Empeople Credit Union is headquartered in Moline and is the 7th largest credit union in the state of Illinois. It is also the 250th largest credit union in the nation. It was established in 1935 and as of September of 2024, it had grown to 240 employees and 72,658 members at 27 locations. Empeople Credit Union's money market rates are 8X the national average, and it has a B+ health rating.
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
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.
Overall | |
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NCUA # | 68598 |
Year Chartered | 1935 |
Employees | 240 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.27% |
Return on Equity - YTD | 3.2% |
Annual Interest Income | $78.4MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q3 2024vs Q3 2023 | $1.95B$2B |
Loans | Q3 2024vs Q3 2023 | $1.71B$1.75B |
Deposits | Q3 2024vs Q3 2023 | $1.76B$1.68B |
Equity Capital | Q3 2024vs Q3 2023 | $165.4MM$160.3MM |
Loan Loss Allowance | Q3 2024vs Q3 2023 | $11.8MM$11.6MM |
Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $12.7MM$12.2MM |
Real Estate Owned | Q3 2024vs Q3 2023 | $149K$70K |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.