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 81^st largest credit union in the state of Illinois. It is also the 2,588^th largest credit union in the nation. It was established in 1926 and as of March of 2019, it had grown to 17 employees and 14,391 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 Q1 2019

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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 Chartered	1926
Employees	17
Primary Regulator

Profit Margin
Return on Assets - YTD	-0.89%
Return on Equity - YTD	-6.92%
Annual Interest Income	$491.00K

Assets and Liabilities
Assets	Q1 2019vs Q1 2018	$39.4MM$38.6MM
Loans	Q1 2019vs Q1 2018	$22.9MM$20.6MM
Deposits	Q1 2019vs Q1 2018	$34.4MM$33.4MM
Equity Capital	Q1 2019vs Q1 2018	$5.0MM$5.1MM
Loan Loss Allowance	Q1 2019vs Q1 2018	$364.00K$381.00K
Unbacked Noncurrent Loans	Q1 2019vs Q1 2018	$335.00K$284.00K
Real Estate Owned	Q1 2019vs Q1 2018	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
0.10%	$2k	-	Universal Checking
0.10%	-	-	Business Checking
0.05%	$1k	-	Basic Checking

Chicago Municipal Employees Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
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%	-	$25k	36 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%	-	$25k	24 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%	-	$25k	18 Month Financial Health Club Certificate
0.80%	-	$25k	12 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

APY	MIN	MAX	ACCOUNT NAME
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 Office	18 S Michigan Ave Ste 1000	Chicago, IL 60603
Branch Office	4909 W Division St Ste 100	Chicago, IL 60651-3108

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