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BCU


Overview / Commentary
www.bcu.org
800-388-7000
340 N Milwaukee Ave
Vernon Hills, IL 60061

BCU is headquartered in Vernon Hills and is the 3rd largest credit union in the state of Illinois. It is also the 56th largest credit union in the nation. It was established in 1980 and as of December of 2023, it had grown to 801 employees and 350,088 members at 51 locations. BCU's money market rates are 10X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership in BCU is open to those who live or work in the Illinois counties of Cook (north of 95th Street South in Chicago), DuPage, McHenry, Lake, or Kane; Kenosha County, Wisconsin; or Puerto Rico. Employees of Boston Scientific, Centegra Health Care, Rust-Oleum Corporation and other area Select Employer Groups are also eligible. Immediate and extended family members of a current BCU member also qualify for membership.
See current membership details

Related Posts

7.5% APY, 5 Months $10K Maximum CD - 10/16/2023

This offer is only available through the website link below. BCU | Puerto Rico - Deposit Specials https://www.bcu.org/resources/campaign/pr-deposit-specials or Call 847-932-8165 to open an account and mention “Puerto Rico Specials”. Easy Membership through free subscription to Life. Money. You.® see link on the BCU website. NCUA insured. Note BCU is Baxter credit union located at Vernon Hills, Illinois.

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Reviews (17)

Great Credit Union!!

Posted by: |

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!

6

I love my credit union

Posted by: |

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.

7

Watch Out For Fees

Posted by: |

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.

5

Do Not Bank Here

Posted by: |

This is the worst place I have ever banked. Do not bank with them. They make you jump through hoops to access anything. Charge you fees for rush cards after youve been on the phone with them for 2 hours. Have supervisors that lie and say there is a different department that opens later to deal with getting you a new card, just to find out there is no other department. I have had multiple problems with BCU ever since I opened my account 5 years ago. I will be transferring all of my money out of the account after my next paycheck goes through and closing my accounts. The only good person to work here is Anna from Member Relations.

1
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Health
B+

Data as of Q4 2023

Learn why bank health matters

Health Grade Components

Overall
NCUA #68187
Year Chartered1980
Employees801
Primary Regulator
Profit Margin
Return on Assets - YTD0.67%
Return on Equity - YTD7.48%
Annual Interest Income$322.7MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$5.9B$5.75B
LoansQ4 2023vs Q4 2022$4.9B$4.82B
DepositsQ4 2023vs Q4 2022$4.51B$4.51B
Equity CapitalQ4 2023vs Q4 2022$525.4MM$504.8MM
Loan Loss AllowanceQ4 2023vs Q4 2022$52.4MM$29.2MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$40MM$21.2MM
Real Estate OwnedQ4 2023vs Q4 2022$249K$25K
Rates
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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.

BCU Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%$25k$50kRainy Day Savings (First 1 Month)
2.50%*$25k*$50kRainy Day Savings (First 1 Month) - Puerto Rico
OTHER TIERS: 2.00% → $25 - $25k
2.50%*$25k*$50kRainy Day Savings (After 1 Month)
OTHER TIERS: 0.01% → $50k+ | 2.00% → $25 - $25k
2.50%$25k$50kRainy Day Savings (After 1 Month) - Puerto Rico
0.01%--Regular Savings Account
0.01%--Regular Savings Account - Puerto Rico

BCU Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%*$15k*-Money Market Special (New Money) - Before 12 Month
OTHER TIERS: 0.05% → Up to $15k
4.25%*$15k*-Money Market Special (New Money) - Puerto Rico - Before 12 Month
OTHER TIERS: 0.05% → Up to $15k
1.75%*$15k*-Money Market Special (New Money) - After 12 Month
OTHER TIERS: 0.05% → Up to $15k
1.75%*$15k*-Money Market Special (New Money) - Puerto Rico - After 12 Month
OTHER TIERS: 0.05% → Up to $15k
0.80%*$500k*-Money Market Account
OTHER TIERS: 0.30% → $1k - $25k | 0.40% → $25k - $100k | 0.45% → $100k - $250k | 0.70% → $250k - $500k
0.80%*$500k*-Money Market Account - Puerto Rico
OTHER TIERS: 0.30% → $1k - $25k | 0.40% → $25k - $100k | 0.45% → $100k - $250k | 0.70% → $250k - $500k
0.50%*$1k*-IRA Money Market Account
OTHER TIERS: 0.05% → Up to $1k
0.50%*-$1kIRA Money Market Account - Puerto Rico
OTHER TIERS: 0.05% → $1k+

