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Chicago Municipal Employees Credit Union


Overview / Commentary
www.cmecuonline.org
312-236-2326
18 S Michigan Ave Ste 1000
Chicago, IL 60603

Chicago Municipal Employees Credit Union is headquartered in Chicago and is the 81st largest credit union in the state of Illinois. It is also the 2,585th largest credit union in the nation. It was established in 1926 and as of September of 2019, it had grown to 18 employees and 12,435 members at 2 locations. Chicago Municipal Employees Credit Union's money market rates are 48% higher than the national average, and it has a C+ health rating.

Field of Membership Restrictions

Chicago Municipal Employees CU is open to all Chicago City employees including the CHA, CPD, Park District, Buiding Commission, CCC CFD, CTA, Public Libraries, and the residents or anyone maintaining employment in the Austin West Garfield Community under the site listed CU specified zip codes.
See current membership details

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Health
C+

Data as of Q3 2019

Learn why bank health matters
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Chicago Municipal Employees Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #65932
Year Chartered1926
Employees18
Primary Regulator
Profit Margin
Return on Assets - YTD-0.01%
Return on Equity - YTD-0.08%
Annual Interest Income$1.5MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$38.9MM$38.4MM
LoansQ3 2019vs Q3 2018$22.9MM$21.8MM
DepositsQ3 2019vs Q3 2018$33.8MM$33.2MM
Equity CapitalQ3 2019vs Q3 2018$5.1MM$5.1MM
Loan Loss AllowanceQ3 2019vs Q3 2018$478.00K$355.00K
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$624.00K$204.00K
Real Estate OwnedQ3 2019vs Q3 2018$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Chicago Municipal Employees Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.10%*$10k*-Traditional IRA Account
OTHER TIERS: 1.00% → $500 - $10k
0.55%--Holiday Club Account
0.15%$100-Premium Payroll
0.15%$100-Business Regular Shares
0.10%*$10k*-Regular Shares Account
OTHER TIERS: 0.05% → $25 - $10k

Chicago Municipal Employees Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%*$50k*-Money Market Account
OTHER TIERS: 0.25% → $2.5k - $10k | 0.35% → $10k - $50k
0.65%$10k-Business Money Market

Chicago Municipal Employees Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$2k-Universal Checking
0.10%--Business Checking
0.05%$1k-Basic Checking

Chicago Municipal Employees Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.91%*$25k*-36 Month Share Certificate
OTHER TIERS: 1.51% → $1k - $10k | 1.61% → $10k - $25k
1.60%*$25k*-24 Month Share Certificate
OTHER TIERS: 1.20% → $1k - $10k | 1.30% → $10k - $25k
1.40%-$25k36 Month Financial Health Club Certificate
1.36%*$25k*-Business 36 Month Share Certificate
OTHER TIERS: 1.26% → $1k - $10k | 1.31% → $10k - $25k
1.30%*$25k*-12 Month Share Certificate
OTHER TIERS: 0.90% → $1k - $10k | 1.00% → $10k - $25k
1.10%-$25k24 Month Financial Health Club Certificate
1.05%*$25k*-Business 24 Month Share Certificate
OTHER TIERS: 0.95% → $1k - $10k | 1.00% → $10k - $25k
1.00%*$25k*-6 Month Share Certificate
OTHER TIERS: 0.65% → $1k - $10k | 0.80% → $10k - $25k
0.95%-$25k18 Month Financial Health Club Certificate
0.80%-$25k12 Month Financial Health Club Certificate
0.75%*$25k*-Business 12 Month Share Certificate
OTHER TIERS: 0.65% → $1k - $10k | 0.70% → $10k - $25k
0.50%*$25k*-Business 6 Month Share Certificate
OTHER TIERS: 0.40% → $1k - $10k | 0.45% → $10k - $25k

Chicago Municipal Employees Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.91%*$25k*-36 Month IRA Certificate
OTHER TIERS: 1.51% → $1k - $10k | 1.61% → $10k - $25k
1.60%*$25k*-24 Month IRA Certificate
OTHER TIERS: 1.20% → $1k - $10k | 1.30% → $10k - $25k
1.30%*$25k*-12 Month IRA Certificate
OTHER TIERS: 0.90% → $1k - $10k | 1.00% → $10k - $25k
1.00%*$25k*-6 Month IRA Certificate
OTHER TIERS: 0.65% → $1k - $10k | 0.80% → $10k - $25k
Locations


Chicago Municipal Employees Credit Union Locations
Branch Office18 S Michigan Ave Ste 1000Chicago, IL 60603
Branch Office4909 W Division St Ste 100Chicago, IL 60651-3108

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