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

Illinois Educators Credit Union is headquartered in Springfield and is the 62nd largest credit union in the state of Illinois. It is also the 2,188th largest credit union in the nation. It was established in 1938 and as of June of 2018, it had grown to 15 employees and 7,207 members at 2 locations. Illinois Educators Credit Union's CD rates are 23% higher than the national average, and it 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.
See current membership details


No reviews have been left for this bank yet. Be the first to review.

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 - YTD1%
Return on Equity - YTD10.14%
Annual Interest Income$1.2MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$58.5MM$54.9MM
LoansQ2 2018vs Q2 2017$41.0MM$37.5MM
DepositsQ2 2018vs Q2 2017$52.5MM$49.5MM
Equity CapitalQ2 2018vs Q2 2017$5.8MM$5.3MM
Loan Loss AllowanceQ2 2018vs Q2 2017$377.00K$322.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$172.00K$281.00K
Real Estate OwnedQ2 2018vs Q2 2017$0$0
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Illinois Educators Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* 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

0.25%$5-Regular Shares
0.25%$5-Holiday Club
0.25%$5-Travel Club

Illinois Educators Credit Union Money Market Rates

0.40%*$25k*-Money Market
OTHER TIERS: 0.30% $1k - $25k

Illinois Educators Credit Union CD Rates

2.12%$1k-60 Month CD
2.07%$1k-48 Month CD
2.02%$1k-36 Month CD
1.76%$1k-30 Month CD
1.71%$1k-24 Month CD
1.66%$1k-18 Month CD
1.11%$1k-12 Month CD
1.11%$25-12 Month Save to Win CD
0.60%$1k-6 Month CD
0.55%$1k-9 Month CD
0.35%$1k-3 Month CD

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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact feedback@depositaccounts.com to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.