BCU Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%*-$15kPower Plus Checking Level - 2
OTHER TIERS: 0.01% → $15k+
4.00%*-$15kPower Plus Checking Level - 2 - Puerto Rico
OTHER TIERS: 0.01% → $15k+
2.00%*-$15kPowerPlus Checking
OTHER TIERS: 0.01% → $15k+
2.00%*-$15kPowerPlus Checking - Puerto Rico
OTHER TIERS: 0.01% → $15k+
0.25%$5k-Premier Business Checking

BCU CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%$500-11 Month Rewards CD Special
4.00%$500-11 Month CD Special - Puerto Rico
4.00%$500-30 Month Rewards CD Special
4.00%$500-30 Month Rewards CD Special - Puerto Rico
3.90%$500-11 Month CD Special
3.90%$500-11 Month Rewards CD Special - Puerto Rico
3.85%$500-22 Month Rewards CD Special
3.85%$500-22 Month Rewards CD Special - Puerto Rico
3.74%$500-30 Month CD Special
3.74%$500-30 Month CD Special - Puerto Rico
3.59%$500-22 Month CD Special
3.59%$500-22 Month CD Special - Puerto Rico
3.50%$500-65 Month Rewards CD Special
3.50%$500-65 Month Rewards CD Special - Puerto Rico
3.24%$500-65 Month CD Special
3.24%$500-65 Month CD Special - Puerto Rico
3.00%$500-13 Month No Penalty Rewards CD Special
3.00%$500-13 Month No Penalty Rewards CD Special - Puerto Rico
2.75%$500-7 Month No Penalty Rewards CD Special
2.75%$500-7 Month No Penalty CD Special - Puerto Rico
2.74%$500-13 Month No Penalty CD Special
2.74%$500-13 Month No Penalty CD Special - Puerto Rico
2.65%$500-7 Month No Penalty CD Special
2.65%$500-7 Month No Penalty Rewards CD Special - Puerto Rico
2.50%$500-6 Month Rewards CD
2.50%$500-12 Month Rewards CD
2.50%$500-6 Month Rewards CD - Puerto Rico
2.50%$500-12 Month Rewards CD - Puerto Rico
2.40%$500-12 Month CD
2.40%$500-6 Month CD
2.40%$500-6 Month CD - Puerto Rico
2.40%$500-12 Month CD - Puerto Rico
2.05%$500-24 Month Rewards CD
2.05%$500-24 Month Rewards CD - Puerto Rico
2.00%$500-36 Month Rewards CD
2.00%$500-48 Month Rewards CD
2.00%$500-60 Month Rewards CD
2.00%$500-36 Month Rewards CD - Puerto Rico
2.00%$500-48 Month Rewards CD - Puerto Rico
2.00%$500-60 Month Rewards CD - Puerto Rico
1.80%$500-24 Month CD
1.80%$500-24 Month CD - Puerto Rico
1.75%$500-60 Month CD
1.75%$500-48 Month CD
1.75%$500-36 Month CD
1.75%$500-36 Month CD - Puerto Rico
1.75%$500-48 Month CD - Puerto Rico
1.75%$500-60 Month CD - Puerto Rico
0.75%$500-3 Month Rewards CD
0.75%$500-3 Month Rewards CD - Puerto Rico
0.65%$500-3 Month CD
0.65%$500-3 Month CD - Puerto Rico

BCU IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%$500-30 Month Rewards IRA Special
4.00%$500-11 Month Rewards IRA Special
3.90%$500-11 Month IRA Special
3.74%$500-30 Month IRA Special
3.50%$500-65 Month Rewards IRA Special
3.24%$500-65 Month IRA Special
2.50%$500-12 Month Rewards IRA
2.40%$500-12 Month IRA
2.05%$500-24 Month Rewards IRA
2.00%$500-36 Month Rewards IRA
2.00%$500-48 Month Rewards IRA
2.00%$500-60 Month Rewards IRA
1.80%$500-24 Month IRA
1.75%$500-36 Month IRA
1.75%$500-48 Month IRA
1.75%$500-60 Month IRA
Locations

Availability

Chicago Area

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