Chicago Municipal Employees Credit Union is headquartered in Chicago and is the 66th largest credit union in the state of Illinois. It is also the 2,267th largest credit union in the nation. It was established in 1926 and as of December of 2021, it had grown to 16 employees and 12,005 members at 3 locations. Chicago Municipal Employees Credit Union's money market rates are 48% higher than the national average, and it has a B+ health rating.
Chicago Municipal Employees Credit Union is open to all employees of the City of Chicago and its sister agencies. Individuals who live or work in a part of Cook County also qualify for membership. (Northern boundary is Central Avenue; western boundary is Cook County/Will County/DuPage County intersection, then following Cook County border straight north intersecting with Central Road; eastern boundary is Lake Michigan; and southern boundary is Cook County border.
See current membership details
Not easy to deal here. Customer service reps not well trained or knowledgeable. In person service only 1 day per week at location in safe neighborhood, and you can't rely on someone being there. Need to call first. Phones don't get answered promptly. Calls do not get prompt response. Only reason to deal here is that at present they are 1 of only 2 institutions with decent rates. They have little knowledge of IRS regs re IRA accounts. When I asked for a Transfer form, they gave me a Rollover form and did not understand the difference.
Overall | |
---|---|
NCUA # | 65932 |
Year Chartered | 1926 |
Employees | 16 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 2.14% |
Return on Equity - YTD | 23.7% |
Annual Interest Income | $2.4MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q4 2021vs Q4 2020 | $64.2MM$48.5MM |
Loans | Q4 2021vs Q4 2020 | $30.3MM$28.9MM |
Deposits | Q4 2021vs Q4 2020 | $56.7MM$44.1MM |
Equity Capital | Q4 2021vs Q4 2020 | $5.6MM$4.3MM |
Loan Loss Allowance | Q4 2021vs Q4 2020 | $316.00K$341.00K |
Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $246.00K$209.00K |
Real Estate Owned | Q4 2021vs Q4 2020 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Chicago Municipal Employees Credit Union; 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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.65%* | $50k* | - | Money Market Account | ||
OTHER TIERS: 0.25% → $2.5k - $10k | 0.35% → $10k - $50k | |||||
0.35% | $10k | - | Business Money Market |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.10% | $2k | - | Universal Checking | |
0.05% | $1k | - | Basic Checking | |
0.05% | - | - | Business Checking |
Chicago Municipal Employees Credit Union Locations | ||
---|---|---|
Branch Office | 18 S Michigan Ave Ste 1000 | Chicago, IL 60603 |
Branch Office | 6612 W North Ave | Chicago, IL 60707 |
Branch Office | 3510 S Michigan Ave Suite 119 | Chicago, IL 60653 |