Iec Federal Credit Union

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A short history of Iec FCU

Since its inception in 1970 the Iec Federal Credit Union has been serving its members in the Springfield, 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 Shewan Holmes, the Iec FCU has grown its membership to over 1,701 with assets of more than $11,058,151. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (217) 529-6045 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 Springfield, IL.

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

Charter Number 20028
Address PO Box 2679 
City Springfield 
State Illinois 
Zip-Code 62708
Phone Number (217) 529-6045
Fax Number (217) 529-5566
Email Address:
CEO/President Shewan Holmes
Members 1,701 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 11,058,151 

Compare Iec Federal Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Springfield City Employees CU Main 300 S 7th St Ste B4 62701 (217) 789-2346 No 0.23
Imperial CU Main Office 1130 S 16th St 62708 (217) 481-6381 No 0.97
Illinois Educators CU Central 1420 S 8th St 62703 (217) 528-2642 No 1.05
Financial Partners CU Main Branch 940 N MacArthur Blvd 62702 (217) 744-1456 No 1.49
Springfield Firefighters CU Station 10 2401 N Peoria Rd 62702 (217) 638-5550 No 2.29

Iec Federal Credit Union Financial Performance Charts

Performance Charts

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Financial Data

Iec 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 10.90 1.99 2.49 N/A 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 332 34 51 N/A 168
Rank Among All Illinois Credit Unions 40 9 15 N/A 32

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

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.10 0.15 0.20 0.35 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 116 119 114 293 N/A
Rank Among All Illinois Credit Unions 17 31 22 52 N/A
Iec Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 10.900318295,335
All Other Unsecured Loans/Lines of Credit 5.7502251,161,746
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 1.9901612,933,406
Used Vehicle Loans 2.4901401,582,608
Total 1st Mortgage Real Estate Loans/Lines of Credit 0.00000
Total Other Real Estate Loans/Lines of Credit 4.500230,875
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 3.9901141,299,564
TOTAL LOANS & LEASES 9607,303,534

Iec 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 230,87500
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 0000
Open-End Fixed Rate 0000
TOTALS 230,87500


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

Iec 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 No
Home Banking Via Internet Website Yes