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Overview / Commentary
201 E 9th St
Lockport, IL 60441-3475

Canals & Trails Credit Union is headquartered in Lockport and is the 117st largest credit union in the state of Illinois. It is also the 3,501st largest credit union in the nation. It was established in 1959 and as of March of 2014, it had grown to 5 employees and 2,692 members. Canals & Trails Credit Union has a B health rating.

Field of Membership Restrictions

Must live or work in selected areas in Bolingbrook, Crest Hill, Homer Glen, Lemont, Lockport, Mokena, New Lenox, Orland Park, Plainfield or Romeoville, Also open to employees of public schools in Lockport, Dupage, or Homer Township in Will County and other select groups. - See Details

Reviews (1)

Friendliest Staff

The staff at Canals and trails CU are the best. Very friendly and treat you like family. Well done C&TCU. Thanks for all you do.


Data for Q1 2014

Institution Health

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

Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Canals & Trails Credit Union had $132,000 in non-current loans and owned real-estate with $1.85 million in equity and loan loss allowances on hand to cover it. This gives Canals & Trails Credit Union a Texas Ratio of 7.12% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Canals & Trails Credit Union decreased dramatically from 16.85% as of March 31, 2013 to 7.12% as of March 31, 2014, resulting in a positive change of 57.72%.This indicates that the balance sheet and financial strength for Canals & Trails Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Canals & Trails Credit Union has increased its total deposits by $479,000, resulting in 2.61% 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 Canals & Trails Credit Union has shown is above average.



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. Canals & Trails Credit Union has $20.49 million in assets with $1.85 million in equity, resulting in a capitalization level of 9.04%, which is average.

Institution Statistics

NCUA #68508
Year Chartered1959
Primary Regulator
Assets and Liabilities
Assets$20.49 million
Loans$9.38 million
Deposits$18.83 million
Equity Capital$1.62 million
Loan Loss Allowance$232,000
Unbacked Noncurrent Loans$132,000
Real Estate Owned$0
Historic Data - March 2013
Assets$19.87 million
Equity Capital$1.48 million
Loan Loss Allowance$370,000
Unbacked Noncurrent Loans$132,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.31%
Return on Assets0.8%
Return on Equity10.12%
Interest Income$150,000
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Canals & Trails Credit Union Savings Account Rates

0.35%$500-IRA Savings Account
0.05%$100-Regular Share Savings Account
0.05%$25-Christmas Club Account
0.05%$25-Vaction Club Account

Canals & Trails Credit Union Money Market Rates

0.15%$25k-Money Market Account

Canals & Trails Credit Union Locations
Branch Office201 E 9th StLockport, IL 60441-3475