Illinois Educators Credit Union

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A short history of Illinois Educators CU

Since its inception in 1938 the Illinois Educators 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 Jody Dabrowski, the Illinois Educators CU has grown its membership to over 6,818 with assets of more than $54,872,574. They have a main office and 2 branch offices. Please see the credit unions website or contact them by phone at (217) 528-2642 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 Illinois Educators CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 65305
Address 1420 S 8th Street 
City Springfield 
State Illinois 
Zip-Code 62703
Phone Number (217) 528-2642
Fax Number (217) 528-2681
Email Address:
CEO/President Jody Dabrowski
Members 6,818 
Full-Time Employees 16 
Part-Time Employees
Number of Branch Offices
Total Assets 54,872,574 

Compare Illinois Educators Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Illinois State Police CU ISPFCU 730 Engineering Ave 62703 (217) 523-8000 No 0.80
Imperial CU Main Office 1130 S 16th St 62708 (217) 481-6381 No 2.41
Springfield City Employees CU Main 300 S 7th St Ste B4 62701 (217) 789-2346 No 3.16
Iec CU IEC Federal Credit Union 6460 6th Street Frontage Rd E 62708 (217) 529-6045 No 3.23
Irse CU IRSE Credit Union 3101 Constitution Dr Ste 111 62704 (217) 726-9595 No 4.25

Illinois Educators Credit Union Financial Performance Charts

Performance Charts

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Financial Data

Illinois Educators 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 11.16 3.07 4.67 4.94 5.58
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 353 153 287 262 298
Rank Among All Illinois Credit Unions 44 46 68 44 55

Illinois Educators Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.10 0.15 0.70 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 N/A 129 124 224 N/A
Rank Among All Illinois Credit Unions N/A 34 24 38 N/A
Illinois Educators Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 11.1601,2681,979,442
All Other Unsecured Loans/Lines of Credit 9.2901,3796,240,383
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 3.0704508,274,328
Used Vehicle Loans 4.6701,27613,213,492
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.94081,066,733
Total Other Real Estate Loans/Lines of Credit 5.58040742,177
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 4.8603525,950,666
TOTAL LOANS & LEASES 4,77337,467,221

Illinois Educators 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 3377,5193377,900
    b. 15 Years or less 5689,2144551,800
    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 32569,25200
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 8172,92500
Open-End Fixed Rate 0000
TOTALS 481,808,9107929,700


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

Illinois Educators Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
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 Yes
Home Banking Via Internet Website Yes