BCU
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 2.00% | Reward Checking | POWERCHECKING 1.93% - National Average |
| 2.25% | 5-year CD | 65 Month CD Special 2.50% - Ally Bank High Yield 5 Year CD |
| 2.00% | 1-year CD | 11 Month CD Special (New Money Only) |
BCU 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 December of 2017, it had grown to 534 employees and 226,754 members at 50 locations. BCU's money market rates are 4X the national average, and it has an A health rating.
Field of Membership Restrictions
Membership in BCU 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
5/12/09 - 2.65% 11-Month CD at Baxter Credit Union in IL & WI
4/1/09 - 2.85% 13-Month CD at Baxter Credit Union in IL & WI
9/28/07 - 5.45% 6-Month / 5.45% 24-Month CD at an Illinois CU (Baxter)
3/19/07 - 5.75% 13-Month CD at an Illinois CU (Baxter)
Great Credit Union!!
Everything about this credit union is great! They offer early direct deposit so I have access to my paycheck early. Great savings rates. Enjoy their credit card, and a very easy process I went thru to get a credit line increase. Everyone is always very friendly when I have called in, and the mobile deposit process is a breeze. There are not any branches around me, however, I like the fact that I can make ATM deposits at PNC bank, or I can visit any shared branch credit union. BCU called me also and told me they were able to save me a large amount of money if I switched over my auto loan from Wells Fargo. I gave them the chance, and my monthly payment went down $90.00 a month without an extension in my loan term. On top of this when my loan closed they gave me $100.00 as a thank you for bringing my loan over. BCU has earned my membership for life!
BCU - No Complaints
My spouse was employed with a business that offered BCU membership as an additional perk. We opened up a savings account to funnel money into for a future car purchase. We also opened an additional savings account for my young son. The rates were competitive and the rare time we've had to speak to anyone, the folks there are always friendly. We did notice that they offered a discount on auto loans (.5%), so we did look into it and completed all of the paperwork (lots - they are thorough). Turns out that we didn't use it as we got a better deal through the dealership, but it was nice to have the option. My only complaint is that there aren't many physical branches in our location. My son likes to deposit cash into his account and we have to plan a trip to do so.
Our Checking Account with Baxter Credit Union
Baxter Credit Union is a credit union associated with my husband's employer. We found that their checking account product offered a slightly higher interest rate than we currently had with our bank. Customer Service for our checking account with this credit union has been okay. Our main interaction with the main branch of the credit union has been when we have needed to replace a lost card, or when our debit card was incorrectly declined by a store. These interactions have been fine. I will say that when using an associated credit union branch, there tends to be issues when making a deposit. The deposit tickets that Baxter provides us with have too many numbers for our account, and the branch cannot figure out which numbers to use. This has actually been our main problem with them. Branch deposits taking a long time while the staff tries to figure out how to account our for our money is a reason we have considered moving our money out of the credit union. I have taken to highlighting the numbers on our deposit tickets so that the branch will know where the account number actually starts and stops, which has sped things up a little. Otherwise, our experience with this credit union has been satisfactory.
Not Worth It
I have been with this bank since I believe a week before Valentines day. When I received my debit card I tried using it at the grocery store. Well I had an issue with the card not working. The funds were there but my card was not being accepted. I called the bank while in the store, response time is pretty good and all in all after trying to figure out the issue I just wasn't able to use my card. So I was suppose to be overnighted a card. The next day comes and I have an email delivery confirmation but no card. It was sent to the wrong address! So I call again only to be told I now have to wait 7-10 days for a card. I'm on my 11th day and have not gotten a card it's been 3 almost 4 weeks that I've had the account and the card issue. I call again only to be told that I have to wait at least 1 business day to talk to someone about getting me a card. Yeah not worth it.
