BCU
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 2.00% | Reward Checking | POWERCHECKING 1.85% - National Average |
| 1.85% | 5-year CD | 60 Month CD Special 2.35% - Synchrony Bank 60 Month CD |
| 0.70% | 1-year CD | 12 Month CD 1.50% - Ally Bank No Penalty 11-Month CD |
BCU is headquartered in Vernon Hills and is the 4th largest credit union in the state of Illinois. It is also the 75th largest credit union in the nation. It was established in 1980 and as of June of 2017, it had grown to 534 employees and 215,808 members at 47 locations. BCU's money market rates are 82% higher than 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
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!
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.
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
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.
Data as of Q2 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68187 |
| Year Chartered | 1980 |
| Employees | 534 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.16% |
| Return on Equity - YTD | 11.71% |
| Annual Interest Income | $56.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2017vs Q2 2016 | $2.81B$2.58B |
| Loans | Q2 2017vs Q2 2016 | $2.51B$2.12B |
| Deposits | Q2 2017vs Q2 2016 | $2.42B$2.26B |
| Equity Capital | Q2 2017vs Q2 2016 | $279.0MM$246.7MM |
| Loan Loss Allowance | Q2 2017vs Q2 2016 | $16.2MM$15.8MM |
| Unbacked Noncurrent Loans | Q2 2017vs Q2 2016 | $7.5MM$8.5MM |
| Real Estate Owned | Q2 2017vs Q2 2016 | $809.00K$1.9MM |
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+ | |||||
| 1.50%† | - | - | Health Savings Account (HSA) | ||
| 1.25%† | $25 | $6,500 | Rainy Day Savings first consecutive 12 months | ||
| 0.05%† | - | - | Regular Savings Account | ||
BCU Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 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 | |
|---|---|---|---|---|---|
| 2.00%*† | - | $25k | PowerPlus Checking - Qualifying | ||
| OTHER TIERS: 0.25% → $25k+ | |||||
| 0.50%† | $5k | - | Premier Business Checking | ||
BCU CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.10%† | $500 | - | 60 Month Rewards CD Special | |
| 2.00%† | $500 | - | 48 Month Rewards CD | |
| 1.85%† | $500 | - | 60 Month CD Special | |
| 1.85%† | $500 | $25k | 36 Month Kid's Certificate | |
| 1.75%† | $500 | - | 48 Month CD | |
| 1.75%† | $500 | - | 30 Month Rewards CD Special | |
| 1.60%† | $500 | - | 36 Month Rewards CD | |
| 1.50%† | $500 | - | 30 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.10%† | $500 | - | 60 Month Rewards IRA Special | |
| 2.00%† | $500 | - | 48 Month Rewards IRA | |
| 1.85%† | $500 | - | 60 Month IRA Special | |
| 1.75%† | $500 | - | 48 Month IRA | |
| 1.75%† | $500 | - | 30 Month Rewards IRA Special | |
| 1.60%† | $500 | - | 36 Month Rewards IRA | |
| 1.50%† | $500 | - | 30 Month IRA 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 |
