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Overview / Commentary
800-388-7000
340 N Milwaukee Ave
Vernon Hills, IL 60061-1533

Baxter Credit Union is headquartered in Vernon Hills and is the 4th largest credit union in the state of Illinois. It is also the 75th largest credit union in the nation. It was established in 1980 and as of December of 2016, it had grown to 486 employees and 194,388 members at 38 locations. Baxter Credit Union has an A health rating.

Field of Membership Restrictions

Membership in Baxter Credit Union is open to the following: (1) those who live or work in McHenry, Lake, Kane, DuPage, or Cook County north of 95th Street South in Chicago; (2) those who live or work in Kenosha County in Wisconsin; (3) employees of Boston Scientific, Centegra Health Care, Rust-Oleum Corporation and other area Select Employer Groups.
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Will Never Give Them Up

I worked for Baxter (not the credit union) for 6 years and have been with the credit union for 7 now. I have never had an issue dealing with their shared branches, and I even lived for 3 years where there weren't any. This was made much easier because they were one of the first institutions to allow remote deposits of checks.

I have financed 2 vehicles through the credit union and I notice something interesting that they were quickly willing to share. THEIR CREDIT TIERS. I knew what my scores were roughly and they openly told me what I would qualify for before they pulled my credit. This alone made me a lifer.

I have only had to call their customer service a couple of times, the hold times were average, and the people who answered the phones were more than capable, and almost overly polite.

I love my credit union

Posted by: Chris2 | May 29, 2014

I like how my credit union seems to function. Puts it's members first before it's profits. BCU has a check deposit system on the phone, a mobile app that lets me view my balance anywhere. Though I don't use one of their physical buildings anywhere near me, the ability to do all my banking online is a very valuable asset.

Great credit union, friendly staff

Posted by: biyabmk | Jan 4, 2017

I've been with this credit union for over 10 years. I've never had a major problem with them. Even when I did have a problem, they were very patient with me. Best of all, they were polite and very respectful. What makes doing business even better is their great rates on savings and checking accounts. Compared to regular banks, they provide a better return on investment. I feel like they value me not just as a customer, but a sort of partner. I appreciate that and am very thankful. A good example is when I first open my savings account. It was quick and painless. The person did not try to sell me anything else or try to open a product I didn't need.

Watch Out For Fees

The credit union was very responsive to me and has been always been prompt with loan approvals and has competitive rates. The only mistake I made was that I opened their high rate savings account which has a lot of restrictions, especially on withdrawals. Since I did not read the disclosure I did not know that if I made more than 3 withdrawals in a year they would charge me $35.00 each time. My fault. They also have an early direct deposit feature which is nice. They post them a day in advance of your actual pay date. If you open any of their promotional accounts make sure you fully understand the fees. I would recommend them.

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Health

Health Grade Components

Overall
NCUA #68187
Year Chartered1980
Employees486
Primary Regulator
Profit Margin
Return on Assets - YTD1.1%
Return on Equity - YTD10.88%
Annual Interest Income$98.6MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$2.63B$2.36B
LoansQ4 2016vs Q4 2015$2.32B$2.06B
DepositsQ4 2016vs Q4 2015$2.29B$2.05B
Equity CapitalQ4 2016vs Q4 2015$262.4MM$234.5MM
Loan Loss AllowanceQ4 2016vs Q4 2015$15.8MM$15.7MM
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$8.1MM$7.3MM
Real Estate OwnedQ4 2016vs Q4 2015$1.7MM$2.0MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not Baxter Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Baxter Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%*$25*$25kRainy Day Savings after first 12 months
OTHER TIERS: 0.25% $25k+
1.50%--Health Savings Account (HSA)
1.25%$25$6,500Rainy Day Savings first consecutive 12 months
0.05%--Regular Savings Account

Baxter Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$500k*-Money Market Account
OTHER TIERS: 0.10% $1k - $25k | 0.20% $25k - $250k | 0.25% $250k - $500k
0.30%*$1k*-IRA Money Market Account
OTHER TIERS: 0.05% Up to $1k

Baxter Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*-$25kPowerPlus Checking - Qualifying
OTHER TIERS: 0.25% $25k+
0.50%--Premier Business Checking

Baxter Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.45%$500-60 Month Rewards CD
1.35%$50$25kSpecial 36 Month Kid's Certificate
1.35%$500-18 Month Rewards CD Special
1.30%$500-48 Month Rewards CD
1.20%$500-60 Month CD
1.10%$500-36 Month Rewards CD
1.10%$500-18 Month CD Special
1.05%$500-48 Month CD
0.90%$500-24 Month Rewards CD
0.85%$500-36 Month CD
0.65%$500-24 Month CD
0.55%$500-12 Month Rewards CD
0.45%$500-12 Month CD
0.35%$500-6 Month Rewards CD
0.25%$500-6 Month CD
0.25%$500-3 Month Rewards CD
0.15%$500-3 Month CD

Baxter Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.45%$500-60 Month Rewards IRA
1.35%$500-18 Month Rewards IRA Certificate Special
1.30%$500-48 Month Rewards IRA
1.20%$500-60 Month IRA
1.10%$500-36 Month Rewards IRA
1.10%$500-18 Month IRA Certificate Special
1.05%$500-48 Month IRA
0.90%$500-24 Month Rewards IRA
0.85%$500-36 Month IRA
0.65%$500-24 Month IRA
0.55%$500-12 Month Rewards IRA
0.45%$500-12 Month IRA
Locations

Baxter Credit Union has 38 locations. Click to view all Baxter Credit Union locations.