Financial Plus Credit Union (IL)
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 2.01% | 5-year CD | 3.00% - Discover Bank 5 Year CD |
| 0.40% | 1-year CD | 2.65% - Discover Bank 12 Month CD |
| 0.10% | Savings | 2.20% - Barclays Online Savings Account |
Financial Plus Credit Union (IL) is headquartered in Ottawa and is the 23rd largest credit union in the state of Illinois. It is also the 772nd largest credit union in the nation. It was established in 1951 and as of December of 2018, it had grown to 83 employees and 35,258 members at 5 locations. Financial Plus Credit Union (IL)'s money market rates are 5X the national average, and it has an A health rating.
Field of Membership Restrictions
Financial Plus Credit Union of Illinois is open to the residents and people that maintain employment within these eligible counties: LaSalle,Bureau, Putnam, Grundy, and Will, as well as the family members of current credit union members.
See current membership details
My Experience with Financial Plus Credit Union
I opened a checking account with Financial Plus several years ago when I began a new job. I was able to easily set up direct deposit with no problems. In the following year, my husband and I opened up two additional checking accounts with Financial Plus. We had switched all of our accounts from another bank. In this way, we had one basic account that included 3 separate checking accounts and one savings. The savings accounts needs only to maintain a $25 balance, which is nice, as some places require a larger balance. The staff have always been so friendly and helpful, especially at the Ottawa branch. They have assisted me on multiple occasions in person and on the phone and have always been able to meet my needs quickly and kindly. I enjoy the monthly newsletters, also. It's good to know what is going on at the credit union, and how they are involved in the community.
Like a bank, but better
I have "banked" with my credit union for as long as I have had an account, so my description is based on many years of experience. I really began using my accounts when I started my first job at age 16. At that time, paper checks were the norm so I interacted with the clerks on a weekly basis. They were always very friendly and extremely helpful. I have also had two car loans through this credit union, and they helped me set up automatic withdrawals so that I would not have to remember and transfer the funds myself, which was very helpful. In each case, they also matched the dealership's lower interest rate to keep my business. Finally, there have been two instances where I have overdrawn my checking account. In each case, I was at the bank first thing the next day when I realized my mistake, and in each case they were willing to waive the overdraft fees due to my prompt handling of it. I have since began also banking at a bank, and while the people are friendly there does not seem to be the same personal service that I have recieved from my credit union.
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 61231 |
| Year Chartered | 1951 |
| Employees | 83 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.22% |
| Return on Equity - YTD | 8.66% |
| Annual Interest Income | $10.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $320.1MM$310.8MM |
| Loans | Q4 2018vs Q4 2017 | $209.9MM$191.4MM |
| Deposits | Q4 2018vs Q4 2017 | $272.4MM$266.7MM |
| Equity Capital | Q4 2018vs Q4 2017 | $45.1MM$41.4MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $950.00K$900.00K |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $2.4MM$1.8MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $82.00K$58.00K |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Financial Plus Credit Union (IL) Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.40% | $100 | - | College Club | |
| 0.25% | $100 | - | Christmas Club | |
| 0.25% | $100 | - | Vacation Club | |
| 0.10% | $100 | - | Regular Savings |
Financial Plus Credit Union (IL) Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.01%* | $1m* | - | Money Market Share Account | ||
| OTHER TIERS: 0.10% → Up to $1.5k | 0.25% → $1.5k - $10k | 0.35% → $10k - $25k | 0.40% → $25k - $50k | 0.75% → $50k - $100k | 1.00% → $100k - $500k | 1.51% → $500k - $1m | |||||
Financial Plus Credit Union (IL) CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.01% | $1k | - | 5 Year CD | |
| 1.76% | $1k | - | 3 Year CD | |
| 1.50% | $1k | - | 2 Year CD | |
| 1.25% | $1k | - | 18 Month CD | |
| 1.10% | $1k | - | 1 Year CD | |
| 0.80% | $1k | - | 6 Month CD | |
| 0.40% | $500 | - | 1 Year Small Savers Certificate | |
| 0.40% | $1k | - | 91 Day CD |
Financial Plus Credit Union (IL) IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.01% | $1k | - | 5 Year IRA | |
| 1.76% | $1k | - | 3 Year IRA | |
| 1.50% | $1k | - | 2 Year IRA | |
| 1.25% | $1k | - | 18 Month IRA | |
| 1.10% | $1k | - | 1 Year IRA | |
| 0.80% | $1k | - | 6 Month IRA |
| Financial Plus Credit Union (IL) Locations | ||
|---|---|---|
| Branch Office | 800 Chestnut St | Ottawa, IL 61350 |
| Branch Office | 2813 Plaza Dr | Peru, IL 61354 |
| Branch Office | 1905 13th Ave | Mendota, IL 61342 |
| Branch Office | 1800 E Division St | Diamond, IL 60416-6007 |
| Branch Office | 220 E High St | Morris, IL 60450-1406 |