Gale Credit Union

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A short history of Gale CU

Since its inception in 1947 the Gale Credit Union has been serving its members in the Galesburg, 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 Randy McElwee, the Gale CU has grown its membership to over 4,579 with assets of more than $27,682,439. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (309) 343-1777 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Galesburg, IL.

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

Charter Number 60327
Address 631 N Henderson St 
City Galesburg 
State Illinois 
Zip-Code 61401
Phone Number (309) 343-1777
Fax Number (309) 343-2497
Email Address:
CEO/President Randy McElwee
Members 4,579 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 27,682,439 

Compare Gale Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Galesburg Burlington CU Galesburg Burlington Credit Union 476 E South St 61401 (309) 342-1775 No 0.28
Mercer CU Mercer Credit Union 100 SE 3rd Ave 61231 (309) 582-2005 No 26.87

Gale Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Gale 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 14.00 4.29 5.46 5.48 4.96
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 497 316 380 322 225
Rank Among All Illinois Credit Unions 67 85 87 48 46

Gale Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.25 0.25 N/A 0.35 0.40
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 95 95 N/A 293 243
Rank Among All Illinois Credit Unions 11 24 N/A 52 35
Gale Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 14.000395392,643
All Other Unsecured Loans/Lines of Credit 11.4904461,880,741
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 4.290691,520,101
Used Vehicle Loans 5.4605916,721,156
Total 1st Mortgage Real Estate Loans/Lines of Credit 5.480521,593,017
Total Other Real Estate Loans/Lines of Credit 4.9601043,850
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 6.42043359,815
TOTAL LOANS & LEASES 1,60612,511,323

Gale 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 28833,78300
    b. 15 Years or less 24759,23400
    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 113,52800
Closed-End Adjustable Rate 930,32200
Open-End Adjustable Rate 0000
Open-End Fixed Rate 0000
TOTALS 621,636,86700


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

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