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Overview / Commentary
708-649-6400
1001 Mannheim Rd
Bellwood, IL 60104

Central Credit Union Of Illinois is headquartered in Bellwood and is the 51st largest credit union in the state of Illinois. It is also the 1,686th largest credit union in the nation. It was established in 1936 and as of March of 2014, it had grown to 29 employees and 13,464 members. Central Credit Union Of Illinois has a B+ health rating.

Field of Membership Restrictions

Must live in the greater Chicagoland area or be an employee of one of the several 250 companies or organizations. - See Details

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Health

Data for Q1 2014

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. Central Credit Union Of Illinois has a relatively low asset base.

Texas Ratio

GRADE:
A+

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 Central Credit Union Of Illinois had $315,000 in non-current loans and owned real-estate with $7.87 million in equity and loan loss allowances on hand to cover it. This gives Central Credit Union Of Illinois a Texas Ratio of 4.00% 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 Central Credit Union Of Illinois decreased dramatically from 6.04% as of March 31, 2013 to 4.00% as of March 31, 2014, resulting in a positive change of 33.76%.This indicates that the balance sheet and financial strength for Central Credit Union Of Illinois has improved dramatically in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Central Credit Union Of Illinois has increased its total deposits by $892,000, resulting in 1.17% 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 Central Credit Union Of Illinois has shown is above average.

Capitalization

GRADE:
C+

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. Central Credit Union Of Illinois has $85.31 million in assets with $7.87 million in equity, resulting in a capitalization level of 9.22%, which is average.

Institution Statistics

Overall
NCUA #60852
Year Chartered1936
Employees29
Primary Regulator
Assets and Liabilities
Assets$85.31 million
Loans$57.18 million
Deposits$77.09 million
Equity Capital$6.87 million
Loan Loss Allowance$996,000
Unbacked Noncurrent Loans$315,000
Real Estate Owned$0
Historic Data - March 2013
Assets$84.33 million
Equity Capital$6.74 million
Loan Loss Allowance$1.12 million
Unbacked Noncurrent Loans$315,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.24%
Return on Assets0.26%
Return on Equity3.26%
Interest Income$768,000
Rates

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

Central Credit Union Of Illinois Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$25-Share Savings Account
0.05%--My Club Holiday Account
0.05%--My Club October Account
0.05%--My Club January Account
0.05%--My Club July Account
0.05%--My Club May Account

Central Credit Union Of Illinois Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$25k-Investor's Choice Money Market Account
0.25%$25k-Investor's Choice Money Market IRA Account
0.25%$25k-Investor's Choice Money Market Roth IRA Account
0.15%$10k-Smart-Saver Money Market Account
0.15%$10k-Smart-Saver Money Market IRA Account
0.15%$10k-Smart-Saver Money Market Roth IRA Account
0.10%$1k-Money Market Account
0.10%--Market Rate IRA Account
0.10%--Market Rate Roth IRA Account

Central Credit Union Of Illinois Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$1k-Checking Plus Account

Central Credit Union Of Illinois CD Rates

DetailsAPYMINMAXPRODUCT
1.03%$1k-60 Month Certificate
0.49%$1k-30 Month Certificate
0.25%$1k-12 Month Certificate
0.20%$1k-6 Month Certificate

Central Credit Union Of Illinois IRA Rates

DetailsAPYMINMAXPRODUCT
1.03%$1k-60 Month IRA Certificate
0.49%$1k-30 Month IRA Certificate
0.25%$1k-12 Month IRA Certificate
0.20%$1k-6 Month IRA Certificate
Locations


Central Credit Union Of Illinois Locations
Branch Office1001 Mannheim RdBellwood, IL 60104
Branch Office9850 W 159th StOrland Park, IL 60467