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

BCU is headquartered in Vernon Hills and is the 4th largest credit union in the state of Illinois. It is also the 66th largest credit union in the nation. It was established in 1980 and as of June of 2018, it had grown to 563 employees and 240,202 members at 51 locations. BCU's money market rates are 5X 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.
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Related Posts

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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!

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.

Our Checking Account with Baxter Credit Union

Posted by: Hutchap | Dec 1, 2017

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.

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!

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Health

Health Grade Components

Overall
NCUA #68187
Year Chartered1980
Employees563
Primary Regulator
Profit Margin
Return on Assets - YTD1.07%
Return on Equity - YTD10.91%
Annual Interest Income$71.5MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$3.17B$2.81B
LoansQ2 2018vs Q2 2017$2.89B$2.51B
DepositsQ2 2018vs Q2 2017$2.74B$2.42B
Equity CapitalQ2 2018vs Q2 2017$306.7MM$279.0MM
Loan Loss AllowanceQ2 2018vs Q2 2017$19.7MM$16.2MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$14.0MM$7.5MM
Real Estate OwnedQ2 2018vs Q2 2017$98.00K$809.00K
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.

† 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%*$25*$25kRainy Day Savings after first 12 months
OTHER TIERS: 0.25% $25k+
1.25%$25$6.5kRainy Day Savings first consecutive 12 months
0.05%--Regular Savings Account

BCU Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%--Investor Money Market (New Money)
1.75%*$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

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*-$15kPowerPlus Checking - Qualifying
OTHER TIERS: 0.05% $15k+
0.50%$5k-Premier Business Checking

BCU CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.05%$500-65 Month Rewards CD Special
2.80%$500-65 Month CD Special
2.75%$500-30 Month Rewards CD Special
2.50%$500-30 Month CD Special
2.50%$500-11 Month CD Special (New Money Only)
2.50%$500-11 Month Rewards CD Special (New Money Only)
2.40%$500-60 Month Rewards CD
2.20%$500-48 Month Rewards CD
2.20%$500$25k36 Month Kid's Certificate
2.15%$500-60 Month CD
1.95%$500-48 Month CD
1.95%$500-36 Month Rewards CD
1.70%$500-36 Month CD
1.60%$500-24 Month Rewards CD
1.35%$500-24 Month CD
1.30%$500-12 Month Rewards CD
1.20%$500-12 Month CD
0.95%$500-6 Month Rewards CD
0.85%$500-6 Month CD
0.85%$500-3 Month Rewards CD
0.75%$500-3 Month CD

BCU IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.05%$500-65 Month Rewards IRA Special
2.80%$500-65 Month IRA Special
2.75%$500-30 Month Rewards IRA Special
2.50%$500-30 Month IRA Special
2.40%$500-60 Month Rewards IRA
2.20%$500-48 Month Rewards IRA
2.15%$500-60 Month IRA
1.95%$500-48 Month IRA
1.95%$500-36 Month Rewards IRA
1.70%$500-36 Month IRA
1.60%$500-24 Month Rewards IRA
1.35%$500-24 Month IRA
1.30%$500-12 Month Rewards IRA
1.20%$500-12 Month IRA
Locations

Availability



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