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309-633-7000
P.O. Box 1715
Peoria, IL 61656-1715

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 December of 2013, it had grown to 789 employees and 298,616 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 (1)

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.



Health

Data for Q4 2013

Institution Health

A

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 December 31, 2013 CEF Credit Union had $36.67 million in non-current loans and owned real-estate with $508.93 million in equity and loan loss allowances on hand to cover it. This gives CEF Credit Union a Texas Ratio of 7.20% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for CEF Credit Union decreased dramatically from 10.61% as of December 31, 2012 to 7.20% as of December 31, 2013, resulting in a positive change of 32.09%.This indicates that the balance sheet and financial strength for CEF Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
B+

In the past year, CEF Credit Union has increased its total deposits by $89.14 million, resulting in 2.11% 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.

Capitalization

GRADE:
B+

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 $4.92 billion in assets with $508.93 million in equity, resulting in a capitalization level of 10.35%, which is above average.

Institution Statistics

Overall
NCUA #68448
Year Chartered1937
Employees789
Primary Regulator
Assets and Liabilities
Assets$4.92 billion
Loans$3.46 billion
Deposits$4.31 billion
Equity Capital$479.05 million
Loan Loss Allowance$29.89 million
Unbacked Noncurrent Loans$29.67 million
Real Estate Owned$6.99 million
Historic Data - December 2012
Assets$4.79 billion
Equity Capital$459.13 million
Loan Loss Allowance$31.69 million
Unbacked Noncurrent Loans$29.67 million
Real Estate Owned$9.76 million
Profit Margin - Quarterly
Net Interest Margin3.55%
Return on Assets0.78%
Return on Equity7.96%
Interest Income$163.12 million
Rates

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

DetailsAPYMINMAXPRODUCT
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

DetailsAPYMINMAXPRODUCT
0.25%$100k-Insured Money Market Account

CEF Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$2,500-Dividend Checking

CEF Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.40%$100k-5 Year Jumbo Certificate
1.35%$1k$100k5 Year Certificate
1.15%$100k-4 Year Jumbo Certificate
1.10%$1k$100k4 Year Certificate
0.95%$100k-3 Year Jumbo Certificate
0.90%$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

DetailsAPYMINMAXPRODUCT
1.40%$100k-5 Year Jumbo IRA
1.35%$500$100k5 Year IRA
1.35%$500-5 Year Roth IRA
1.35%$500-5 Year CESA
1.15%$100k-4 Year Jumbo IRA
1.10%$500$100k4 Year IRA
1.10%$500-4 Year Roth IRA
1.10%$500-4 Year CESA
0.95%$100k-3 Year Jumbo IRA
0.90%$500$100k3 Year IRA
0.90%$500-3 Year Roth IRA
0.90%$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
Locations

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