Overview / Commentary
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 60th largest credit union in the nation. It was established in 1980 and as of June of 2019, it had grown to 589 employees and 260,883 members at 54 locations. BCU's savings 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.
See current membership details

Related Posts

BCU Offers 2.25% APY On 11-Month CD Special - 12/4/2019

BCU (formerly Baxter Credit Union) has added an 11-month CD Special, which earns 2.25% APY. Minimum opening deposit is $500, with no stated balance cap.

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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!



Health Grade Components

NCUA #68187
Year Chartered1980
Primary Regulator
Profit Margin
Return on Assets - YTD1.07%
Return on Equity - YTD11.07%
Annual Interest Income$88.0MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$3.65B$3.17B
LoansQ2 2019vs Q2 2018$3.24B$2.89B
DepositsQ2 2019vs Q2 2018$3.04B$2.74B
Equity CapitalQ2 2019vs Q2 2018$346.4MM$306.7MM
Loan Loss AllowanceQ2 2019vs Q2 2018$21.5MM$19.7MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$15.3MM$14.0MM
Real Estate OwnedQ2 2019vs Q2 2018$652.00K$98.00K
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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

2.50%*$25*$25kRainy Day Savings (After first 12 Months)
OTHER TIERS: 0.25% $25k+
1.25%$25$6.5kRainy Day Savings (First 12 Months)
0.05%--Regular Savings Account

BCU Money Market Rates

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

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

BCU CD Rates

2.30%$500-60 Month Rewards CD
2.25%$500-11 Month CD Special
2.25%$500-11 Month Reward CD Special
2.20%$500$25k36 Month Kid's Certificate
2.05%$500-60 Month CD
2.00%$500-48 Month Rewards CD
1.90%$500-36 Month Rewards CD
1.75%$500-48 Month CD
1.70%$500-24 Month Rewards CD
1.65%$500-36 Month CD
1.45%$500-24 Month CD
1.35%$500-12 Month Rewards CD
1.25%$500-12 Month CD
0.85%$500-6 Month Rewards CD
0.75%$500-6 Month CD
0.40%$500-3 Month Rewards CD
0.30%$500-3 Month CD


2.30%$500-60 Month Rewards IRA
2.05%$500-60 Month IRA
2.00%$500-48 Month Rewards IRA
1.90%$500-36 Month Rewards IRA
1.75%$500-48 Month IRA
1.70%$500-24 Month Rewards IRA
1.65%$500-36 Month IRA
1.45%$500-24 Month IRA
1.35%$500-12 Month Rewards IRA
1.25%$500-12 Month IRA


Chicago Area

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