CEFCU
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.75% | 5-year CD | 5 Year Certificate 1.85% - Synchrony Bank 60 Month CD |
| 1.50% | 4-year CD | 4 Year Certificate |
| 1.25% | 3-year CD | 3 Year Certificate 1.55% - Ally Bank High Yield 3 Year CD |
CEFCU is headquartered in Peoria and is the 2nd largest credit union in the state of Illinois. It is also the 22nd largest credit union in the nation. It was established in 1937 and as of June of 2016, it had grown to 854 employees and 318,306 members at 25 locations. CEFCU has an A health rating.
Field of Membership Restrictions
Membership in Citizens Equity First Credit Union is open to those who live or work in Knox, Fulton, Logan, Livingston, Macon, McLean, Mason, Marshall, Peoria, Putnam, Sangamon, Stark, Tazewell, or Woodford counties in Illinois, to those who live, worship or work in Contra Costa, Alameda, or Santa Clara Counties in California. Membership is also open to employees or retirees of Caterpiller, Inc., its dealerships and subsidiaries and to other partner companies.
See current membership details
Related Posts
2/14 - More Publicity on CEFCU's CD Early Withdrawal Penalty Change
1/20 - Another Credit Union Increases Early Withdrawal Penalty on Existing CDs
2/4/10 - Great Place To Put Your Money
12/2/09 - 3.50% 60-Month CD at CEF Credit Union in IL & CA - Local Only
3/10/09 - 3.10% 24-Month CD at CEFCU in California and Illinois
8/9/07 - 5.55% 5-Month CD at an Illinois Credit Union (CEFCU)
8/7/06 - 6.00% 7-Month CD at an Illinois CU (CEFCU)
Great experience at local credit union.
I recently paid off my car loan through CEFCU, my local credit union. Working with CEFCU was easy. My rates were better than any of the big banks and the customer servive was top notch. Not only were fees virtually nonexistant, but I received a dividend as a contributor to their profits. The online portal made it easy to check my loan balance and make payments. When I wanted to make payments in person, it was just as easy. They have several conveniently located locations in my area. The tellers are always courtious and I never seem to have to wait in line. I will definitely consider CEFCU as my first choice for my next car loan.
Review Of Cefco Credit Union
This is a great Credit Union. I have been with them many years. They even pay back profits to owners at year end. This year I got a check for 1350.00. They also have a good Visa card. Their rates may not be the highest in the country; but they are close.
Excellent Bank But High Overdraw Fees
I've used Cefcu for years and have been very happy with the service I've received. Customer support is very kind and understanding. If you have a problem they will solve it for you as quickly as they possibly can. Their website is very easy to use. Everything you could want to do is available to you. Transfers between accounts are instant. The only problem I've had with Cefcu is that a month ago an overdraft fee was applied to my account due to an error on their part. The fee was $60 which is more taht I expected. However, after a quick call to customer support the fee was removed from my account. The service itself is down very rarely (Usually around 3am CST) If you're looking for a bank you can't go wrong with Cefcu.
My experience with cefcu.com
I am a customer of cefcu.com for last 5 years.My experience with cefcu.com is overall satisfactory.It allows later deposit which helps me to have fewer overdrafts and fees associated with them. Their customer service is better. This customer service is not excellent but satisfactory so far. Their iphone app is ok but they need to improve more customer friendly. However their website is good and informative. They have very good products which meet customer expectation. Their fees are reasonable and competitive.I would definitely recommend this credit union to my friends and relatives.
Service Is Great
I joined this credit union recently because the have a track record of returning some of their excess income in the form of special dividend payments each year. This dividend is paid to borrowers and savers. I applied for a basic savings which has an ok rate of .30%. I also applied for a no annual fee VISA and was approved the same day. The loan officer also noted that they could refinance my car at a rate that was 2% lower than I was currently paying. So I also was able to lower my car payment without extending the term. The only problem I experienced was that they forgot to send my VISA card which after I called them was promptly sent
Data as of Q2 2016
Learn more about bank healthHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68448 |
| Year Chartered | 1937 |
| Employees | 854 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.16% |
| Return on Equity - YTD | 11.56% |
| Annual Interest Income | $90.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $5.49B$5.21B |
| Loans | Q2 2016vs Q2 2015 | $3.96B$3.74B |
| Deposits | Q2 2016vs Q2 2015 | $4.82B$4.56B |
| Equity Capital | Q2 2016vs Q2 2015 | $555.6MM$520.2MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $24.7MM$24.4MM |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $18.9MM$16.7MM |
| Real Estate Owned | Q2 2016vs Q2 2015 | $1.5MM$1.8MM |
This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.
Up To $75 Checking Bonuses At CEFCU (IL & CA)
$50 checking bonus
Open a qualifying new Checking Account by December 31
Have a Loyalty account
Sign up for eStatements
Maintain your open Checking account in good standing
$25 bill pay bonus
Sign up for CEFCU Bill Pay
pay two bills in the same calendar month
Always verify rates and promotions with the bank or credit union. We are not CEFCU; 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.
CEFCU Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.15% | - | - | Savings Account | |
| 0.15% | - | - | Holiday Saver Account | |
| 0.15% | - | - | My Use Account | |
| 0.15% | - | - | Traditional IRA Daily Account |
CEFCU Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.25%* | $50k* | - | Insured Money Market Account | ||
| OTHER TIERS: 0.20% → $2,500 - $50k | |||||
CEFCU Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | $2,500 | - | Dividend Checking |
CEFCU CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.81% | $100k | - | 5 Year Jumbo Certificate | |
| 1.75% | $1k | $100k | 5 Year Certificate | |
| 1.55% | $100k | - | 4 Year Jumbo Certificate | |
| 1.50% | $1k | $100k | 4 Year Certificate | |
| 1.30% | $100k | - | 3 Year Jumbo Certificate | |
| 1.25% | $1k | $100k | 3 Year Certificate | |
| 0.90% | $100k | - | 2 Year Jumbo Certificate | |
| 0.85% | $1k | $100k | 2 Year Certificate | |
| 0.65% | $100k | - | 18 Month Jumbo Certificate | |
| 0.60% | $1k | $100k | 18 Month Certificate | |
| 0.45% | $100k | - | 1 Year Jumbo Certificate | |
| 0.40% | - | $1k | 1 Year My Save Certificate | |
| 0.40% | $1k | $100k | 1 Year Certificate | |
| 0.40% | $100k | - | 6 Month Jumbo Certificate | |
| 0.35% | $1k | $100k | 6 Month Certificate | |
| 0.30% | $100k | - | 3 Month Jumbo Certificate | |
| 0.25% | $1k | $100k | 3 Month Certificate |
CEFCU IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.81% | $100k | - | 5 Year Jumbo IRA | |
| 1.75% | $500 | $100k | 5 Year IRA | |
| 1.55% | $100k | - | 4 Year Jumbo IRA | |
| 1.50% | $500 | $100k | 4 Year IRA | |
| 1.30% | $100k | - | 3 Year Jumbo IRA | |
| 1.25% | $500 | $100k | 3 Year IRA | |
| 0.90% | $100k | - | 2 Year Jumbo IRA | |
| 0.85% | $500 | $100k | 2 Year IRA | |
| 0.45% | $100k | - | 1 Year Jumbo IRA | |
| 0.40% | $500 | $100k | 1 Year IRA |
CEFCU has 25 locations. Click to view all CEFCU locations.