Overview / Commentary
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 43rd largest credit union in the nation. It was established in 1937 and as of June of 2023, it had grown to 1,001 employees and 388,307 members at 33 locations. CEFCU's money market rates are 5X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership in CEFCU is open to those who live or work in the Illinois counties of Bond, Christian, Clinton, Fulton, Jersey, Knox, Livingston, Logan, Macon, Macoupin, Madison, Marshall, Mason, McLean, Monroe, Montgomery, Peoria, Putnam, Randolph, Saint Clair, Sangamon, Stark, Tazewell, Washington, or Woodford. Individuals who who live, work, or regularly worship in the California counties of Alameda, Contra Costa, or Santa Clara are also eligible to join. Membership is also open to employees or retirees of Caterpillar, Inc., its dealerships and subsidiaries, and to other partner companies.
See current membership details

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.

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.

Unhappy Customer

This bank is by far the most horrible bank ever. I only have this bank to pay my car loan and this bank has given me nothing but trouble. They are rude, unprofessional, and it is a pain to bank with them. As I try to continue on to pay my bill over the phone the representatives are rude, and impatient. I have been paying my car loan for over two years and they have been taking my car loan money out plus more. I didnt find out until today because I thought they were just taking the amount that I wanted them to take out. I dont recommend this bank, it has no benefits and they set your account up to make it where you overdraft your card. Not to mention they only let you use your card 3 times a month. How can I only use my card 3 times a month when its my money??? Dont bank at CEFCU they are horrible!!!



Health Grade Components

NCUA #68448
Year Chartered1937
Primary Regulator
Profit Margin
Return on Assets - YTD1.19%
Return on Equity - YTD11.83%
Annual Interest Income$144.1MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$7.58B$7.85B
LoansQ2 2023vs Q2 2022$5.74B$5.16B
DepositsQ2 2023vs Q2 2022$6.70B$7.00B
Equity CapitalQ2 2023vs Q2 2022$772.8MM$666.9MM
Loan Loss AllowanceQ2 2023vs Q2 2022$0$32.5MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$41.9MM$25.3MM
Real Estate OwnedQ2 2023vs Q2 2022$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

CEFCU Savings Account Rates

0.71%*$10k*-Savings Account
OTHER TIERS: 0.60% $5 - $1k | 0.65% $1k - $10k
0.71%*$10k*-Holiday Saver Account
OTHER TIERS: 0.60% Up to $1k | 0.65% $1k - $10k
0.71%*$10k*-My Use Account
OTHER TIERS: 0.60% Up to $1k | 0.65% $1k - $10k
0.60%--IRA Daily Account

CEFCU Money Market Rates

2.15%*$100k*-Insured Money Market Account
OTHER TIERS: 1.65% $2.5k - $25k | 1.80% $25k - $50k | 2.00% $50k - $100k

CEFCU Checking Account Rates

0.30%$2.5k-Dividend Checking


4.55%$100k-6 Month Jumbo Certificate
4.50%$1k$100k6 Month Certificate
4.30%$100k-12 Month Jumbo Certificate
4.25%$5$1k12 Month My Save Certificate
4.25%$1k$100k12 Month Certificate
4.05%$100k-3 Month Jumbo Certificate
4.00%$1k$100k3 Month Certificate
3.80%$100k-18 Month Jumbo Certificate
3.80%$100k-24 Month Jumbo Certificate
3.80%$100k-36 Month Jumbo Certificate
3.80%$100k-48 Month Jumbo Certificate
3.80%$100k-60 Month Jumbo Certificate
3.75%$1k$100k18 Month Certificate
3.75%$1k$100k24 Month Certificate
3.75%$1k$100k36 Month Certificate
3.75%$1k$100k48 Month Certificate
3.75%$1k$100k60 Month Certificate


4.30%$100k-12 Month Jumbo IRA
4.25%$500$100k12 Month IRA
3.80%$100k-24 Month Jumbo IRA
3.80%$100k-36 Month Jumbo IRA
3.80%$100k-48 Month Jumbo IRA
3.80%$100k-60 Month Jumbo IRA
3.75%$500$100k24 Month IRA
3.75%$500$100k36 Month IRA
3.75%$500$100k48 Month IRA
3.75%$500$100k60 Month IRA


Peoria Area

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