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5401 W Everett M Dirksen Pkwy
Peoria, IL 61607

CEF Credit Union is headquartered in Peoria and is the 2nd largest credit union in the state of Illinois. It is also the 20th largest credit union in the nation. It was established in 1937 and as of March of 2014, it had grown to 788 employees and 300,616 members. CEF Credit Union has a A health rating.

Field of Membership Restrictions

Membership into CEFCU is open to anyone who lives or works in one of many counties in Illinois. Likewise, anyone who lives, works, or worships in Alameda, Contra Costa, or Santa Clara counties in California also qualify for membership. CEFCU membership base consists mainly of eligible employees or retirees of Caterpillar Inc., Caterpillar subsidiaries, or Caterpillar dealerships; employees or retirees of CEFCU's partner companies; employees or retirees of CEFCU; immediate family members and household members of someone who is eligible to join the Credit Union; and spouse of a member who has passed away. Membership requires a $1 one-time fee and a $5 minimum balance in the savings account. - See Details

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Reviews (3)

Service Is Great

I joined this credit union recently because the have a track record of returning some of their excess income in the form of special dividend payments each year. This dividend is paid to borrowers and savers. I applied for a basic savings which has an ok rate of .30%. I also applied for a no annual fee VISA and was approved the same day. The loan officer also noted that they could refinance my car at a rate that was 2% lower than I was currently paying. So I also was able to lower my car payment without extending the term. The only problem I experienced was that they forgot to send my VISA card which after I called them was promptly sent

Review Of Cefco Credit Union

This is a great Credit Union. I have been with them many years. They even pay back profits to owners at year end. This year I got a check for 1350.00. They also have a good Visa card. Their rates may not be the highest in the country; but they are close.

My experience with

I am a customer of for last 5 years.My experience with is overall satisfactory.It allows later deposit which helps me to have fewer overdrafts and fees associated with them. Their customer service is better. This customer service is not excellent but satisfactory so far. Their iphone app is ok but they need to improve more customer friendly. However their website is good and informative. They have very good products which meet customer expectation. Their fees are reasonable and competitive.I would definitely recommend this credit union to my friends and relatives.


Data for Q1 2014

Institution Health


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 CEF Credit Union had $28.27 million in non-current loans and owned real-estate with $555.05 million in equity and loan loss allowances on hand to cover it. This gives CEF Credit Union a Texas Ratio of 5.09% 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 CEF Credit Union decreased dramatically from 9.43% as of March 31, 2013 to 5.09% as of March 31, 2014, resulting in a positive change of 46.01%.This indicates that the balance sheet and financial strength for CEF Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, CEF Credit Union has increased its total deposits by $77.84 million, resulting in 1.75% 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 CEF 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. CEF Credit Union has $5.15 billion in assets with $555.05 million in equity, resulting in a capitalization level of 10.78%, which is above average.

Institution Statistics

NCUA #68448
Year Chartered1937
Primary Regulator
Assets and Liabilities
Assets$5.15 billion
Loans$3.47 billion
Deposits$4.52 billion
Equity Capital$526.22 million
Loan Loss Allowance$28.84 million
Unbacked Noncurrent Loans$21.28 million
Real Estate Owned$6.98 million
Historic Data - March 2013
Assets$5.03 billion
Equity Capital$451.24 million
Loan Loss Allowance$31.34 million
Unbacked Noncurrent Loans$21.28 million
Real Estate Owned$7.89 million
Profit Margin - Quarterly
Net Interest Margin0.97%
Return on Assets1.06%
Return on Equity10.36%
Interest Income$40.52 million

Always verify rates and promotions with the bank or credit union. We are not CEF Credit Union, we are a rate comparison website and can not provide official rates or promotions.

CEF Credit Union Savings Account Rates

0.15%--Savings Account
0.15%--Holiday Saver Account
0.15%--My Use Account
0.15%--Education IRA Daily Account
0.15%--Roth IRA Daily Account
0.15%--Traditional IRA Daily Account

CEF Credit Union Money Market Rates

0.25%$100k-Insured Money Market Account

CEF Credit Union Checking Account Rates

0.10%$2,500-Dividend Checking

CEF Credit Union CD Rates

1.65%$100k-5 Year Jumbo Certificate
1.60%$1k$100k5 Year Certificate
1.40%$100k-4 Year Jumbo Certificate
1.35%$1k$100k4 Year Certificate
1.20%$100k-3 Year Jumbo Certificate
1.15%$1k$100k3 Year Certificate
0.65%$100k-2 Year Jumbo Certificate
0.60%$1k$100k2 Year Certificate
0.50%$100k-18 Month Jumbo Certificate
0.45%$1k$100k18 Month Certificate
0.40%$100k-1 Year Jumbo Certificate
0.35%-$1k1 Year My Save Certificate
0.35%$1k$100k1 Year Certificate
0.30%$100k-6 Month Jumbo Certificate
0.25%$1k$100k6 Month Certificate
0.25%$100k-3 Month Jumbo Certificate
0.20%$1k$100k3 Month Certificate

CEF Credit Union IRA Rates

1.65%$100k-5 Year Jumbo IRA
1.60%$500$100k5 Year IRA
1.60%$500-5 Year Roth IRA
1.60%$500-5 Year CESA
1.40%$100k-4 Year Jumbo IRA
1.35%$500$100k4 Year IRA
1.35%$500-4 Year Roth IRA
1.35%$500-4 Year CESA
1.20%$100k-3 Year Jumbo IRA
1.15%$500$100k3 Year IRA
1.15%$500-3 Year Roth IRA
1.15%$500-3 Year CESA
0.65%$100k-2 Year Jumbo IRA
0.60%$500$100k2 Year IRA
0.60%$500-2 Year Roth IRA
0.60%$500-2 Year CESA
0.40%$100k-1 Year Jumbo IRA
0.35%$500$100k1 Year IRA
0.35%$500-1 Year Roth IRA
0.35%$500-1 Year CESA

CEF Credit Union has 25 locations. Click to view all CEF Credit Union locations.