Earn 4.00% APY with our special 11-month certificate offer.

This special offer ends September 30, 2008.  For more information, call (708) 649-6410 today.

*APY=Annual Percentage Yield. A minimum daily balance of $5,000 is required to earn the stated APY. Early withdrawals are subject to a dividend penalty. Upon maturity, certificates will automatically roll over into 12-month certificates, unless you direct the credit union to do otherwise.

Get the money you need to pay bills, improve you home and more.
Home equity rates now as low as 3.49% APR.

Got a lot of expenses but not a lot of cash?  If so, take advantage of Central Credit Union's terrific low rates on home equity loans and lines of credit.

Variable-Rate Lines of Credit of $5,000 of more from 3.49% APR.^* Enjoy the great rate for the first three months.  Then pay a variable rate as low as Prime minus 1%.  Write checks against your line for up to five years, and take up to 15 years to repay.

Fixed-Rate Loans from 5.49% APR.^**  Lock in one of our low rates and enjoy predictable payments for the life of your loan.  Five-, seven and ten-year terms are available.

No closing costs or up-front fees.  Plus potential tax savings.  With our great rates, you can borrow up to 85% (up to $150,000) of your home's current market value less your first mortgage balance.  Plus, you'll pay no closing costs or up-front fees.  And, the interest you pay may be 100% tax deductible.^***

Offer ends August 30, 2008.  Call (708) 649-6427 and apply today.

*3.49% APR introductory rate is in effect until after the third regularly scheduled payment.  After the introductory period, the regular APR will vary at Prime minus 1% on credit lines of $99,000 or more, Prime minus .50% on lines of $50,000-$98,999, Prime minus .25% on lines of $25,000-$49,999 and Prime plus .50% on lines less than $25,000.  Rate can change monthly and is based on the Prime Rate as published in the Wall Street Journal.  On 8/26/08, the Prime Rate was 5.00%.  After the introductory rate period, the minimum APR is 3.99%.  Maximum APR: 18%.  Initial advance must be at least $5,000.  Subsequent advances must be at least $500.  Minimum monthly payment: $120.  A $50 annual fee is waived the first year, and then becomes effective for the remaining four years of the draw period.  Members who refinance must take out the required $5,000 initial advance at the time of loan disbursement.  **Listed rate is for a 5-year term.  7- and 10-year terms are available at higher rates.  10-year term availability is dependent on availability of designated long-term funds.  Minimum loan amount is $25,000.  Loans for $15,000-$24,999 are available to qualified members at a higher rate.  Loans are repayable in monthly installments over the term of the loan.  Example: Monthly payment on a $25,000 loan at 5.49% APR for 60 months is $477.51.  Total finance charge: $3,650.00.  Total loan cost: $28,650.00.  ***Amount financed is subject to credit and property approval.  Qualified members can borrow up to $100% of the homes' equity at a higher rate.  Homeowner's insurance is required.  There are no closing costs or up-front fees, however, if you close your line of credit within two years of its opening, you will be required to reimburse the credit union for certain third party fees up to a maximum of $400.  Consult your tax advisor for details regarding the deductibility of interest.

Buy Green and take advantage of a .25% loan rate discount.

Save .25% on loans to buy or install energy- or water-efficient products in your home.
Need a new furnace, windows or water-saving appliances?  Finance your purchase with one of our signature loans, and we'll give you a .25% discount off your loan.  To apply, click on "Apply Now" at the top of the page or call (708) 649-6420.

Looking to buy or refinance a home?  Save on payments with our 5/1 Adjustable Rate Mortgage at 6.00% (6.062% APR).

Right now you can take advantage of Central Credit Union's 5/1 ARM priced at 6.00% (6.062% APR).*

        • Lower monthly payments than with a long-term, fixed-rate mortgage
        • Increased purchasing power as a result of lower monthly payments
        • Predictable, fixed payments for the first five years
        • Repayment terms up to 30 years
        • No points, escrow or private mortgage insurance (PMI)
        • Low closing costs

Borrow up to 80% of your home's current market value.  Higher loan-to-value financing options may be available for qualified members at different rates and terms.

If you already have a mortgage, refinance and save.  You could reduce the interest you pay and possibly lower your monthly payments. Plus, you can get the money you need for home improvements, debt consolidation and more.

Call (800) 942-1100, and apply today.  In most cases, we can approve loans for qualified members within one business day, and will work with you to close on a schedule that meets your needs.

*APR=Annual Percentage Rate. Rate and APR are subject to change at any time.  Minimum loan amount is $50,000. Listed rate of 6.00% (6.062% APR) is fixed for the first five years. Thereafter, rate and APR may change annually. Loan is repayable over a period of up to 30 years. Payment example: A $150,000 loan at a rate of 6.00% (6.062% APR) with a 30-year repayment period would result in a monthly payment of $899.33 for the first five years. After the first five years, rate and APR may adjust annually resulting in a change in payment. Homeowner’s insurance is required.

Your Central Credit Union savings are federally insured and secure.

As many financial institutions face difficult times, we want to take this opportunity to assure you that Central Credit Union Of Illinois remains financially strong and that your credit union deposits are secure.

Your Central Credit Union deposits are federally insured.  Similar to how the FDIC insures deposits at banks, the National Credit Union Administration, which is a U.S. Government Agency, insures deposits at credit unions through the National Credit Union Share Insurance Fund (NCUSIF).  The amounts of insurance coverage are identical for each agency.  According to NCUA, “Not one penny of insured savings has ever been lost by a member of a federally insured credit union.”

• Your credit union savings are federally insured by NCUA to at least $100,000.
  In addition, Individual Retirement Accounts (IRAs) are insured separately for up to $250,000 per person.  Insurance limits may be even higher depending on how your accounts are titled.
  
• Central Credit Union is a well-capitalized financial institution.
  In order to be adequately capitalized, NCUA states that credit unions need 6% capital and 7% capital to be well capitalized.  Central Credit Union has more than 13% capital, which is approximately twice the amount needed to be considered well capitalized.
  
• Unlike many banks, we have not engaged in risky, sub-prime mortgage lending.

If you have any questions about the safety of your credit union deposits, please ask.  You can call Member Services at (708) 649-6410 or send us an e-mail.  We also invite you to visit www.ncua.gov for more information on our federal deposit insurance.

Read important consumer news online.

June Challenge--Get Great Threads For Less Bread
This month’s Financial Fitness Challenge keeps you looking fashion forward without being budget backward.

Buy The Safest Car You Can
When you’re car shopping, don’t forget a crucial factor: finding a vehicle that can keep you and your family safe.

Services And Sites To Help Veterans Navigate Benefits Maze
To make veterans’ transitions from tours of duty to home easier, a long list of benefits address health, career, financial, and other needs.

Patient Advocates Are On Your Side
Patient advocates can be invaluable in helping you or your family handle the challenges that accompany a major health event.

Top of Page