Heights Auto Workers Credit Union is headquartered in Burnham and is the 94th largest credit union in the state of Illinois. It is also the 2,960th largest credit union in the nation. It was established in 1961 and as of December of 2021, it had grown to 6 employees and 4,850 members at 1 location. Heights Auto Workers Credit Union has a B health rating.
Field of Membership Restrictions
Heights Auto Workers Credit Union of Illinois is open to the employees and professionals of the credit union affiliated select employee groups and/or partner companies that are listed on the credit union website and the family members of current credit union members.
See current membership details
Credit Up By 50 Points In 6 Months!
I have been around the bend with a few banks in my time, and nothing compares to the customer service i have received. Through them I got a credit builder loan, where they loaned me $2000, but kept back $750, and locked it in my savings. When I paid off the rest of the loan, they unlocked the $750, and my credit score went up by 50 points! If your credit is suffering, and you're eligible for their loans, I recommend this Credit Union. Everyone is very friendly, and they are very quick with any issues you might have. I have had a checking account with this establishment for 10 years, and savings for 20+. Fantastic place to bank.
Sub Prime Loans Camouflaged As Credit Building Loans
Be careful with this credit union, which serves predominately minorities. Every month they offer loan ' specials' and 'credit building loans ' both have extremely high interest rates, and when you apply for one of these loans, you never get the full amount of money you asked for, but they will report that you did on your credit report. Example: you apply for a 2 thousand dollar 'credit building loan' they give you 1300, and they keep the 700, then report to the bureau you have a loan out for 2 thousand even though that's not what you received in reality. Also they advertise these ' credit building loans' but only report one credit bureau, transunion. Bc transunion is based out of Chicago it does not cost them anything. Question: how can you advertise to build someone's credit, but only report their payments to Only One Of The Three reporting bureas?????????????
Data as of Q4 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 65640 |
| Year Chartered | 1961 |
| Employees | 6 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.98% |
| Return on Equity - YTD | -5.72% |
| Annual Interest Income | $630.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2021vs Q4 2020 | $33.0MM$36.6MM |
| Loans | Q4 2021vs Q4 2020 | $7.9MM$6.6MM |
| Deposits | Q4 2021vs Q4 2020 | $27.1MM$30.4MM |
| Equity Capital | Q4 2021vs Q4 2020 | $5.8MM$6.1MM |
| Loan Loss Allowance | Q4 2021vs Q4 2020 | $74.00K$92.00K |
| Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $18.00K$8.00K |
| Real Estate Owned | Q4 2021vs Q4 2020 | $0$0 |