Encurage Financial Network

Overview / Commentary
2942 W Peterson Ave
Chicago, IL 60659

Encurage Financial Network is headquartered in Chicago and is the 38th largest credit union in the state of Illinois. It is also the 1,192nd largest credit union in the nation. It was established in 1936 and as of December of 2023, it had grown to 23 employees and 11,746 members at 6 locations. Encurage Financial Network has a B health rating.

Field of Membership Restrictions

Membership in Encurage Financial Network is open to those who live or work in Chicagoland (borders are Lake Michigan to the east, Highway 294 to the west, Dempster Ave to the north, and Roosevelt Road to the south). Employees of several Select Employee Groups, including Advocate Healthcare, Alcatel-Lucent, and Worker’s Union Local 707 are also eligible to join, as are immediate family members of current Encurage Financial Network members.
See current membership details

Related Posts

Encurage Financial Network (Chicago) Has Competitive 48-Month CD - 1/29/2024

Encurage Financial Network (Chilcagoland) is currently offering a competitive rate on its 48-month Certificate. $1k minimum opening deposit. Also as an IRA Certificate.

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Reviews (1)

Restricted To Illinois*******

Posted by: |

The rate looks good at 5% for a cap of $2,500 but I just found out that even if you make a donation it is only for residents of Illinois. This is not a Nationwide Credit Union.


Health Grade Components

NCUA #68450
Year Chartered1936
Primary Regulator
Profit Margin
Return on Assets - YTD-0.18%
Return on Equity - YTD-4.01%
Annual Interest Income$11.4MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$220.9MM$180.3MM
LoansQ4 2023vs Q4 2022$193.5MM$153.4MM
DepositsQ4 2023vs Q4 2022$161.7MM$137.7MM
Equity CapitalQ4 2023vs Q4 2022$10MM$10.6MM
Loan Loss AllowanceQ4 2023vs Q4 2022$1.6MM$1MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$1.3MM$836K
Real Estate OwnedQ4 2023vs Q4 2022$0$0

Rates for Encurage Financial Network are currently being reviewed.


Encurage Financial Network Locations
Branch Office6601 N Ridge Blvd Bldg 1Chicago, IL 60626
Branch Office2942 W Peterson AveChicago, IL 60659
Branch Office5550 Touhy Ave Ste 102Skokie, IL 60077
Branch Office6149 N Wolcott AveChicago, IL 60660
Branch Office5401 Saint Charles RdBerkeley, IL 60163
Corporate Office8430 W Bryn Mawr Ave Suite 500Chicago, IL 60631

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