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 58th largest credit union in the nation. It was established in 1980 and as of June of 2020, it had grown to 644 employees and 271,647 members at 55 locations. BCU's money market rates are 48% 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

Posted by: |

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.

Not Worth It

Posted by: |

I have been with this bank since I believe a week before Valentines day. When I received my debit card I tried using it at the grocery store. Well I had an issue with the card not working. The funds were there but my card was not being accepted. I called the bank while in the store, response time is pretty good and all in all after trying to figure out the issue I just wasn't able to use my card. So I was suppose to be overnighted a card. The next day comes and I have an email delivery confirmation but no card. It was sent to the wrong address! So I call again only to be told I now have to wait 7-10 days for a card. I'm on my 11th day and have not gotten a card it's been 3 almost 4 weeks that I've had the account and the card issue. I call again only to be told that I have to wait at least 1 business day to talk to someone about getting me a card. Yeah not worth it.

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!

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Health

Health Grade Components

Overall
NCUA #68187
Year Chartered1980
Employees644
Primary Regulator
Profit Margin
Return on Assets - YTD0.5%
Return on Equity - YTD5.43%
Annual Interest Income$84.1MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$4.31B$3.65B
LoansQ2 2020vs Q2 2019$3.45B$3.24B
DepositsQ2 2020vs Q2 2019$3.60B$3.04B
Equity CapitalQ2 2020vs Q2 2019$380.5MM$346.4MM
Loan Loss AllowanceQ2 2020vs Q2 2019$30.0MM$21.5MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$15.3MM$15.3MM
Real Estate OwnedQ2 2020vs Q2 2019$547.00K$652.00K
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
0.65%*$15k*-Money Market Special - New Money
OTHER TIERS: 0.05% Up to $15k
0.40%*$500k*-Money Market Account
OTHER TIERS: 0.05% $1k - $25k | 0.10% $25k - $100k | 0.15% $100k - $250k | 0.30% $250k - $500k
0.40%*$1k*-IRA Money Market Account
OTHER TIERS: 0.05% Up to $1k

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
1.00%$500-60 Month Rewards CD
0.90%$500-48 Month Rewards CD
0.80%$500-36 Month Rewards CD
0.75%$500-60 Month CD
0.70%$500-24 Month Rewards CD
0.65%$500-48 Month CD
0.60%$500-12 Month Rewards CD
0.55%$500-36 Month CD
0.50%$500-12 Month CD
0.45%$500-24 Month CD
0.35%$500-6 Month Rewards CD
0.25%$500-6 Month CD
0.15%$500-3 Month Rewards CD
0.05%$500-3 Month CD

BCU IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$500-60 Month Rewards IRA
0.90%$500-48 Month Rewards IRA
0.80%$500-36 Month Rewards IRA
0.75%$500-60 Month IRA
0.70%$500-24 Month Rewards IRA
0.65%$500-48 Month IRA
0.60%$500-12 Month Rewards IRA
0.55%$500-36 Month IRA
0.50%$500-12 Month IRA
0.45%$500-24 Month IRA
Locations

Availability



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