Illinois Educators Credit Union

Overview / Commentary
1420 S 8th St
Springfield, IL 62703-2521

Illinois Educators Credit Union is headquartered in Springfield and is the 60th largest credit union in the state of Illinois. It is also the 2,057th largest credit union in the nation. It was established in 1938 and as of December of 2019, it had grown to 16 employees and 7,389 members at 2 locations. Illinois Educators Credit Union has a B+ health rating.

Field of Membership Restrictions

Illinois Educators Credit Union of Illinois is open to any current and retired employee of the site listed schools, partner companies, and associations that are listed on the credit union website and the members of the state Education Association and its subsidiaries or affiliates.
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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. Illinois Educators Credit Union has a relatively low asset base.

Health Grade Components

NCUA #65305
Year Chartered1938
Primary Regulator
Profit Margin
Return on Assets - YTD0.84%
Return on Equity - YTD8.06%
Annual Interest Income$2.7MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$65.3MM$58.3MM
LoansQ4 2019vs Q4 2018$48.0MM$40.8MM
DepositsQ4 2019vs Q4 2018$53.3MM$51.9MM
Equity CapitalQ4 2019vs Q4 2018$6.7MM$6.1MM
Loan Loss AllowanceQ4 2019vs Q4 2018$482.00K$463.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$182.00K$327.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Illinois Educators Credit Union Savings Account Rates

0.10%$5-Regular Shares
0.10%$5-Holiday Club
0.10%$5-Travel Club

Illinois Educators Credit Union Money Market Rates

0.25%*$25k*-Money Market
OTHER TIERS: 0.15% $1k - $25k

Illinois Educators Credit Union CD Rates

1.56%$1k-60 Month CD
1.36%$1k-48 Month CD
1.21%$1k-36 Month CD
1.05%$1k-30 Month CD
0.95%$1k-24 Month CD
0.80%$1k-18 Month CD
0.75%$25-12 Month Save to Win CD
0.70%$1k-12 Month CD
0.50%$1k-9 Month CD
0.40%$1k-6 Month CD
0.15%$1k-3 Month CD

Illinois Educators Credit Union Locations
Branch Office1124 Centre West DrSpringfield, IL 62704
Branch Office1420 S 8th StSpringfield, IL 62703-2521

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