BCU
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 3.00% | Reward Checking | 2.02% - National Average |
| 2.80% | 5-year CD | 3.10% - Barclays 60 Month Online CD |
| 2.50% | 1-year CD | 2.55% - Barclays 12 Month Online CD |
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.
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!
I love my credit union
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
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!
Data as of Q2 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68187 |
| Year Chartered | 1980 |
| Employees | 563 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.07% |
| Return on Equity - YTD | 10.91% |
| Annual Interest Income | $71.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2018vs Q2 2017 | $3.17B$2.81B |
| Loans | Q2 2018vs Q2 2017 | $2.89B$2.51B |
| Deposits | Q2 2018vs Q2 2017 | $2.74B$2.42B |
| Equity Capital | Q2 2018vs Q2 2017 | $306.7MM$279.0MM |
| Loan Loss Allowance | Q2 2018vs Q2 2017 | $19.7MM$16.2MM |
| Unbacked Noncurrent Loans | Q2 2018vs Q2 2017 | $14.0MM$7.5MM |
| Real Estate Owned | Q2 2018vs Q2 2017 | $98.00K$809.00K |
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 | $6.5k | Rainy Day Savings first consecutive 12 months | ||
| 0.05%† | - | - | Regular Savings Account | ||
BCU Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 3.00%*† | - | $25k | PowerPlus Checking - Qualifying | ||
| OTHER TIERS: 0.05% → $25k+ | |||||
| 0.50%† | $5k | - | Premier Business Checking | ||
BCU CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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 | $25k | 36 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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 |
