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Deere Employees Credit Union


Overview / Commentary
deereemployeescu.com
309-743-1000
3950 38th Ave
Moline, IL 61265

Deere Employees Credit Union is headquartered in Moline and is the 7th largest credit union in the state of Illinois. It is also the 234th largest credit union in the nation. It was established in 1935 and as of December of 2022, it had grown to 242 employees and 71,036 members at 26 locations. Deere Employees Credit Union's money market rates are 7X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Deere Employees Credit Union is open to employees and retirees of John Deere and wholly owned subsidiaries, Dealers, or joint ventures with John Deere. Family of those eligible may also join.
See current membership details

Related Posts

Deere Employees Credit Union Unveils Rate-Leading 13-Month CD - 1/16/2023

Deere Employees Credit Union has added a rate-leading 13-month Share CD to its product line. $500 minimum opening deposit. Also available as an IRA CD.

Deere Employees CU IRA/Share Certificates 3.05%APY (5 YR), 2.80% APY (4 YR) - 6/2/2022

Rates https://deereemployeescu.com/bank/rates#ira-section Field of Membership Description Deere Employees Credit Union serves the community of John Deere employees, retirees, and families, including children, spouses, parents, siblings, in-laws, grandparents, and grandkids of current DECU members. We also welcome contract employees for John Deere and employees of wholly owned subsidiaries or joint ventures with John Deere; employees of John Deere Dealers and their families. As an added benefit of this credit union, they state the "Deere Employees Credit Union’s (DECU) Owner Participation Account Rebate annually distributes any excess earnings to our members in the form of additional interest on earnings (and rebates on loan interest)." Looks like a good deal if you qualify.

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Health
B+

Data as of Q4 2022

Learn why bank health matters

Health Grade Components

Overall
NCUA #68598
Year Chartered1935
Employees242
Primary Regulator
Profit Margin
Return on Assets - YTD0.56%
Return on Equity - YTD7.07%
Annual Interest Income$61.1MM
Assets and Liabilities
AssetsQ4 2022vs Q4 2021$1.99B$1.81B
LoansQ4 2022vs Q4 2021$1.76B$1.37B
DepositsQ4 2022vs Q4 2021$1.71B$1.63B
Equity CapitalQ4 2022vs Q4 2021$155.6MM$146.5MM
Loan Loss AllowanceQ4 2022vs Q4 2021$10.2MM$6.0MM
Unbacked Noncurrent LoansQ4 2022vs Q4 2021$10.4MM$5.0MM
Real Estate OwnedQ4 2022vs Q4 2021$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Deere 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.

Deere Employees Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.80%--Health Savings Account (HSA) Special
1.25%*$5k*-High Yield Savings Account
OTHER TIERS: 0.25% → Up to $5k
0.50%*$100k*-IRA Accumulation Account
OTHER TIERS: 0.35% → $25 - $50k | 0.40% → $50k - $100k
0.50%*$100k*-IRA Builder Account
OTHER TIERS: 0.35% → $25 - $50k | 0.40% → $50k - $100k
0.50%--Owner Participation Account
0.15%$25-Prime Share Account

Deere Employees Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.10%*$500k*-Money Market Account
OTHER TIERS: 0.25% → Up to $5k | 1.25% → $5k - $10k | 1.35% → $10k - $20k | 2.30% → $20k - $50k | 2.40% → $50k - $75k | 2.45% → $75k - $100k | 2.50% → $100k - $250k | 3.00% → $250k - $500k

Deere Employees Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%*$100k*-Ready Reserve Account
OTHER TIERS: 1.20% → $10k - $50k | 1.30% → $50k - $75k | 1.40% → $75k - $100k
0.10%$250-Merit Checking Account

Deere Employees Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.50%$500-9 Month Share Certificate Special
4.05%$500-12 Month Share Certificate
4.00%$500-18 Month Share Certificate
3.90%$500-24 Month Share Certificate
3.10%$500-6 Month Share Certificate
3.00%$5k-3 Month Share Certificate
1.95%$500-60 Month Share Certificate
1.85%$500-48 Month Share Certificate
1.80%$500-36 Month Share Certificate

Deere Employees Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.50%$500-9 Month IRA Certificate Special
4.05%$500-12 Month IRA Certificate
4.00%$500-18 Month IRA Certificate
3.90%$500-24 Month IRA Certificate
3.10%$500-6 Month IRA Certificate
3.00%$5k-3 Month IRA Certificate
1.95%$500-60 Month IRA Certificate
1.85%$500-48 Month IRA Certificate
1.80%$500-36 Month IRA Certificate
Locations

Availability

Davenport Area

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