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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 70th largest credit union in the nation. It was established in 1980 and as of March of 2016, it had grown to 464 employees and 206,692 members at 37 locations. Baxter Credit Union has an A health rating.

Field of Membership Restrictions

Baxter CU is open to any and every employee, no matter their status, of the select site listed affiliated employee groups, people who reside or hold employment in one of the site listed qualifying counties, or you have a family member who is a current Baxter CU member. A full list of CU-affiliated employer groups and qualifying counties can be reviewed through their website from the 'About-Us' page under the 'Membership' heading following the 'Membership-Eligibility' link.
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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.

More Ways To Meet The Monthly Requirements

We chose to open a Powerchecking account at BCU a little over 2 years ago. Though it didn't have the highest interest rate, we chose it over other high-yield checking accounts because of a single feature: whereas most other accounts only count debit card transactions toward the monthly minimum, BCU counts bill payments and ACH transfers as well.  Since we use online bill payment a lot, it's been a good fit.

Staffers were responsive to our questions during and shortly after account setup, and we haven't needed to communicate with BCU much since then.

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.

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
A

Health Grade Components

Overall
NCUA #68187
Year Chartered1980
Employees464
Primary Regulator
Profit Margin
Return on Assets - YTD1.09%
Return on Equity - YTD11.06%
Annual Interest Income$23.9MM
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$2.54B$2.25B
LoansQ1 2016vs Q1 2015$2.07B$1.88B
DepositsQ1 2016vs Q1 2015$2.23B$1.98B
Equity CapitalQ1 2016vs Q1 2015$241.3MM$213.0MM
Loan Loss AllowanceQ1 2016vs Q1 2015$15.6MM$17.4MM
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$7.0MM$8.0MM
Real Estate OwnedQ1 2016vs Q1 2015$2.2MM$1.0MM
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
0.35%*$500k*-Money Market Account
OTHER TIERS: 0.15% $1k - $25k | 0.25% $25k - $250k | 0.30% $250k - $500k
0.35%*$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
1.30%$500-48 Month Rewards CD
1.25%$500-30 Month Rewards CD Special
1.20%$500-60 Month CD
1.10%$500-36 Month Rewards CD
1.05%$500-48 Month CD
1.00%$500-30 Month CD Special
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
1.30%$500-48 Month Rewards IRA
1.25%$500-30 Month Rewards IRA Special
1.20%$500-60 Month IRA
1.10%$500-36 Month Rewards IRA
1.05%$500-48 Month IRA
1.00%$500-30 Month IRA Special
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 37 locations. Click to view all Baxter Credit Union locations.