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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 74th largest credit union in the nation. It was established in 1980 and as of September of 2017, it had grown to 527 employees and 227,036 members at 47 locations. BCU's money market rates are 3X 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 (IL/WI) Adds Limited-Time 11-Month CD Special - 11/7/2017

BCU (IL/WI) is offering an 11-month CD Special (1.65% APY, $500+ new money) and Money Market Special (1.25% APY, $15k+ new money) through December 31, 2017.

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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!

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.

Great credit union, friendly staff

Posted by: biyabmk | Jan 4, 2017

I've been with this credit union for over 10 years. I've never had a major problem with them. Even when I did have a problem, they were very patient with me. Best of all, they were polite and very respectful. What makes doing business even better is their great rates on savings and checking accounts. Compared to regular banks, they provide a better return on investment. I feel like they value me not just as a customer, but a sort of partner. I appreciate that and am very thankful. A good example is when I first open my savings account. It was quick and painless. The person did not try to sell me anything else or try to open a product I didn't need.

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.

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Health

Health Grade Components

Overall
NCUA #68187
Year Chartered1980
Employees527
Primary Regulator
Profit Margin
Return on Assets - YTD1.09%
Return on Equity - YTD10.76%
Annual Interest Income$87.3MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$2.85B$2.58B
LoansQ3 2017vs Q3 2016$2.61B$2.23B
DepositsQ3 2017vs Q3 2016$2.41B$2.25B
Equity CapitalQ3 2017vs Q3 2016$285.7MM$253.7MM
Loan Loss AllowanceQ3 2017vs Q3 2016$17.4MM$15.8MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$11.1MM$9.1MM
Real Estate OwnedQ3 2017vs Q3 2016$1.2MM$2.7MM
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$6,500Rainy Day Savings first consecutive 12 months
0.05%--Regular Savings Account

BCU Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.40%--Investor Money Market (New Money)
1.25%*$1k*-IRA Money Market Account
OTHER TIERS: 0.05% Up to $1k
1.25%*$15k*-Money Market Special (New Money)
OTHER TIERS: 0.05% Up to $15k
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
2.00%*-$25kPowerPlus Checking - Qualifying
OTHER TIERS: 0.25% $25k+
0.50%$5k-Premier Business Checking

BCU CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.35%$500-65 Month Rewards CD Special
2.10%$500-60 Month Rewards CD
2.10%$500-65 Month CD Special
2.00%$500-48 Month Rewards CD
1.85%$500-60 Month CD
1.85%$500-18 Month Rewards CD Special
1.85%$500$25k36 Month Kid's Certificate
1.75%$500-48 Month CD
1.65%$500-11 Month CD Special (New Money Only)
1.60%$500-36 Month Rewards CD
1.60%$500-18 Month CD Special
1.35%$500-36 Month CD
1.10%$500-24 Month Rewards CD
0.85%$500-24 Month CD
0.80%$500-12 Month Rewards CD
0.70%$500-12 Month CD
0.60%$500-6 Month Rewards CD
0.55%$500-3 Month Rewards CD
0.50%$500-6 Month CD
0.45%$500-3 Month CD

BCU IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.35%$500-65 Month Rewards IRA Special
2.10%$500-60 Month Rewards IRA
2.10%$500-65 Month IRA Special
2.00%$500-48 Month Rewards IRA
1.85%$500-60 Month IRA
1.85%$500-18 Month Rewards IRA Certificate Special
1.75%$500-48 Month IRA
1.60%$500-36 Month Rewards IRA
1.60%$500-18 Month IRA Certificate Special
1.35%$500-36 Month IRA
1.10%$500-24 Month Rewards IRA
0.85%$500-24 Month IRA
0.80%$500-12 Month Rewards IRA
0.70%$500-12 Month IRA
Locations

Availability