Chicago Central And Commerce Credit Union

Rated star_ratedstar_rated_halfstar_normalstar_normalstar_normal by Credit Guide
Review based on 12 criteria Rating: 1.5 out of 5

1005 E 4th St, Waterloo, IA 50703-3932

(319) 232-0808

Data Source: NCUA, December 31, 2016


Chicago Central And Commerce Credit Union was founded in 1933. Headquartered in Waterloo, Iowa, Chicago Central And Commerce Credit Union is a state chartered and federally insured credit union, being chartered in Iowa and insured through the National Credit Union Share Insurance Fund (NCUSIF). Chicago Central And Commerce 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, Chicago Central And Commerce Credit Union services 1,082 members through its 2 offices and branches and 2 full-time and 4 part-time employees. It has $6,532,897 of total assets and $1,434,874 of net worth. Based on its asset size and net worth ratio, Chicago Central And Commerce Credit Union is classified as a Well Capitalized small credit union.

Chicago Central And Commerce 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. Chicago Central And Commerce 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 Chicago Central And Commerce 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 Iowa and in the nation.

Major Deplitory Accounts and Interest Rates (%)

Interest Rate
Median of Iowa
Median of USA
Checking
1.0000
0.0000
0.0000
Savings
1.0000
0.2000
0.1200
Money Market
0.0000
0.4000
0.2500
Certificate Deplit
0.9000
0.7500
0.5800
IRA
1.0000
0.7250
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of Iowa
National Median Rates
Credit Cards
n/a
10.0000
9.9900
Unsecured Line of Credits
14.0000
11.9500
10.9500
Short-term Small Amount
n/a
NaN
25.0000
Student Loans
n/a
5.7800
6.0200
New Car Loans
4.9000
3.1500
3.3300
Used Car Loans
11.0000
4.7500
4.5000
1st Mortgage Real Estates
n/a
4.0300
4.2500
Other Real Estates
8.0000
4.6500
4.7000

The table below lists the electronic banking services prlided by Chicago Central And Commerce Credit Union.

Electronic Banking Service Offerings

Membership Application
No
No
Share Account Transfers
No
New Loan Application
No
Share Draft Orders
No
No
New Share Account
No
Bill Payment
No
No
e-Statements
No
Loan Payments
No
No
Account Balance Inquiry
No
No
No
View Account History
No
No

As a community financial institution, Chicago Central And Commerce Credit Union actively involves in local communities by prliding services such as financial counseling .

Community and other Service Offerings

Financial Counselling
Yes
Bilingual Services
No
Free Bill Pay
No
Financial Education
No
In-School Branches
No
Free Tax Preparation Service
No
Financial Literacy Workshops
No
Student Scholarships
No
Insurance/Investment Sales
No
First Time Homebuyer Program
No
Chicago Central & Commerce Cr Un
Main Office

1005 E 4th St
Waterloo, IA 50703-3932
Phone:319-232-0808

Chicago Central &commerce Cr Un
3848 Lafayette Rd
Evansdale, IA 50707
Phone:319-232-6404

(319) 287-3987

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  1. Credit Guide Staff
    Credit Guide Staff

    Last Updated on May 30, 2017

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