Kane County Teachers Credit Union

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A short history of Kane County Teachers CU

Since its inception in 1937 the Kane County Teachers Credit Union has been serving its members in the Elgin, 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 R Michael Lee, the Kane County Teachers CU has grown its membership to over 17,697 with assets of more than $225,754,371. They have a main office and 3 branch offices. Please see the credit unions website or contact them by phone at (847) 741-3344 or email them at none to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Elgin, IL.

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

Charter Number 95015
Address 111 S Hawthorne St 
City Elgin 
State Illinois 
Zip-Code 60123
Phone Number (847) 741-3344
Fax Number (847) 741-3345
Email Address: none
CEO/President R Michael Lee
Members 17,697 
Full-Time Employees 61 
Part-Time Employees
Number of Branch Offices
Total Assets 225,754,371 
Website http://www.kctcu.org 

Compare Kane County Teachers Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Elgin Mental Health Center CU Main 750 S State St 60123 (847) 742-1040 No 1.86
Corporate America Family CU Elgin 1950 Big Timber Rd 60123 (800) 359-1939 No 2.03
N.i.c.e. CU Main Office 11 S 2nd Ave 60174 (630) 584-3670 No 8.37
Soreng Employees CU Soreng Employees Credit Union 1222 Hamilton Pkwy 60143 (630) 260-3101 No 13.50
Andigo CU Deer Park, IL 21440 W Lake Cook Rd 60010 (847) 862-2087 No 13.58

Kane County Teachers Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Kane County Teachers 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 2.24 2.74 4.13 3.49
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 56 70 160 55
Rank Among All Illinois Credit Unions 7 15 21 29 8

Kane County Teachers Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.05 0.10 0.20 0.20 0.20
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 125 129 114 318 271
Rank Among All Illinois Credit Unions 20 34 22 58 45
Kane County Teachers Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 7.9904,9189,585,646
All Other Unsecured Loans/Lines of Credit 9.9902,58613,517,343
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 6.000172,637
New Vehicle Loans 2.24079913,483,624
Used Vehicle Loans 2.7401,71215,601,452
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.13019529,059,580
Total Other Real Estate Loans/Lines of Credit 3.49063721,013,249
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 8.0001643,709,503
TOTAL LOANS & LEASES 11,012106,043,034

Kane County Teachers 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 10517,129,39081,372,388
    b. 15 Years or less 9011,930,190121,792,116
Balloon/Hybrid
    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

OTHER REAL ESTATE

Closed-End Fixed Rate 1915,735,705261,024,106
Closed-End Adjustable Rate 31,744,46000
Open-End Adjustable Rate 44313,533,08436883,169
Open-End Fixed Rate 0000
TOTALS 83250,072,829825,071,779

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

Kane County Teachers Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
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 Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes