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Baxter Credit Union

Popular Accounts at this Credit Union

2.00%Reward CheckingPOWERCHECKING
1.85%5-year CD60 Month CD Special
0.55%1-year CD12 Month CD

Overview / Commentary
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 73rd largest credit union in the nation. It was established in 1980 and as of March of 2017, it had grown to 493 employees and 210,146 members at 39 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.
See current membership details

Related Posts

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Excellent Service - Skip The Big Banks

I love being a member of BCU because it feels a lot more personal than banking with a huge institution. Even the things that could be considered downsides, like fewer ATMs, are mitigated by the fact that the credit union does not charge huge fees for many other services. Additionally, different credit unions usually have an agreement with one another, so if you can find a credit union ATM, you usually won't be charged a fee, even it it's not YOUR credit union. My only beef with BCU is that cashier's checks used to be free, but they started charging a $3 fee for them a year or two ago. Now, it's not that big a deal, because I only need cashier's checks once or twice a year, but I liked that they were free. I feel like $3 for a piece of paper is a little outrageous. That being said, the "big bank" I used to use charged $10, so I suppose $3 isn't too bad in comparison!

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.



Health Grade Components

NCUA #68187
Year Chartered1980
Primary Regulator
Profit Margin
Return on Assets - YTD1.17%
Return on Equity - YTD11.72%
Annual Interest Income$27.3MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$2.80B$2.54B
LoansQ1 2017vs Q1 2016$2.41B$2.07B
DepositsQ1 2017vs Q1 2016$2.46B$2.23B
Equity CapitalQ1 2017vs Q1 2016$270.3MM$241.3MM
Loan Loss AllowanceQ1 2017vs Q1 2016$15.6MM$15.6MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$7.4MM$7.0MM
Real Estate OwnedQ1 2017vs Q1 2016$1.7MM$2.2MM
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* 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

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

0.45%*$500k*-Money Market Account
OTHER TIERS: 0.10% $1k - $25k | 0.20% $25k - $100k | 0.25% $100k - $250k | 0.35% $250k - $500k
0.30%*$1k*-IRA Money Market Account
OTHER TIERS: 0.05% Up to $1k

Baxter Credit Union Checking Account Rates

2.00%*-$25kPowerPlus Checking - Qualifying
OTHER TIERS: 0.25% $25k+
0.50%$5k-Premier Business Checking

Baxter Credit Union CD Rates

2.10%$500-60 Month Rewards CD Special
1.85%$500-60 Month CD Special
1.75%$500-30 Month Rewards CD Special
1.50%$500-48 Month Rewards CD
1.50%$500-30 Month CD Special
1.45%$500$25k36 Month Kid's Certificate
1.25%$500-48 Month CD
1.20%$500-36 Month Rewards CD
1.00%$500-24 Month Rewards CD
0.95%$500-36 Month CD
0.75%$500-24 Month CD
0.65%$500-12 Month Rewards CD
0.55%$500-12 Month CD
0.50%$500-6 Month Rewards CD
0.45%$500-3 Month Rewards CD
0.40%$500-6 Month CD
0.35%$500-3 Month CD

Baxter Credit Union IRA Rates

2.10%$500-60 Month Rewards IRA Special
1.85%$500-60 Month IRA Special
1.75%$500-30 Month Rewards IRA Special
1.50%$500-48 Month Rewards IRA
1.50%$500-30 Month IRA Special
1.25%$500-48 Month IRA
1.20%$500-36 Month Rewards IRA
1.00%$500-24 Month Rewards IRA
0.95%$500-36 Month IRA
0.75%$500-24 Month IRA
0.65%$500-12 Month Rewards IRA
0.55%$500-12 Month IRA

Baxter Credit Union has 39 locations. Click to view all Baxter Credit Union locations.