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University Of Illinois Emps Credit Union

Based on 2 reviews
Overview / Commentary
217-278-7700
2201 S 1ST ST
Champaign, IL 61820-7402

University Of Illinois Emps Credit Union is headquartered in Champaign and is the 23rd largest credit union in the state of Illinois. It is also the 705th largest credit union in the nation. It was established in 1932 and as of March of 2014, it had grown to 90 employees and 44,912 members. University Of Illinois Emps Credit Union has a B health rating.

Field of Membership Restrictions

Must be an employee within the University of Illinois community. Also open to those who live or work in Champaign County. - See Details

Reviews (2)

A Better Option, And Not For Profit

Could not be more pleased with the University of Illinois Credit Union.  After ten years with Busey I became frustrated with the mergers and their service levels have decreased in my opinion.  I think because their staff are so woried about what will happen to them and if they they are keeping their jobs.

The credit union has been very helpful, I was able to refinance both my car loans and my mortgage.  Good service, friendly but professional people.  They also have a orange visa card that has the University logo on it that has a low rate.  And I was approved for one of those too, but I don't really carry a balance so I will try their rewards program.

Good place, hope they keep growing.

The Devil Behind The Smile

The tellers are friendly and helpful.  But if you have over draft or collections issues with this organization you will be amazed at how badly they treat their own members (and they are a credit union).  Their managment of these situations is amazingly bad.  



Health

Data for Q1 2014

Institution Health

B

Texas Ratio

GRADE:
B+

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 University Of Illinois Emps Credit Union had $3.49 million in non-current loans and owned real-estate with $23.83 million in equity and loan loss allowances on hand to cover it. This gives University Of Illinois Emps Credit Union a Texas Ratio of 14.63% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for University Of Illinois Emps Credit Union experienced no significant changes from 10.93% as of March 31, 2013 to 14.63% as of March 31, 2014, resulting in a negative change of 33.88%. This indicates that the balance sheet and financial strength for University Of Illinois Emps Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
C+

In the past year, University Of Illinois Emps Credit Union has decreased its total deposits by $-832,000, resulting in -0.31% 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 University Of Illinois Emps Credit Union has shown is 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. University Of Illinois Emps Credit Union has $294.59 million in assets with $23.83 million in equity, resulting in a capitalization level of 8.09%, which is average.

Institution Statistics

Overall
NCUA #60583
Year Chartered1932
Employees90
Primary Regulator
Assets and Liabilities
Assets$294.59 million
Loans$231.26 million
Deposits$269.88 million
Equity Capital$21.42 million
Loan Loss Allowance$2.42 million
Unbacked Noncurrent Loans$3.44 million
Real Estate Owned$46,000
Historic Data - March 2013
Assets$288.80 million
Equity Capital$21.54 million
Loan Loss Allowance$1.66 million
Unbacked Noncurrent Loans$3.44 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.37%
Return on Assets-0.29%
Return on Equity-3.94%
Interest Income$3.36 million
Rates

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

University Of Illinois Emps Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Share Savings Account
0.05%--IRA Share Savings Account
0.05%--Christmas Club Account
0.05%--Vacation Club Account

University Of Illinois Emps Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.10%$25k-Illini Draft Money Market Account
0.05%--Member Money Market Account

University Of Illinois Emps Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Loyalty Checking - Level 4

University Of Illinois Emps Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.75%$500-5 Year Silver CD
0.50%$500-4 Year Silver CD
0.40%$500-3 Year Silver CD
0.25%$500-2 Year Silver CD
0.20%$500-1 Year Silver CD
0.20%$500-1 Year Home Buyer Silver Special CD
0.10%$1k-6 Month Silver CD
0.05%$1k-90 Day Silver CD

University Of Illinois Emps Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.50%$1k-5 Year IRA
0.30%$1k-4 Year IRA
0.20%$1k-3 Year IRA
0.10%$1k-2 Year IRA
0.05%$1k-1 Year IRA
Locations


University Of Illinois Emps Credit Union Locations
Branch Office1401 W Green StUrbana, IL 61801
Branch Office206 E University AveUrbana, IL 61801-1794
Branch Office2201 S 1ST STChampaign, IL 61820-7402