BCU


Overview / Commentary
800-388-7000
340 N Milwaukee Ave
Vernon Hills, IL 60061

BCU is headquartered in Vernon Hills and is the 3rd 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 September of 2023, it had grown to 820 employees and 348,741 members at 52 locations. BCU's money market rates are 10X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership in BCU is open to those who live or work in the Illinois counties of Cook (north of 95th Street South in Chicago), DuPage, McHenry, Lake, or Kane; Kenosha County, Wisconsin; or Puerto Rico. Employees of Boston Scientific, Centegra Health Care, Rust-Oleum Corporation and other area Select Employer Groups are also eligible. Immediate and extended family members of a current BCU member also qualify for membership.
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.

Do NOT BANK WITH THIS BANK

This bank scams people out of their money. Then when you call to get your money back they say they will send to the state and they will issue the refund. Do you know how long that will take? Reasoning is they not sure if I qualify to be a member! Well in that case refund the money to the payment it was made with. A bunch of scammers and I would not recommend them to my worse enemy!

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
B+

Health Grade Components

Overall
NCUA #68187
Year Chartered1980
Employees820
Primary Regulator
Profit Margin
Return on Assets - YTD0.68%
Return on Equity - YTD7.94%
Annual Interest Income$237.9MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$5.92B$5.69B
LoansQ3 2023vs Q3 2022$4.89B$4.71B
DepositsQ3 2023vs Q3 2022$4.54B$4.44B
Equity CapitalQ3 2023vs Q3 2022$502.7MM$486.2MM
Loan Loss AllowanceQ3 2023vs Q3 2022$55.6MM$30.1MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$33MM$18.6MM
Real Estate OwnedQ3 2023vs Q3 2022$0$0
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
2.50%*$25k*$50kRainy Day Savings (First 1 Month)
OTHER TIERS: 2.00% $25 - $25k
2.50%*$25k*$50kRainy Day Savings (First 1 Month) - Puerto Rico
OTHER TIERS: 2.00% $25 - $25k
2.50%*$25k*$50kRainy Day Savings (After 1 Month)
OTHER TIERS: 0.01% $50k+ | 2.00% $25 - $25k
2.50%*$25k*$50kRainy Day Savings (After 1 Month) - Puerto Rico
OTHER TIERS: 0.01% $50k+ | 2.00% $25 - $25k
0.01%--Regular Savings Account
0.01%--Regular Savings Account - Puerto Rico

BCU Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%*$15k*-Money Market Special (New Money) - Before 12 Month
OTHER TIERS: 0.05% Up to $15k
4.25%*$15k*-Money Market Special (New Money) - Puerto Rico - Before 12 Month
OTHER TIERS: 0.05% Up to $15k
1.75%*$15k*-Money Market Special (New Money) - After 12 Month
OTHER TIERS: 0.05% Up to $15k
1.75%*$15k*-Money Market Special (New Money) - Puerto Rico - After 12 Month
OTHER TIERS: 0.05% Up to $15k
0.80%*$500k*-Money Market Account
OTHER TIERS: 0.30% $1k - $25k | 0.40% $25k - $100k | 0.45% $100k - $250k | 0.70% $250k - $500k
0.80%*$500k*-Money Market Account - Puerto Rico
OTHER TIERS: 0.30% $1k - $25k | 0.40% $25k - $100k | 0.45% $100k - $250k | 0.70% $250k - $500k
0.50%*$1k*-IRA Money Market Account
OTHER TIERS: 0.05% Up to $1k
0.50%*-$1kIRA Money Market Account - Puerto Rico
OTHER TIERS: 0.05% $1k+

BCU Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%*-$15kPower Plus Checking Level - 2
OTHER TIERS: 0.01% $15k+
4.00%*-$15kPower Plus Checking Level - 2 - Puerto Rico
OTHER TIERS: 0.01% $15k+
2.00%*-$15kPowerPlus Checking
OTHER TIERS: 0.01% $15k+
2.00%*-$15kPowerPlus Checking - Puerto Rico
OTHER TIERS: 0.01% $15k+
0.25%$5k-Premier Business Checking

BCU CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%$500-11 Month Rewards CD Special
4.00%$500-11 Month CD Special - Puerto Rico
3.90%$500-11 Month CD Special
3.90%$500-11 Month Rewards CD Special - Puerto Rico
3.90%$500-22 Month Rewards CD Special
3.90%$500-22 Month Rewards CD Special - Puerto Rico
3.85%$500-30 Month Rewards CD Special
3.85%$500-30 Month Rewards CD Special - Puerto Rico
3.75%$500-65 Month Rewards CD Special
3.75%$500-65 Month Rewards CD Special - Puerto Rico
3.64%$500-22 Month CD Special
3.64%$500-22 Month CD Special - Puerto Rico
3.59%$500-30 Month CD Special
3.59%$500-30 Month CD Special - Puerto Rico
3.49%$500-65 Month CD Special
3.49%$500-65 Month CD Special - Puerto Rico
3.00%$500-6 Month Rewards CD
3.00%$500-12 Month Rewards CD
3.00%$500-7 Month No Penalty Rewards CD Special
3.00%$500-6 Month Rewards CD - Puerto Rico
3.00%$500-7 Month No Penalty CD Special - Puerto Rico
3.00%$500-12 Month Rewards CD - Puerto Rico
2.90%$500-12 Month CD
2.90%$500-6 Month CD
2.90%$500-7 Month No Penalty CD Special
2.90%$500-6 Month CD - Puerto Rico
2.90%$500-7 Month No Penalty Rewards CD Special - Puerto Rico
2.90%$500-12 Month CD - Puerto Rico
2.75%$500-13 Month No Penalty Rewards CD Special
2.75%$500-13 Month No Penalty Rewards CD Special - Puerto Rico
2.49%$500-13 Month No Penalty CD Special
2.49%$500-13 Month No Penalty CD Special - Puerto Rico
2.20%$500-48 Month Rewards CD
2.20%$500-60 Month Rewards CD
2.20%$500-48 Month Rewards CD - Puerto Rico
2.20%$500-60 Month Rewards CD - Puerto Rico
2.10%$500-36 Month Rewards CD
2.10%$500-36 Month Rewards CD - Puerto Rico
2.05%$500-24 Month Rewards CD
2.05%$500-24 Month Rewards CD - Puerto Rico
1.95%$500-60 Month CD
1.95%$500-48 Month CD
1.95%$500-48 Month CD - Puerto Rico
1.95%$500-60 Month CD - Puerto Rico
1.85%$500-36 Month CD
1.85%$500-36 Month CD - Puerto Rico
1.80%$500-24 Month CD
1.80%$500-24 Month CD - Puerto Rico
0.85%$500-3 Month Rewards CD
0.85%$500-3 Month Rewards CD - Puerto Rico
0.75%$500-3 Month CD
0.75%$500-3 Month CD - Puerto Rico

BCU IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%$500-11 Month Rewards IRA Special
3.90%$500-11 Month IRA Special
3.85%$500-30 Month Rewards IRA Special
3.75%$500-65 Month Rewards IRA Special
3.59%$500-30 Month IRA Special
3.49%$500-65 Month IRA Special
3.00%$500-12 Month Rewards IRA
2.90%$500-12 Month IRA
2.20%$500-48 Month Rewards IRA
2.20%$500-60 Month Rewards IRA
2.10%$500-36 Month Rewards IRA
2.05%$500-24 Month Rewards IRA
1.95%$500-48 Month IRA
1.95%$500-60 Month IRA
1.85%$500-36 Month IRA
1.80%$500-24 Month IRA
Locations

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