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Illinois Educators Credit Union


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.31%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
www.iecumember.org
217-528-2642
3101 Montvale Dr
Springfield, IL 62704

Illinois Educators Credit Union is headquartered in Springfield and is the 51st largest credit union in the state of Illinois. It is also the 1,782nd largest credit union in the nation. It was established in 1938 and as of March of 2025, it had grown to 16 employees and 9,253 members at 3 locations. Illinois Educators Credit Union's money market rates are 6X the national average, and it has an A health rating.

Field of Membership Restrictions

Illinois Educators Credit Union is now open to any person affiliated with the education community, including employees, retired employees, current students and alumni of any school in the Illinois counties of Adams, Brown, Cass, Champaign, Ford, Menard, Morgan, Pike, Sangamon, or Scott. The following school districts are also included: Athens, Auburn, Ball, Carlinville, Chatham, Greenview, New Berlin, Pawnee, Pleasant Plains, Riverton, Rochester, ROE #1, ROE #9, Tri-City, Waverly, Williamsville-Sherman, Winchester, or Lincoln Land Community College, University of Illinois in Springfield, Robert Morris University, or Benedictine University. Those employed by Horace Mann Companies, Illinois Education Association (IEA/NEA) or subsidiaries and affiliates of IEA/NEA, and those in the immediate family of current members also qualify for membership.
See current membership details

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Health
A

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
NCUA #65305
Year Chartered1938
Employees16
Primary Regulator
Profit Margin
Return on Assets - YTD0.92%
Return on Equity - YTD7.86%
Annual Interest Income$1.3MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$105.6MM$103MM
LoansQ1 2025vs Q1 2024$75MM$77MM
DepositsQ1 2025vs Q1 2024$93.4MM$91.3MM
Equity CapitalQ1 2025vs Q1 2024$12MM$11.1MM
Loan Loss AllowanceQ1 2025vs Q1 2024$662K$666K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$312K$283K
Real Estate OwnedQ1 2025vs Q1 2024$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.31%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Illinois Educators Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%$5-Regular Shares
0.30%$5-Holiday Club
0.30%$5-Travel Club

Illinois Educators Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.63%*$25k*-Money Market
OTHER TIERS: 1.46% → $1k - $25k
2.63%*$25k*-Business Money Market
OTHER TIERS: 1.46% → $1k - $25k

Illinois Educators Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.51%$1k-3 Month CD
3.51%$1k-6 Month CD
3.51%$1k-9 Month CD
3.51%$1k-12 Month CD
3.51%$1k-18 Month CD
3.51%$1k-24 Month CD
3.51%$1k-36 Month CD
3.51%$1k-30 Month CD
3.51%$1k-48 Month CD
3.51%$1k-60 Month CD
2.07%$500-12 Months Future Me CD
Locations


Illinois Educators Credit Union Locations
Branch Office3101 Montvale DrSpringfield, IL 62704-4260
Branch Office1203 S Mattis AveChampaign, IL 61821-4827
Branch Office1501 S Dirksen PkwySpringfield, IL 62703

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