Kane County Teachers Credit Union is headquartered in Elgin and is the 29th largest credit union in the state of Illinois. It is also the 885th largest credit union in the nation. It was established in 1937 and as of June of 2020, it had grown to 79 employees and 23,409 members at 6 locations. Kane County Teachers Credit Union has an A 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
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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
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 95015 |
| Year Chartered | 1937 |
| Employees | 79 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.64% |
| Return on Equity - YTD | 5.88% |
| Annual Interest Income | $5.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $301.5MM$256.2MM |
| Loans | Q2 2020vs Q2 2019 | $191.6MM$166.2MM |
| Deposits | Q2 2020vs Q2 2019 | $264.3MM$225.2MM |
| Equity Capital | Q2 2020vs Q2 2019 | $31.5MM$29.0MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $2.7MM$2.4MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $2.6MM$2.0MM |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$0 |