09: The top rate has fallen to 3.00% APY.Baxter Credit Union is offering a reward checking account called Powerchecking. It pays 3.00% APY on balances up to $25,000 (0.50% for above) if the following monthly requirements are met:direct...

5.45% 6-Month / 5.45% 24-Month CD at an Illinois CU (Baxter) - 9/28/2007

Baxter Credit Union (BCU) is offering a special 5.45% APY certificate with terms from 6 to 24 months. The minimum deposit is $500.This credit union seems to frequently have CD specials. The last one I reported on was in March when it was offering a 5.75%...

2007




See Rates for: Checking | Savings | Money Market | CD | IRA

Baxter Credit Union Checking Account Rates

ApyMinMaxProduct
2.00%-$25kPOWERCHECKING
0.50%--Premier Business Checking
0.40%$25k-Preferred Interest Checking

Baxter Credit Union Savings Account Rates

ApyMinMaxProduct
3.00%$25$6,500Rainy Day Savings after first 12 months
1.50%--Health Savings Account
1.50%$25$6,500Rainy Day Savings first consecutive 12 months
0.05%--Regular Savings
0.05%--Holiday Club
0.05%--Vacation Club
0.05%--Stepping Stones Savings Club

Baxter Credit Union Money Market Rates

ApyMinMaxProduct
0.40%$100k-Money Market
0.25%$1k-IRA Money Market
0.25%$1k-Roth IRA Money Market
0.25%$1k-CESA Money Market

Baxter Credit Union CD Rates

ApyMinMaxProduct
1.65%$500-60 Month Rewards CD
1.40%$500-60 Month CD
1.35%$50$25kSpecial 36 Month Kid's Certificate
1.25%$500-48 Month Rewards CD
1.10%$500-36 Month Rewards CD
1.00%$500-48 Month CD
0.85%$500-36 Month CD
0.85%$500-24 Month Rewards CD
0.60%$500-24 Month CD
0.45%$500-12 Month Rewards CD
0.35%$500-12 Month CD
0.30%$500-6 Month Rewards CD
0.25%$500-3 Month Rewards CD
0.20%$500-6 Month CD
0.15%$500-3 Month CD

Baxter Credit Union IRA Rates

ApyMinMaxProduct
1.65%$500-60 Month Rewards IRA Certificate
1.65%$500-60 Month Rewards Roth IRA Certificate
1.65%$500-60 Month Rewards CESA Certificate
1.40%$500-60 Month IRA Certificate
1.40%$500-60 Month Roth IRA Certificate
1.40%$500-60 Month CESA Certificate
1.25%$500-48 Month Rewards IRA Certificate
1.25%$500-48 Month Rewards Roth IRA Certificate
1.25%$500-48 Month Rewards CESA Certificate
1.10%$500-36 Month Rewards IRA Certificate
1.10%$500-36 Month Rewards Roth IRA Certificate
1.10%$500-36 Month Rewards CESA Certificate
1.00%$500-48 Month IRA Certificate
1.00%$500-48 Month Roth IRA Certificate
1.00%$500-48 Month CESA Certificate
0.85%$500-36 Month IRA Certificate
0.85%$500-24 Month Rewards IRA Certificate
0.85%$500-24 Month Rewards Roth IRA Certificate
0.85%$500-36 Month Roth IRA Certificate
0.85%$500-24 Month Rewards CESA Certificate
0.85%$500-36 Month CESA Certificate
0.60%$500-24 Month Roth IRA Certificate
0.60%$500-24 Month IRA Certificate
0.60%$500-24 Month CESA Certificate
0.45%$500-12 Month Rewards IRA Certificate
0.45%$500-12 Month Rewards Roth IRA Certificate
0.45%$500-12 Month Rewards CESA Certificate
0.35%$500-12 Month IRA Certificate
0.35%$500-12 Month Roth IRA Certificate
0.35%$500-12 Month CESA Certificate

Rates updated: 5/27/2012

Data for Q4 2011


Institution Statistics


BAXTER
NCUA #68187
BankRate ReportView
Year Chartered1980
Employees334
Primary Regulator

Assets and Liabilities

Assets$1.58 billion
Loans$1.31 billion
Deposits$1.43 billion
Equity Capital$129.83 million
Loan Loss Allowance$27.60 million
Unbacked Noncurrent Loans$13.01 million
Real Estate Owned$2.39 million

Historic Data - December 2010

Assets$1.44 billion
Equity Capital$111.16 million
Loan Loss Allowance$27.32 million
Unbacked Noncurrent Loans$13.90 million
Real Estate Owned$938,000

Profit Margin - Quarterly

Net Interest Margin4.35%
Return on Assets0.65%
Return on Equity7.86%
Interest Income$74.53 million
Non-Interest Income$42.63 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
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 December 31, 2011 Baxter Credit Union had $15.4 million in non-current loans and owned real-estate with $157.43 million in equity and loan loss allowances on hand to cover it. This gives Baxter Credit Union a Texas Ratio of 9.78% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Baxter Credit Union held steady from 10.72% as of December 31, 2010 to 9.78% as of December 31, 2011, resulting in a positive change of 8.72%.This indicates that the balance sheet and financial strength for Baxter Credit Union has held steady in recent periods.
Deposit Growth5
In the past year, Baxter Credit Union has increased its total deposits by $111.3 million, resulting in 8.47% 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 Baxter Credit Union has shown is excellent.
Capitalization3
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. Baxter Credit Union has $1.58 billion in assets with $157.43 million in equity, resulting in a capitalization level of 9.96%, which is average.
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Student Loan Process
1 stars - MRMoy7076 - Friday, August 12, 2011 - 5:01 PM

When I called in to check the status of my student loan they had somehow switched my co-signer to someone that I intended it to be and one associate, Xaviee, even accused me of changing the information myself even though I don't have access to the internal database. The associates I spoke with were so rude to me, I was shocked. They pulled my credit twice without my permission and directly against my wishes. They did not document any conversation they had with me in their internal system so whenever I called, no one knew what was going on with my file. Even the managers didn't follow up with what was promised. They left me helpless just a few weeks before school started because they made a clerical error and refused to admit it!! 

4

Great CU For All Services!
5 stars - jtoland2 - Friday, December 2, 2011 - 7:32 AM

I've been 100% happy with BCU. They gave me a great rate on my car loan, I'm happily using their credit card as my primary card, and they have great banking services. If there's not a local branch near you, they have thousands of "shared" branches with other CUs around the country that you can use just as if it was your own BCU branch. They have "Deposit Anywhere", a service that allows me to deposit checks from my computer (with a scanner) or from my smartphone's camera. They have excellent savings and CD rates! I get a call a couple times a year from their reps just 'checking in' to make sure everything's alright and that I've not been having any issues with my service; it's really very nice for them to contact me like that!

I really couldn't be happier with my experiences.

3