BCU


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 56th largest credit union in the nation. It was established in 1980 and as of March of 2021, it had grown to 723 employees and 295,548 members at 57 locations. BCU's money market rates are 25% 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

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

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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.

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!

Highly Recommend BCU

I have been banking with Baxter Credit Union for just under a year now. They do not operate any branches in my state, so I have become very familiar with their customer service department. Recently my employer changed payroll companies and I was asked to submit a blank check or direct deposit form. I do not use paper checks so I called BCU and was immediately connected to an extremely helpful representative. I explained my issue and that I could not wait on a form to be mailed to me. The representative immediately typed up a direct deposit verification form and securely emailed it to me via Docusign. The entire process took less than ten minutes to complete and I have never been more pleased with a financial institution. I highly recommend BCU to anyone who is eligible for membership.

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Health

Health Grade Components

Overall
NCUA #68187
Year Chartered1980
Employees723
Primary Regulator
Profit Margin
Return on Assets - YTD2.24%
Return on Equity - YTD23.96%
Annual Interest Income$41.4MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$4.97B$4.00B
LoansQ1 2021vs Q1 2020$3.86B$3.39B
DepositsQ1 2021vs Q1 2020$4.30B$3.29B
Equity CapitalQ1 2021vs Q1 2020$441.5MM$374.8MM
Loan Loss AllowanceQ1 2021vs Q1 2020$36.3MM$27.1MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$10.6MM$18.1MM
Real Estate OwnedQ1 2021vs Q1 2020$61.00K$404.00K
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.

BCU Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$25*$25kRainy Day Savings (After first 12 Months)
OTHER TIERS: 0.01% $25k+
1.00%$25$6.5kRainy Day Savings (First 12 Months)
0.01%--Regular Savings Account

BCU Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.55%*$15k*-Money Market Special - New Money
OTHER TIERS: 0.05% Up to $15k
0.50%*$1k*-IRA Money Market Account
OTHER TIERS: 0.05% Up to $1k
0.40%*$500k*-Money Market Account
OTHER TIERS: 0.05% $1k - $25k | 0.10% $25k - $100k | 0.15% $100k - $250k | 0.30% $250k - $500k

BCU Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*-$15kPowerPlus Checking - Qualifying
OTHER TIERS: 0.01% $15k+
0.25%$5k-Premier Business Checking

BCU CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.90%$500-60 Month Rewards CD
0.80%$500-48 Month Rewards CD
0.75%$500-11 Month CD Special
0.75%$500-11 Month Reward CD Special
0.70%$500-36 Month Rewards CD
0.65%$500-60 Month CD
0.60%$500-24 Month Rewards CD
0.55%$500-48 Month CD
0.50%$500-12 Month Rewards CD
0.45%$500-36 Month CD
0.40%$500-12 Month CD
0.35%$500-24 Month CD
0.35%$500-6 Month Rewards CD
0.25%$500-6 Month CD
0.25%$500-3 Month Rewards CD
0.15%$500-3 Month CD

BCU IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.90%$500-60 Month Rewards IRA
0.80%$500-48 Month Rewards IRA
0.70%$500-36 Month Rewards IRA
0.65%$500-60 Month IRA
0.60%$500-24 Month Rewards IRA
0.55%$500-48 Month IRA
0.50%$500-12 Month Rewards IRA
0.45%$500-36 Month IRA
0.40%$500-12 Month IRA
0.35%$500-24 Month IRA
Locations

Availability

Chicago Area

Interactive local rates map


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