Empeople Credit Union


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

Empeople Credit Union is headquartered in Moline and is the 7th largest credit union in the state of Illinois. It is also the 249th largest credit union in the nation. It was established in 1935 and as of March of 2024, it had grown to 238 employees and 72,866 members at 28 locations. Empeople Credit Union's money market rates are 9X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Empeople Credit Union is open to the residents of Cumberland County and York County, Maine, and the City of Bangor, Maine. Employees and retirees of John Deere and wholly owned subsidiaries, dealers, or joint ventures with John Deere are also eligible to join. Immediate family of a current Empeople Credit Union member are welcome to apply.
See current membership details

Reviews (1)

Empeople CU Is Garbage!

Posted by: |

Unfortunately my Credit Union of over 40 years decided to merge with Empeople not too long ago. On the surface, this seemed like a good move. They would become more modern by actually having mobile deposits and utilizing Zelle to transfer monies. However, I just got jammed with an overdraft fee that I have NEVER encountered in my time with the other credit union. I called to find out what happened and the customer service person (who was very kind and helpful) explained that this is what Empeople does...charge you for overdraft. What??? That's the whole purpose of having overdraft protection...so you don't get hit with fees. I had (more than enough) money in my savings to cover the difference. I could see being charged a fee if I didn't have the money and they had to 'cover me' until I deposited enough to cover the amount. Also, a nice feature they let die...branch sharing. Now there are no local branches where I can easily do my banking with them. I'll be moving my business elsewhere for sure.



Health
B+

Health Grade Components

Overall
NCUA #68598
Year Chartered1935
Employees238
Primary Regulator
Profit Margin
Return on Assets - YTD0.36%
Return on Equity - YTD4.41%
Annual Interest Income$25.6MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$1.99B$2.04B
LoansQ1 2024vs Q1 2023$1.68B$1.8B
DepositsQ1 2024vs Q1 2023$1.8B$1.75B
Equity CapitalQ1 2024vs Q1 2023$162.8MM$154.5MM
Loan Loss AllowanceQ1 2024vs Q1 2023$10.9MM$12.5MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$7.6MM$8.3MM
Real Estate OwnedQ1 2024vs Q1 2023$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Empeople 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.

Empeople Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%*$5k*-High-Yield Savings Account - 21+ transactions per month
OTHER TIERS: 0.25% $0 - $5k
1.50%*$5k*-High-Yield Savings Account - 0-20 transactions per month
OTHER TIERS: 0.25% $0 - $5k
0.50%$0-Health Savings Account
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%$0-Owner Participation Account
0.15%$5-Prime Share Account

Empeople Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%*$500k*-Money Market Account
OTHER TIERS: 0.25% $0 - $5k | 1.45% $5k - $10k | 1.55% $10k - $20k | 2.40% $20k - $50k | 2.45% $50k - $75k | 2.50% $75k - $100k | 3.40% $100k - $250k | 3.90% $250k - $500k

Empeople Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.25%*$10k*$20kChecking - 31+ transactions per month
OTHER TIERS: 1.50% $20k+ | 4.33% $0 - $5k | 4.50% $5k - $10k
4.00%*$10k*$20kChecking - 21+ transactions per month
OTHER TIERS: 0.50% $20k+ | 3.04% $0 - $5k | 3.25% $5k - $10k
0.10%$0-Checking - Basic

Empeople Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.15%$5k-3 Month Share Certificate
5.15%$500-12 Month Share Certificate
5.10%$500-6 Month Share Certificate
4.00%$500-18 Month Share Certificate
3.00%$500-24 Month Share Certificate
3.00%$500-36 Month Share Certificate
3.00%$500-48 Month Share Certificate
3.00%$500-60 Month Share Certificate

Empeople Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.15%$5k-3 Month IRA Certificate
5.15%$500-12 Month IRA Certificate
5.10%$500-6 Month IRA Certificate
4.00%$500-18 Month IRA Certificate
3.00%$500-24 Month IRA Certificate
3.00%$500-36 Month IRA Certificate
3.00%$500-48 Month IRA Certificate
3.00%$500-60 Month IRA Certificate
Locations

Availability



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