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

University Of Illinois Emps Credit Union

University Of Illinois Emps Credit Union Locations
PO Box 500
Champaign, IL 618240500
217-278-7700
www.uiecu.org

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 703rd largest credit union in the nation. It was established in 1932 and as of December of 2011, it had grown to 89 employees and 40,521 members. University Of Illinois Emps Credit Union has a 4-star health rating.



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

University Of Illinois Emps Credit Union Checking Account Rates

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0.10%$300-Eco-Checking Account
0.10%$300-Illini Advantage Checking Account
0.10%$100-Illini Advantage PLUS Checking Account

University Of Illinois Emps Credit Union Savings Account Rates

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0.10%--Share Savings Account
0.10%--IRA Share Savings Account
0.10%--Christmas Club Account
0.10%--Vacation Club Account

University Of Illinois Emps Credit Union Money Market Rates

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0.25%$25k-Illini Draft Money Market Account
0.15%--Member Money Market Account

University Of Illinois Emps Credit Union CD Rates

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1.40%$500-5 Year Silver CD
1.10%$500-4 Year Silver CD
0.80%$500-3 Year Silver CD
0.65%$500-2 Year Silver CD
0.40%$500-1 Year Silver CD
0.40%$500-1 Year Home Buyer Silver Special CD
0.20%$1k-90 Day Silver CD
0.20%$1k-6 Month Silver CD

University Of Illinois Emps Credit Union IRA Rates

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1.15%$1k-5 Year IRA
0.85%$1k-4 Year IRA
0.55%$1k-3 Year IRA
0.40%$1k-2 Year IRA
0.15%$1k-1 Year IRA

Rates updated: 5/27/2012

Data for Q4 2011


Institution Statistics


UNIVERSITY OF ILLINOIS EMPS
NCUA #60583
BankRate ReportView
Year Chartered1932
Employees89
Primary Regulator

Assets and Liabilities

Assets$263.81 million
Loans$209.82 million
Deposits$239.63 million
Equity Capital$20.31 million
Loan Loss Allowance$985,000
Unbacked Noncurrent Loans$2.29 million

Historic Data - December 2010

Assets$252.64 million
Equity Capital$19.81 million
Loan Loss Allowance$1.10 million
Unbacked Noncurrent Loans$1.19 million

Profit Margin - Quarterly

Net Interest Margin4.61%
Return on Assets0.23%
Return on Equity2.95%
Interest Income$11.97 million
Non-Interest Income$4.93 million

Institution Health


Overall Score:
4 out of 5
4
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, 2011 University Of Illinois Emps Credit Union had $2.29 million in non-current loans and owned real-estate with $21.29 million in equity and loan loss allowances on hand to cover it. This gives University Of Illinois Emps Credit Union a Texas Ratio of 10.74% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend2
The Texas Ratio for University Of Illinois Emps Credit Union increased slightly from 5.67% as of December 31, 2010 to 10.74% as of December 31, 2011, resulting in a negative change of 89.42%. This indicates that the balance sheet and financial strength for University Of Illinois Emps Credit Union has declined slightly in recent periods.
Deposit Growth4
In the past year, University Of Illinois Emps Credit Union has increased its total deposits by $7.58 million, resulting in 3.27% 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 above average.
Capitalization3
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 $263.81 million in assets with $21.29 million in equity, resulting in a capitalization level of 8.07%, which is average.
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A Better Option, And Not For Profit
5 stars - Tenedor - Friday, July 15, 2011 - 5:53 PM

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.

2
 
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