CEFCU


Overview / Commentary
309-633-7048
5401 W Everett M Dirksen Pkwy
Peoria, IL 61607

CEFCU is headquartered in Peoria and is the 2nd largest credit union in the state of Illinois. It is also the 25th largest credit union in the nation. It was established in 1937 and as of June of 2019, it had grown to 883 employees and 343,021 members at 28 locations. CEFCU's money market rates are 2X the national average, and it 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 (membership requirements are listed in the credit union's online application).
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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.

20 Year Member

I have been a member of CEFCU for over 20 years. I have a checking account and savings account established there. I feel like it took a longer time for CEFCU to advance with the technology required in today's banks, but they have finally come around to providing quality products that have current technology. The ability to also walk into any local branch and talk to a qualified individual about my banking needs is very refreshing in these times of only speaking through technology as well. I have established my teenage son his own accounts there as well to build him a solid banking history and establish good habits.

Good bank but could use a better website.

Posted by: marihurley | Apr 9, 2017

This bank is pretty reliable and accessible. Every time I try to talk to support they are very nice and help me with my problems fairly quickly. The longest time I actually had to go into the bank was when my debit card was declined at a gas station. I went in for a couple minutes and by the time I got out it was done and I had access to my debit card again. The only problem I have with it is the website is a bit clunky and hard to log in to but once you get past that the website works great.

Cefcu Review

Cefcu has the worst customer service of any bank that we have ever dealt with. We had set up a Cefcu account about 2 years ago to see if we liked it as a secondary account before we transferred some direct deposits over blindly.... it has been nothing but a headache! I think our experiment is over!
For anyone looking for banking...stay away! PNC has been amazing to our family for the last 10 years! Looks like they will be getting another account from us.

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Health

Health Grade Components

Overall
NCUA #68448
Year Chartered1937
Employees883
Primary Regulator
Profit Margin
Return on Assets - YTD1.41%
Return on Equity - YTD13.92%
Annual Interest Income$115.1MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$6.20B$5.97B
LoansQ2 2019vs Q2 2018$4.49B$4.33B
DepositsQ2 2019vs Q2 2018$5.45B$5.26B
Equity CapitalQ2 2019vs Q2 2018$631.1MM$576.6MM
Loan Loss AllowanceQ2 2019vs Q2 2018$27.9MM$26.0MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$19.9MM$16.7MM
Real Estate OwnedQ2 2019vs Q2 2018$375.00K$1.3MM
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$10k*-Savings Account
OTHER TIERS: 0.30% $5 - $1k | 0.40% $1k - $10k
0.50%*$10k*-Holiday Saver Account
OTHER TIERS: 0.30% Up to $1k | 0.40% $1k - $10k
0.50%*$10k*-My Use Account
OTHER TIERS: 0.30% Up to $1k | 0.40% $1k - $10k
0.30%--IRA Daily Account

CEFCU Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.01%*$100k*-Insured Money Market Account
OTHER TIERS: 0.55% $2.5k - $25k | 0.71% $25k - $50k | 0.85% $50k - $100k

CEFCU Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$10k*-Dividend Checking
OTHER TIERS: 0.10% $2.5k - $10k

CEFCU CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.35%$100k-60 Month Jumbo Certificate
2.30%$1k$100k60 Month Certificate
2.20%$100k-48 Month Jumbo Certificate
2.15%$1k$100k48 Month Certificate
2.05%$100k-36 Month Jumbo Certificate
2.00%$1k$100k36 Month Certificate
1.65%$100k-24 Month Jumbo Certificate
1.60%$1k$100k24 Month Certificate
1.45%$100k-18 Month Jumbo Certificate
1.40%$1k$100k18 Month Certificate
1.25%$100k-12 Month Jumbo Certificate
1.20%$5$1k12 Month My Save Certificate
1.20%$1k$100k12 Month Certificate
0.90%$100k-6 Month Jumbo Certificate
0.85%$1k$100k6 Month Certificate
0.65%$100k-3 Month Jumbo Certificate
0.60%$1k$100k3 Month Certificate

CEFCU IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.35%$100k-60 Month Jumbo IRA
2.30%$500$100k60 Month IRA
2.20%$100k-48 Month Jumbo IRA
2.15%$500$100k48 Month IRA
2.05%$100k-36 Month Jumbo IRA
2.00%$500$100k36 Month IRA
1.65%$100k-24 Month Jumbo IRA
1.60%$500$100k24 Month IRA
1.25%$100k-12 Month Jumbo IRA
1.20%$500$100k12 Month IRA
Locations

Availability



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