Illinois Educators Credit Union


Overview / Commentary
217-528-2642
3101 Montvale Dr
Springfield, IL 62704

Illinois Educators Credit Union is headquartered in Springfield and is the 51st largest credit union in the state of Illinois. It is also the 1,782nd largest credit union in the nation. It was established in 1938 and as of March of 2025, it had grown to 16 employees and 9,253 members at 3 locations. Illinois Educators Credit Union has an A health rating.

Field of Membership Restrictions

Illinois Educators Credit Union is now open to any person affiliated with the education community, including employees, retired employees, current students and alumni of any school in the Illinois counties of Adams, Brown, Cass, Champaign, Ford, Menard, Morgan, Pike, Sangamon, or Scott. The following school districts are also included: Athens, Auburn, Ball, Carlinville, Chatham, Greenview, New Berlin, Pawnee, Pleasant Plains, Riverton, Rochester, ROE #1, ROE #9, Tri-City, Waverly, Williamsville-Sherman, Winchester, or Lincoln Land Community College, University of Illinois in Springfield, Robert Morris University, or Benedictine University. Those employed by Horace Mann Companies, Illinois Education Association (IEA/NEA) or subsidiaries and affiliates of IEA/NEA, and those in the immediate family of current members also qualify for membership.
See current membership details

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Health

Health Grade Components

Overall
NCUA #65305
Year Chartered1938
Employees16
Primary Regulator
Profit Margin
Return on Assets - YTD0.92%
Return on Equity - YTD7.86%
Annual Interest Income$1.3MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$105.6MM$103MM
LoansQ1 2025vs Q1 2024$75MM$77MM
DepositsQ1 2025vs Q1 2024$93.4MM$91.3MM
Equity CapitalQ1 2025vs Q1 2024$12MM$11.1MM
Loan Loss AllowanceQ1 2025vs Q1 2024$662K$666K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$312K$283K
Real Estate OwnedQ1 2025vs Q1 2024$0$0
Rates

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Locations


Illinois Educators Credit Union Locations
Branch Office3101 Montvale DrSpringfield, IL 62704-4260
Branch Office1203 S Mattis AveChampaign, IL 61821-4827
Branch Office1501 S Dirksen PkwySpringfield, IL 62703

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