Kane County Teachers Credit Union

Overview / Commentary
111 S Hawthorne St
Elgin, IL 60123

Kane County Teachers Credit Union is headquartered in Elgin and is the 26th largest credit union in the state of Illinois. It is also the 817th largest credit union in the nation. It was established in 1937 and as of December of 2023, it had grown to 87 employees and 28,984 members at 8 locations. Kane County Teachers Credit Union's CD rates are 3X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership is open to those who live or work in DuPage, DeKalb, Kane, Grundy, Kendall, McHenry, and Cook (west of route 83) Counties in Illinois. Membership is also open to over 200 Select Employer Groups.
See current membership details

Reviews (1)

Service And Undertrained Personal

Ridiculous! One time we applied for a loan, everything was running fine the banker said we were approved, the day we were suppose to go for the check all we got was a phone call saying that the colateral we were using, appraised on 50,000 dollars couldnt be used as 10,000 loan collateral. A+? And a letter saying that our credit wasn't good enough!
The real reason? Who knows?
Yeah right! I went with 40.00 two twenty to get 40.00 in singles, I was asked if I was a member I said no but I am member of another credit union and showed two cards visa and debit, they gave me a form and asked for an id just to change my money, I wasnt asking for nothing related to my account money, Walgreens gives more better service you ask for singles and they give singles to you RIDICULOUS A+ with no review sure the only review is theirs


Health Grade Components

NCUA #95015
Year Chartered1937
Primary Regulator
Profit Margin
Return on Assets - YTD1.08%
Return on Equity - YTD12%
Annual Interest Income$25.6MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$417.8MM$381.2MM
LoansQ4 2023vs Q4 2022$317.9MM$299.4MM
DepositsQ4 2023vs Q4 2022$377.7MM$344.8MM
Equity CapitalQ4 2023vs Q4 2022$36MM$33MM
Loan Loss AllowanceQ4 2023vs Q4 2022$6.8MM$3.7MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$6.2MM$3.4MM
Real Estate OwnedQ4 2023vs Q4 2022$0$0
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Always verify rates and promotions with the bank or credit union. We are not Kane County Teachers 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.

Kane County Teachers Credit Union Savings Account Rates

0.25%*$5$5kYouth Savers
OTHER TIERS: 0.10% $5k+
0.10%$5-Primary Share Savings Account
0.10%$5-Christmas Club Account

Kane County Teachers Credit Union Money Market Rates

0.50%*$100k*-Money Market Account
OTHER TIERS: 0.12% $2.5k - $25k | 0.20% $25k - $50k | 0.30% $50k - $100k

Kane County Teachers Credit Union Checking Account Rates

1.51%*$10k*-Health Savings Account
OTHER TIERS: 1.00% $3k - $5k | 1.26% $5k - $10k
0.05%--Basic Checking Account
0.05%--Teen Checking
0.05%--Checking Plus

Kane County Teachers Credit Union CD Rates

5.50%$25k-14 Month Special CD - New Money
5.25%$500-14 Month Special CD
5.00%$25k-7 Month Special CD - New Money
4.85%$500-7 Month Special CD
3.04%$500-12 Month CD
3.04%$500-18 Month CD
3.04%$500-24 Month CD
3.04%$500-36 Month CD
3.04%$500-48 Month CD
3.04%$500-60 Month CD
2.53%$500-6 Month CD
2.00%$500-90 Day CD

Kane County Teachers Credit Union IRA Rates

3.04%$500-12 Month IRA
3.04%$500-18 Month IRA
3.04%$500-24 Month IRA
3.04%$500-36 Month IRA
3.04%$500-48 Month IRA
3.04%$500-60 Month IRA
2.53%$500-6 Month IRA
2.00%$500-90 Day IRA

Kane County Teachers Credit Union Locations
Branch Office111 S Hawthorne StElgin, IL 60123
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Branch Office121 S McLean Blvd Ste ASouth Elgin, IL 60177
Branch Office270 N Grove AveElgin, IL 60120
Branch Office750 S State StElgin, IL 60123-7612
Branch OfficeKCT Credit Union 1700 Spartan Dr Bldg CElgin, IL 60123-7189
Branch Office350 Lake Marian RdCarpentersville, IL 60110-2006

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