Elca Federal Credit Union

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A short history of Elca FCU

Since its inception in 2015 the Elca Federal 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 Arnold Pierson, the Elca FCU has grown its membership to over 613 with assets of more than $4,254,932. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (877) 715-1111 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 Elca FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 24866
Address 8765 W Higgins Rd 
City Chicago 
State Illinois 
Zip-Code 60631
Phone Number (877) 715-1111
Fax Number () -
Email Address: ----
CEO/President Arnold Pierson
Members 613 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 4,254,932 
Website http://www.elcafcu.org 

Compare Elca Federal Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Northwest Community CU SXU Branch 3835 W 103rd St 60655 (847) 647-1030 No 3.21
Partnership Financial CU BARRINGTON OFFICE 455 W Northwest Hwy 60053 (847) 697-3281 No 3.44
First Security CU First Security Credit Union 7161 N Cicero Ave Ste 202 60712 (847) 933-3305 No 3.88
Unified Homeowners Of Illinois CU UNIFIED HOMEOWNERS OF ILLINOIS FEDERAL CREDIT UNION 4464 N Milwaukee Ave 60630 (773) 283-9340 No 4.27
Alliant CU San Mateo 700 Concar Dr 94402 (800) 328-1935 No 4.30

Elca Federal Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Elca Federal 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 7.99 1.99 2.49 N/A N/A
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 90 34 51 N/A N/A
Rank Among All Illinois Credit Unions 7 9 15 N/A N/A

Elca Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.10 0.10 N/A 0.55 N/A
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 116 129 N/A 251 N/A
Rank Among All Illinois Credit Unions 17 34 N/A 45 N/A
Elca Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 7.9904052,033
All Other Unsecured Loans/Lines of Credit 8.99037155,848
Short-Term, Small Amount Loans (STS) (Federal CU Only) 18.00011,000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 1.99027622,150
Used Vehicle Loans 2.4901181,591,344
Total 1st Mortgage Real Estate Loans/Lines of Credit 0.00000
Total Other Real Estate Loans/Lines of Credit 0.00000
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 2.6001169
TOTAL LOANS & LEASES 2242,422,544

Elca Federal Credit Union Real Estate Loans and Lines of Credit


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 0000
    b. 15 Years or less 0000
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 0000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 0000
Open-End Fixed Rate 0000


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

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