Chicago Municipal Employees Credit Union

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A short history of Chicago Municipal Employees CU

Since its inception in 1926 the Chicago Municipal Employees Credit Union has been serving its members in the Chicago, Illinois area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Peter Tzortzakis, the Chicago Municipal Employees CU has grown its membership to over 14,898 with assets of more than $39,729,187. They have a main office and 3 branch offices. Please see the credit unions website or contact them by phone at (312) 236-2326 or email them at info@cmecuonline.org to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Chicago, IL.

General Information For Chicago Municipal Employees CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 65932
Address 18 S Michigan Ave, Suite 1000 
City Chicago 
State Illinois 
Zip-Code 60603
Phone Number (312) 236-2326
Fax Number (312) 236-1147
Email Address: info@cmecuonline.org
CEO/President Peter Tzortzakis
Members 14,898 
Full-Time Employees 18 
Part-Time Employees
Number of Branch Offices
Total Assets 39,729,187 
Website http://www.cmecuonline.org 

Compare Chicago Municipal Employees Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
D'puc CU DPUC Credit Union 33 S State St Rm 8109 60603 (312) 793-5721 No 0.10
U. S. Employees CU MAIN OFFICE 230 S Dearborn St Ste 2962 60604 (312) 922-5310 No 0.23
Peoples Energy CU Main 200 E Randolph St Fl 22 60601 (312) 240-4970 No 0.29
Planites CU PLANITES CREDIT UNION 300 E Randolph ST FL 14 60601 (312) 653-6371 No 0.39
St. Jude CU Main Office 205 W MONROE ST FL 7 60606 (312) 544-8213 No 0.44

Chicago Municipal Employees Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Chicago Municipal Employees Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 7.80 2.25 2.50 4.50 4.50
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 82 57 52 205 168
Rank Among All Illinois Credit Unions 5 16 16 39 32

Chicago Municipal Employees Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.05 0.05 0.65 0.95 0.75
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 125 143 42 183 192
Rank Among All Illinois Credit Unions 20 39 4 27 22
Chicago Municipal Employees Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 7.8007132,820,498
All Other Unsecured Loans/Lines of Credit 8.5001,1064,366,014
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 6.800116,002
New Vehicle Loans 2.25030514,723
Used Vehicle Loans 2.50034490,692
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.500397,926,092
Total Other Real Estate Loans/Lines of Credit 4.50028599,538
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 8.5002903,006,019
TOTAL LOANS & LEASES 2,24119,739,578

Chicago Municipal Employees Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 316,690,8681132,000
    b. 15 Years or less 7882,97500
Balloon/Hybrid
    a. > 15 years 1352,24900
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 9356,478140,000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 19243,06011,000
Open-End Fixed Rate 0000
TOTALS 678,525,6303173,000

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Chicago Municipal Employees Credit Union Member Offerings
First Time Homebuyer Program Yes
Real Estate Loans Yes
Pay Day Lending Yes
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs No
Home Banking Via Internet Website Yes