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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 2,589th largest credit union in the nation. It was established in 1926 and as of December of 2019, it had grown to 20 employees and 12,350 members at 2 locations. Chicago Municipal Employees Credit Union's money market rates are 48% higher than the national average, and it has a B 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.
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Health
B

Data as of Q4 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
Employees20
Primary Regulator
Profit Margin
Return on Assets - YTD-0.8%
Return on Equity - YTD-6.55%
Annual Interest Income$1.9MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$38.6MM$37.9MM
LoansQ4 2019vs Q4 2018$22.0MM$22.3MM
DepositsQ4 2019vs Q4 2018$33.9MM$32.6MM
Equity CapitalQ4 2019vs Q4 2018$4.7MM$5.1MM
Loan Loss AllowanceQ4 2019vs Q4 2018$465.00K$345.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$386.00K$230.00K
Real Estate OwnedQ4 2019vs Q4 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
1.40%*$10k*-IRA Account
OTHER TIERS: 1.00% → $500 - $10k
0.55%--Holiday Club Account
0.15%$100-Business Regular Shares
0.10%*$10k*-Regular Shares Account
OTHER TIERS: 0.05% → $25 - $10k
0.10%$100-Premium Payroll

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*-48 Month Share Certificate
OTHER TIERS: 1.50% → $1k - $10k | 1.70% → $10k - $25k
1.70%*$25k*-36 Month Share Certificate
OTHER TIERS: 1.30% → $1k - $10k | 1.50% → $10k - $25k
1.50%*$25k*-24 Month Share Certificate
OTHER TIERS: 1.20% → $1k - $10k | 1.30% → $10k - $25k
1.36%*$25k*-Business 36 Month Share Certificate
OTHER TIERS: 1.26% → $1k - $10k | 1.31% → $10k - $25k
1.35%*$25k*-18 Month Share Certificate
OTHER TIERS: 1.00% → $1k - $10k | 1.10% → $10k - $25k
1.25%*$25k*-12 Month Share Certificate
OTHER TIERS: 0.80% → $1k - $10k | 1.00% → $10k - $25k
1.20%-$25k36 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: 0.60% → $1k - $10k | 0.80% → $10k - $25k
1.00%-$25k24 Month Financial Health Club Certificate
0.75%*$25k*-Business 12 Month Share Certificate
OTHER TIERS: 0.65% → $1k - $10k | 0.70% → $10k - $25k
0.70%-$25k18 Month Financial Health Club Certificate
0.50%-$25k12 Month Financial Health Club Certificate
0.50%*$25k*-Business 6 Month Share Certificate
OTHER TIERS: 0.40% → $1k - $10k | 0.45% → $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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