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Not Federally Insured
800-252-6950
P.O. Box 200
Rantoul, IL 61866

Credit Union 1 (IL) is headquartered in Rantoul and is the 8th largest credit union in the state of Illinois. It is also the 299th largest credit union in the nation. It was established in 1958 and as of December of 2013, it had grown to 276 employees and 90,020 members. Credit Union 1 (IL) has a B health rating.

Field of Membership Restrictions

To be eligible for membership in the credit union, you must be an individual or entity qualifying within our field of membership. All it takes is a $5.00 one time membership fee and a $5.00 initial deposit. With your membership, you will have access to all of our unique products and services. Simply call 800-252-6950 or 217-893-9112, or stop by our nearest branch location today. We look forward to serving you! - See Details

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Health

Data for Q4 2013

Institution Health

B

Texas Ratio

GRADE:
C+

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 Credit Union 1 (IL) had $16.19 million in non-current loans and owned real-estate with $63.57 million in equity and loan loss allowances on hand to cover it. This gives Credit Union 1 (IL) a Texas Ratio of 25.48% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Credit Union 1 (IL) decreased slightly from 34.84% as of December 31, 2012 to 25.48% as of December 31, 2013, resulting in a positive change of 26.87%.This indicates that the balance sheet and financial strength for Credit Union 1 (IL) has improved slightly in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Credit Union 1 (IL) has increased its total deposits by $15.46 million, resulting in 2.32% 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 Credit Union 1 (IL) 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. Credit Union 1 (IL) has $745.92 million in assets with $63.57 million in equity, resulting in a capitalization level of 8.52%, which is average.

Institution Statistics

Overall
NCUA #96069
Year Chartered1958
Employees276
Primary Regulator
Assets and Liabilities
Assets$745.92 million
Loans$364.91 million
Deposits$683.02 million
Equity Capital$58.66 million
Loan Loss Allowance$4.91 million
Unbacked Noncurrent Loans$9.54 million
Real Estate Owned$6.65 million
Historic Data - December 2012
Assets$728.88 million
Equity Capital$56.74 million
Loan Loss Allowance$4.82 million
Unbacked Noncurrent Loans$9.54 million
Real Estate Owned$7.21 million
Profit Margin - Quarterly
Net Interest Margin5.3%
Return on Assets0.26%
Return on Equity3.28%
Interest Income$22.19 million
Rates

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Credit Union 1 (IL) Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%--IRA Savings
0.15%$50-Savings
0.15%--Roth IRA Savings
0.15%--CESA Savings

Credit Union 1 (IL) Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$50k-Money Market Deposit Account

Credit Union 1 (IL) Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Interest Checking

Credit Union 1 (IL) CD Rates

DetailsAPYMINMAXPRODUCT
1.60%$10k-60 Month CD Plus
1.50%$1k$10k60 Month CD
1.35%$10k-48 Month CD Plus
1.25%$1k$10k48 Month CD
1.00%$10k-36 Month CD Plus
0.90%$1k$10k36 Month CD
0.75%$10k-30 Month CD Plus
0.65%$1k$10k30 Month CD
0.65%$10k-24 Month CD Plus
0.55%$1k$10k24 Month CD
0.45%$10k-18 Month CD Plus
0.40%$10k-12 Month CD Plus
0.35%$1k$10k18 Month CD
0.35%$10k-6 Month CD Plus
0.30%$1k$10k12 Month CD
0.25%$1k$10k6 Month CD

Credit Union 1 (IL) IRA Rates

DetailsAPYMINMAXPRODUCT
1.80%$10k-60 Month IRA Plus (Traditional,Roth,CESA)
1.70%$1k$10k60 Month IRA (Traditional,Roth,CESA)
1.55%$10k-48 Month IRA Plus (Traditional,Roth,CESA)
1.45%$1k$10k48 Month IRA (Traditional,Roth,CESA)
1.25%$10k-36 Month IRA Plus (Traditional,Roth,CESA)
1.15%$1k$10k36 Month IRA (Traditional,Roth,CESA)
1.00%$10k-30 Month IRA Plus (Traditional,Roth,CESA)
0.90%$1k$10k30 Month IRA (Traditional,Roth,CESA)
0.85%$10k-24 Month IRA Plus (Traditional,Roth,CESA)
0.75%$1k$10k24 Month IRA (Traditional,Roth,CESA)
0.60%$10k-18 Month IRA Plus (Traditional,Roth,CESA)
0.55%$10k-12 Month IRA Plus (Traditional,Roth,CESA)
0.50%$10k-6 Month IRA Plus (Traditional,Roth,CESA)
0.50%$1k$10k18 Month IRA (Traditional,Roth,CESA)
0.45%$1k$10k12 Month IRA (Traditional,Roth,CESA)
0.40%$1k$10k6 Month IRA (Traditional,Roth,CESA)
Locations

Credit Union 1 (IL) has 27 locations. Click to view all Credit Union 1 (IL) locations.