Corporate America Family Credit Union


Overview / Commentary
847-242-8808
2075 Big Timber Rd
Elgin, IL 60123

Corporate America Family Credit Union is headquartered in Elgin and is the 14th largest credit union in the state of Illinois. It is also the 470th largest credit union in the nation. It was established in 1976 and as of June of 2020, it had grown to 235 employees and 68,605 members at 23 locations. Corporate America Family Credit Union has an A+ health rating.

Field of Membership Restrictions

Membership in Corporate America Family Credit Union is open to anyone through membership in The Hope Group. Individuals who live or work within a 25-mile radius of any CAFCU branch location are eligible to join, as are the employees of several SEGs and family members of the current CAFCU members.
See current membership details

Related Posts

Corporate America Family Credit Union Has Nationally Available CDs - 7/22/2020

Corporate America Family Credit Union (easy membership) is currently offering a 36-month CD Special with competitive rates for $1k and $10k tiers.

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Reviews (3)

This credit union puts the customer first!

Posted by: |

I have been a member with Corporate America Family Credit Union for about 10 years. They have always been fantastic to work with. I currently hold a savings account with them and have held a checking account with them in the past. They do not have a branch local to me but they are always a phone call away. Even being in a different state I can always get in touch with them during hours that are convenient for me. I have never been charged any crazy fees and if something doesn't seem right on my account they promptly make a courtesy call to make sure a charge is legit. I highly recommend banking with them, they are warm and friendly and sincerely appreciate your business.

I am pleased with Corporate America Family Credit Union

I opened an account with this credit union in the fall of 2015. I was required to have a savings account with a $5 balance in order open any other account. Consequently I opened a checking account as well. My experience with this Credit Union has been good. Whenever I have to go to the physical location in Irving, Texas I am always in and out very quickly. The tellers are always friendly and speak to me as if they know who I am. The experience has always felt like a very personal experience. Whenever there has been an issue with my account a teller will call me, leave specific call back info, as well as follow up with an email. They have been very diligent and consistent with their communication from the time that I opened my account. Once I called to get information on how to make a very important deposit on a Saturday and the They even gave me shared branch information so that I could make a deposit on a day that they were closed I would definitely recommend Corporate America Family Credit Union to

Banking with a credit union

Posted by: |

My husband and I started banking with Corporate America Family Credit Union before we got married so we would have a joint account to put any money we got from the wedding into. We were living in California at the time and moved to Texas were the only branch an hour away from where we would be moving. We kept our account with them, the only negative was having to mail in checks we got because we didn't want to drive all the way to the credit union and their hours weren't the greatest and only open four days a week. We still have an account with them but barely use it anymore.



Health
A+

Health Grade Components

Overall
NCUA #68215
Year Chartered1976
Employees235
Primary Regulator
Profit Margin
Return on Assets - YTD-0.13%
Return on Equity - YTD-0.85%
Annual Interest Income$12.2MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$738.0MM$605.8MM
LoansQ2 2020vs Q2 2019$575.1MM$487.3MM
DepositsQ2 2020vs Q2 2019$618.5MM$496.5MM
Equity CapitalQ2 2020vs Q2 2019$106.2MM$104.1MM
Loan Loss AllowanceQ2 2020vs Q2 2019$5.1MM$5.4MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$3.6MM$3.7MM
Real Estate OwnedQ2 2020vs Q2 2019$0$33.00K
Rates

Rates for Corporate America Family Credit Union are currently being reviewed.

Locations

Availability

Chicago Area

Interactive local rates map


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