4 star ratingAverage User Rating:
4 star rating based on 1 review.

Earthmover Credit Union

Earthmover Credit Union Locations
2195 Baseline Road
Oswego, IL 60543
800-844-2328
www.earthmovercu.com



Earthmover Credit Union is headquartered in Aurora and is the 27th largest credit union in the state of Illinois. It is also the 831st largest credit union in the nation. It was established in 1958 and as of December of 2012, it had grown to 50 employees and 23,697 members. Earthmover Credit Union has a 5-star health rating.



See Rates for: Checking | Savings | Money Market | CD | IRA

Earthmover Credit Union Checking Account Rates

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0.10%$2,500-Share Draft Checking

Earthmover Credit Union Savings Account Rates

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0.25%$1,025-CESA Savings
0.25%$1,025-IRA Savings
0.25%$1,025-Roth IRA Savings
0.15%$25,025-Regular Tiered Shares
0.15%$25,025-Youth Shares
0.05%--Christmas Club
0.01%--Special Accounts

Earthmover Credit Union Money Market Rates

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0.25%$50k-Money Market

Earthmover Credit Union CD Rates

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1.00%$500-60 Month CD
0.75%$500-48 Month CD
0.55%$500-36 Month CD
0.50%$1k-18 Month Special with ECU checking
0.50%$5k-18 Month Special
0.45%$500-30 Month CD
0.40%$1k-12 Month Special with ECU checking
0.40%$5k-12 Month Special
0.40%$500-24 Month CD
0.30%$500-18 Month CD
0.25%$500-12 Month CD
0.15%$500-6 Month CD
0.10%$500-3 Month CD

Earthmover Credit Union IRA Rates

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1.10%$500-60 Month IRA
0.85%$500-48 Month IRA
0.60%$500-36 Month IRA
0.45%$500-24 Month IRA
0.35%$500-18 Month IRA
0.30%$500-12 Month IRA

Rates updated: 5/22/2013

Data for Q4 2012


Institution Statistics


EARTHMOVER
NCUA #97059
BankRate ReportView
Year Chartered1958
Employees50
Primary Regulator

Assets and Liabilities

Assets$224.55 million
Loans$119.73 million
Deposits$189.09 million
Equity Capital$33.31 million
Loan Loss Allowance$3.65 million
Unbacked Noncurrent Loans$3.22 million
Real Estate Owned$444,000

Historic Data - December 2011

Assets$213.14 million
Equity Capital$31.67 million
Loan Loss Allowance$3.79 million
Unbacked Noncurrent Loans$4.71 million
Real Estate Owned$752,000

Profit Margin - Quarterly

Net Interest Margin4.73%
Return on Assets0.63%
Return on Equity4.25%
Interest Income$7.42 million
Non-Interest Income$4.73 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio4
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, 2012 Earthmover Credit Union had $3.66 million in non-current loans and owned real-estate with $36.96 million in equity and loan loss allowances on hand to cover it. This gives Earthmover Credit Union a Texas Ratio of 9.90% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Earthmover Credit Union decreased slightly from 15.39% as of December 31, 2011 to 9.90% as of December 31, 2012, resulting in a positive change of 35.64%.This indicates that the balance sheet and financial strength for Earthmover Credit Union has improved slightly in recent periods.
Deposit Growth5
In the past year, Earthmover Credit Union has increased its total deposits by $10 million, resulting in 5.58% 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 Earthmover Credit Union has shown is excellent.
Capitalization5
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. Earthmover Credit Union has $224.55 million in assets with $36.96 million in equity, resulting in a capitalization level of 16.46%, which is excellent.
Write Review

Earthmover Credit Union Denied Me A Loan
4 stars - Grinevicius - Thursday, July 15, 2010 - 5:24 PM

I had a bad experience with Decatur Earthmover Credit Union.  I applied for a $1,500 stimulus loan from Decatur Earthmover.  My request was denied even though I have good credit and no other loans.  This credit union was cherry-picking its applicants.  I will never deposit any more money with this credit union.  They always want your money, but when it comes time for a loan, they are a whole different story.

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