Members Choice Credit Union – IL

Rated star_ratedstar_ratedstar_ratedstar_rated_halfstar_normal by Credit Guide
Review based on 12 criteria Rating: 3.5 out of 5

3919 N University St, Peoria, IL 61614-6938

Website

(309) 672-5230

Data Source: NCUA, December 31, 2016


Members Choice Credit Union, IL was founded in 1935. Headquartered in Peoria, Illinois, Members Choice Credit Union, IL is a state chartered and federally insured credit union, being chartered in Illinois and insured through the National Credit Union Share Insurance Fund (NCUSIF). Members Choice Credit Union, IL 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, Members Choice Credit Union, IL services 10,120 members through its 4 offices and branches and 21 full-time and 3 part-time employees. It has $114,505,516 of total assets and $16,468,950 of net worth. Based on its asset size and net worth ratio, Members Choice Credit Union, IL is classified as a Well Capitalized medium large credit union.

Members Choice Credit Union, IL 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. Members Choice Credit Union, IL also provides an array of services to its members and local communities. Members Choice Credit Union, IL plans to extend its services by adding more branches or service centers in the next 12 month. To find out more, please go to the Services page.

The following two tables list the deplitory and loan interest rates of Members Choice Credit Union, IL’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 (%)

Interest Rate
Median of Illinois
Median of USA
Checking
0.2500
0.0000
0.0000
Savings
0.3000
0.1500
0.1200
Money Market
0.5000
0.2500
0.2500
Certificate Deplit
0.6500
0.4600
0.5800
IRA
1.6000
0.4000
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of Illinois
National Median Rates
Credit Cards
9.9000
10.2500
9.9900
Unsecured Line of Credits
8.0000
11.0000
10.9500
Short-term Small Amount
n/a
25.0000
25.0000
Student Loans
n/a
6.5100
6.0200
New Car Loans
1.8900
3.0000
3.3300
Used Car Loans
2.0900
4.2600
4.5000
1st Mortgage Real Estates
2.7500
4.0000
4.2500
Other Real Estates
4.2500
4.3800
4.7000

Members Choice Credit Union, IL prlides a number of ways to access its services. In addition to its office and branches, a member can perform banking through Internet, phones, ATMs, and mobile devices. The table below lists the electronic banking services prlided by Members Choice Credit Union, IL.

Electronic Banking Service Offerings

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

As a community financial institution, Members Choice Credit Union, IL 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
Yes
Financial Education
No
In-School Branches
No
Free Tax Preparation Service
No
Financial Literacy Workshops
No
Student Scholarships
No
Insurance/Investment Sales
Yes
First Time Homebuyer Program
No
Galesburg
3333 N Seminary St
Galesburg, IL 61401-1251
Phone:309-344-3161

Pekin
1470 Valle Vista Blvd
Pekin, IL 61554
Phone:309-620-9030

University
Main Office

3919 N University St
Peoria, IL 61614-6938
Phone:309-672-5230

University 3927
3927 N University St
Peoria, IL 61614
Phone:309-672-5230

(309) 688-1184

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  1. Credit Guide Staff
    Credit Guide Staff

    Last Updated on May 30, 2017

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