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Heights Auto Workers Credit Union

Popular Accounts at this Credit Union

0.50%1-year CDCertificate 12 Months
0.10%SavingsSpecial Savings
0.10%CheckingChecking Account

Overview / Commentary
21540 Cottage Grove Ave
Chicago Heights, IL 60411-4345

Heights Auto Workers Credit Union is headquartered in Chicago Heights and is the 83rd largest credit union in the state of Illinois. It is also the 2,634th largest credit union in the nation. It was established in 1961 and as of December of 2016, it had grown to 10 employees and 6,793 members at 2 locations. 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.
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Reviews (2)

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?????????????

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Heights Auto Workers Credit Union has a low asset base.

Health Grade Components

NCUA #65640
Year Chartered1961
Primary Regulator
Profit Margin
Return on Assets - YTD0.11%
Return on Equity - YTD0.7%
Annual Interest Income$875.00K
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$37.7MM$38.5MM
LoansQ4 2016vs Q4 2015$7.1MM$9.1MM
DepositsQ4 2016vs Q4 2015$31.7MM$32.4MM
Equity CapitalQ4 2016vs Q4 2015$6.0MM$5.9MM
Loan Loss AllowanceQ4 2016vs Q4 2015$246.00K$250.00K
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$211.00K$181.00K
Real Estate OwnedQ4 2016vs Q4 2015$0$103.00K
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Heights Auto Workers Credit Union Savings Account Rates

0.20%$25-Christmas Club
0.20%$25-Taxes & Escrow
0.10%$500-Regular Savings
0.10%$25-Special Savings

Heights Auto Workers Credit Union Checking Account Rates

0.25%*$10k*-NOW Account
OTHER TIERS: 0.15% $2k - $10k
0.10%$500-Checking Account

Heights Auto Workers Credit Union CD Rates

0.50%$2,500-Certificate 12 Months

Heights Auto Workers Credit Union IRA Rates

0.55%--1 Year IRA Certificate

Heights Auto Workers Credit Union Locations
Branch Office13912 S Torrence AveBurnham, IL 60633-2127
Branch Office21540 Cottage Grove AveChicago Heights, IL 60411-4345