Data Source: NCUA, December 31, 2016
Canaan Credit Union was founded in 2001. Headquartered in Urbana, Illinois, Canaan Credit Union is a state chartered and federally insured credit union, being chartered in Illinois and insured through the National Credit Union Share Insurance Fund (NCUSIF). Canaan Credit Union is also a member of the Federal Home Loan Bank (FHLB), which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.
As of December 31, 2016, Canaan Credit Union services 430 members through its 1 full-time employees. It has $377,292 of total assets and $45,979 of net worth. Based on its asset size and net worth ratio, Canaan Credit Union is classified as a Well Capitalized tiny credit union.
Canaan Credit Union offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. Canaan Credit Union also provides an array of services to its members and local communities. To find out more, please go to the Services page.
The following two tables list the deplitory and loan interest rates of Canaan Credit Union’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in Illinois and in the nation.
Major Deplitory Accounts and Interest Rates (%)
Major Loan Accounts and Interest Rates (%)
The table below lists the electronic banking services prlided by Canaan Credit Union.
Electronic Banking Service Offerings
As a community financial institution, Canaan Credit Union actively involves in local communities by prliding services such as financial counseling, financial education.
Community and other Service Offerings
Canaan Credit Union
404 W Main St
Urbana, IL 61801-2618