Overview / Commentary
217-528-2642
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 2,172nd largest credit union in the nation. It was established in 1938 and as of September of 2018, it had grown to 14 employees and 7,227 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.
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Health
B+
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

Overall
NCUA #65305
Year Chartered1938
Employees14
Primary Regulator
Profit Margin
Return on Assets - YTD1.19%
Return on Equity - YTD11.54%
Annual Interest Income$1.8MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$58.2MM$56.5MM
LoansQ3 2018vs Q3 2017$42.2MM$39.7MM
DepositsQ3 2018vs Q3 2017$52.1MM$50.7MM
Equity CapitalQ3 2018vs Q3 2017$6.0MM$5.4MM
Loan Loss AllowanceQ3 2018vs Q3 2017$429.00K$309.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$309.00K$157.00K
Real Estate OwnedQ3 2018vs Q3 2017$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$5-Regular Shares
0.25%$5-Holiday Club
0.25%$5-Travel Club

Illinois Educators Credit Union Money Market Rates

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

Illinois Educators Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
Locations


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

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