Data as of Q4 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68187 |
| Year Chartered | 1980 |
| Employees | 534 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.97% |
| Return on Equity - YTD | 9.68% |
| Annual Interest Income | $117.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2017vs Q4 2016 | $2.95B$2.63B |
| Loans | Q4 2017vs Q4 2016 | $2.72B$2.32B |
| Deposits | Q4 2017vs Q4 2016 | $2.50B$2.29B |
| Equity Capital | Q4 2017vs Q4 2016 | $290.6MM$262.4MM |
| Loan Loss Allowance | Q4 2017vs Q4 2016 | $18.1MM$15.8MM |
| Unbacked Noncurrent Loans | Q4 2017vs Q4 2016 | $11.7MM$8.1MM |
| Real Estate Owned | Q4 2017vs Q4 2016 | $39.00K$1.7MM |
Always verify rates and promotions with the bank or credit union. We are not BCU; 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.
BCU Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.50%*† | $25* | $25k | Rainy Day Savings after first 12 months | ||
| OTHER TIERS: 0.25% → $25k+ | |||||
| 1.25%† | $25 | $6,500 | Rainy Day Savings first consecutive 12 months | ||
| 0.05%† | - | - | Regular Savings Account | ||
BCU Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.60%† | - | - | Investor Money Market (New Money) | ||
| 1.40%*† | $15k* | - | Money Market Special (New Money) | ||
| OTHER TIERS: 0.05% → Up to $15k | |||||
| 1.25%*† | $1k* | - | IRA Money Market Account | ||
| OTHER TIERS: 0.05% → Up to $1k | |||||
| 0.80%*† | $500k* | - | Money Market Account | ||
| OTHER TIERS: 0.10% → $1k - $25k | 0.20% → $25k - $100k | 0.25% → $100k - $250k | 0.65% → $250k - $500k | |||||
BCU Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.00%*† | - | $25k | PowerPlus Checking - Qualifying | ||
| OTHER TIERS: 0.25% → $25k+ | |||||
| 0.50%† | $5k | - | Premier Business Checking | ||
BCU CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.50%† | $500 | - | 65 Month Rewards CD Special | |
| 2.25%† | $500 | - | 65 Month CD Special | |
| 2.20%† | $500 | - | 60 Month Rewards CD | |
| 2.20%† | $500 | $25k | 36 Month Kid's Certificate | |
| 2.10%† | $500 | - | 48 Month Rewards CD | |
| 2.05%† | $500 | - | 18 Month Rewards CD Special | |
| 2.00%† | $500 | - | 11 Month CD Special (New Money Only) | |
| 1.95%† | $500 | - | 60 Month CD | |
| 1.95%† | $500 | - | 36 Month Rewards CD | |
| 1.85%† | $500 | - | 48 Month CD | |
| 1.80%† | $500 | - | 18 Month CD Special | |
| 1.70%† | $500 | - | 36 Month CD | |
| 1.35%† | $500 | - | 24 Month Rewards CD | |
| 1.25%† | $500 | - | 12 Month Rewards CD | |
| 1.15%† | $500 | - | 12 Month CD | |
| 1.10%† | $500 | - | 24 Month CD | |
| 0.85%† | $500 | - | 6 Month Rewards CD | |
| 0.80%† | $500 | - | 3 Month Rewards CD | |
| 0.75%† | $500 | - | 6 Month CD | |
| 0.70%† | $500 | - | 3 Month CD |
BCU IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.50%† | $500 | - | 65 Month Rewards IRA Special | |
| 2.25%† | $500 | - | 65 Month IRA Special | |
| 2.20%† | $500 | - | 60 Month Rewards IRA | |
| 2.10%† | $500 | - | 48 Month Rewards IRA | |
| 2.05%† | $500 | - | 18 Month Rewards IRA Certificate Special | |
| 1.95%† | $500 | - | 60 Month IRA | |
| 1.95%† | $500 | - | 36 Month Rewards IRA | |
| 1.85%† | $500 | - | 48 Month IRA | |
| 1.80%† | $500 | - | 18 Month IRA Certificate Special | |
| 1.70%† | $500 | - | 36 Month IRA | |
| 1.35%† | $500 | - | 24 Month Rewards IRA | |
| 1.25%† | $500 | - | 12 Month Rewards IRA | |
| 1.15%† | $500 | - | 12 Month IRA | |
| 1.10%† | $500 | - | 24 Month IRA |
