Featured Savings Rates
Featured Accounts

Great Lakes Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
3.00%Reward CheckingUltimate Checking
1.50%18-month CD18 Month Share Certificate Special
1.50%5-year CD5 Year Share Certificate

Overview / Commentary
800-982-7850
2111 Waukegan Rd
Bannockburn, IL 60015

Great Lakes Credit Union is headquartered in Bannockburn and is the 11th largest credit union in the state of Illinois. It is also the 356th largest credit union in the nation. It was established in 1938 and as of June of 2017, it had grown to 219 employees and 85,179 members at 14 locations. Great Lakes Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership in Great Lakes Credit Union is open to anyone through choosing the "Not Listed-Let us help!" option in the online application. Membership is also open to the following groups: (1) those who live or work in the Illinois counties of Cook (west of Route 83), Dupage, Kane, Kendal, Lake, McHenry, Will, and Kenosha County, Wisconsin, (2) Federal government employees, including active and retired military members, (3) employees of Select Employer Groups. Membership requirements are listed in the credit union's online application.
See current membership details

Related Posts

Great Lakes Credit Union Has Limited Time 18-Month CD Special - 3/8/2017

Now through March 31, 2017, Great Lakes CU (easy membership) is offering an 18-month Share Certificate Special (1.50% APY). Minimum deposit is $1k, with no balance cap.

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Smooth And Quick Process To Open An Account

Posted by: 767 | May 13, 2013

Have been very satisfied with the quick and easy application process. New account information, debit card and even blank checks were received in a timely manner. Even received a personal thank you card for opening the account. Easy to set up ACH transfers. Status of interest requirements is clearly displayed after logging in. Just hope they keep the rate up.

GLCU gets the job done

Posted by: Firescanda | Sep 7, 2017

I had an account with GLCU for about six years. They were previously tied to my high school so I joined as a senior in high school. It was my first checking account, debit card and credit card experience. They had a branch inside my high school which made it convenient. They were always friendly when I came into the branch. They were willing to help and answer my questions. They did not charge high fees. My only problem with their customer service was that they closed early most days. When I got to be an adult that didn't live in the immediate area I had a hard time if I need to get business done inside the bank because I couldn't make it there during their business hours. However they helped me over the phone if I have any questions related to my account. I used direct deposit into my checking account and had direct bill pay for a loan. I never had an issue with either of these services. I would recommend them to anyone that needs a checking account.

Rates & Requirements Changing

Posted by: rquiring | Sep 30, 2013

I just visited GLCU today in order to open a third account. In attempting to do so, I learned that the interest rate is dropping to 3% Oct. 1, 2013 and also that in order to be eligible for the 3% interest each month - one must spend at least $100 per account. I had a good experience with GLCU, but with this change I have already opened a different account somewhere else. Hope this helps others.

Avoid This Credit Union

Posted by: McGail Ann | Sep 7, 2017

I was unable to make any of my loan payments online because of archaic system. When you call in you literally have to answer around 10 questions before you can make a payment. I paid off my car loan in June and am still waiting for the title that they supposedly mailed. Worst experience ever.

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Health
B+

Health Grade Components

Overall
NCUA #60238
Year Chartered1938
Employees219
Primary Regulator
Profit Margin
Return on Assets - YTD0.17%
Return on Equity - YTD1.88%
Annual Interest Income$14.1MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$800.3MM$736.1MM
LoansQ2 2017vs Q2 2016$603.3MM$547.5MM
DepositsQ2 2017vs Q2 2016$659.9MM$630.9MM
Equity CapitalQ2 2017vs Q2 2016$71.7MM$70.5MM
Loan Loss AllowanceQ2 2017vs Q2 2016$6.2MM$6.7MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$6.8MM$9.1MM
Real Estate OwnedQ2 2017vs Q2 2016$595.00K$773.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Great Lakes Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$100-Share Savings
0.10%$1k-Business Savings
0.10%$100-Health Savings Account
0.10%$100-IRA Share Savings
0.10%--Santa Savings
0.10%--Kirby Kids Savings
0.10%--Young Adult Accounts

Great Lakes Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$50k*-Money Market
OTHER TIERS: 0.15% $2,500 - $25k | 0.25% $25k - $50k
0.35%*$50k*-Business Money Market
OTHER TIERS: 0.15% $2,500 - $25k | 0.25% $25k - $50k
0.35%*$50k*-IRA Money Market
OTHER TIERS: 0.15% $2,500 - $25k | 0.25% $25k - $50k

Great Lakes Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*-$10kUltimate Checking Account
OTHER TIERS: 0.10% $10k+
3.00%*-$10kYoung Adult Ultimate Checking Account
OTHER TIERS: 0.10% $10k+

Great Lakes Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.60%$1k-5 Year President's Club Share Certificate
1.50%$1k-5 Year Share Certificate
1.50%$1k-18 Month Share Certificate Special
1.25%$1k-4 Year President's Club Share Certificate
1.15%$1k-4 Year Share Certificate
0.90%$1k-3 Year President's Club Share Certificate
0.80%$1k-3 Year Share Certificate
0.80%$1k-2 Year President's Club Share Certificate
0.70%$1k-2 Year Share Certificate
0.65%$1k-1 Year President's Club Share Certificate
0.55%$200-Right Start Share Certificate
0.55%$1k-1 Year Share Certificate

Great Lakes Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%$1k-5 Year IRA Certificate
1.15%$1k-4 Year IRA Certificate
0.80%$1k-3 Year IRA Certificate
0.70%$1k-2 Year IRA Certificate
0.55%$1k-1 Year IRA Certificate
Locations

Availability