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Illinois Educators Credit Union

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Illinois Educators Credit Union Rates & Review September 2026

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Illinois Educators Credit Union provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated and Verified: September 10, 2026

Illinois Educators Credit Union's Personal Loan Rates are at 12.25%. MonitorBankRates evaluates the financial stability of Illinois Educators Credit Union with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 4.64%. Rates last updated and verified on 09/10/2026.

Illinois Educators Credit Union money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Illinois Educators Credit Union? Share your experience about Illinois Educators Credit Union by leaving a review below, or read customer reviews before you decide to use Illinois Educators Credit Union.

Verified Healthy 2026 Use This Badge on Your Credit Union Website

Overall Health & Safety Grade

A+

Exceptional Health Score: 98/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

4.64%

Excellent Lower than avg

Health Trend

Very strong 12 quarters

Full history ›

Illinois Educators Credit Union
Montvale

3101 Montvale Dr
Springfield, IL 62704-4260

https://www.iecumember.org

Illinois Educators Credit Union Auto Loan Rates

Product	Rate	Points	APR	Term
Auto Loan - New 2026-2025	-	-	4.49%	Up to 60 Months
Details As Low As; 72 month financing applies to vehicles $20,000 or more. Last Updated 09/03/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.64%
Auto Loan - Used 2025-2023	-	-	4.49%	Up to 60 Months
Details As Low As; 72 month financing applies to vehicles $20,000 or more. Last Updated 09/03/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.64%
Auto Loan - New 2026-2025	-	-	4.99%	Up to 72 Months
Details As Low As; 72 month financing applies to vehicles $20,000 or more. Last Updated 09/03/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.64%
Auto Loan - Used 2025-2023	-	-	4.99%	72 Months
Details As Low As; 72 month financing applies to vehicles $20,000 or more. Last Updated 09/03/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.64%
Auto Loan - 2022-2019	-	-	7.24%	Up to 60 Months
Details As Low As; 72 month financing applies to vehicles $20,000 or more. Last Updated 09/03/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.64%
Auto Loan - 2022-2019	-	-	7.74%	Up to 66 Months
Details As Low As; 72 month financing applies to vehicles $20,000 or more. Last Updated 09/03/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.64%
Auto Loan - 2018-2016	-	-	9.50%	Up to 54 Months
Details As Low As; 72 month financing applies to vehicles $20,000 or more. Last Updated 09/03/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.64%
Auto Loan - 2013 and Older	-	-	10.50%	Up to 42 Months
Details As Low As; 72 month financing applies to vehicles $20,000 or more. Last Updated 09/03/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.64%
Auto Loan - 2015-2014	-	-	10.50%	Up to 48 Months
Details As Low As; 72 month financing applies to vehicles $20,000 or more. Last Updated 09/03/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.64%

Illinois Educators Credit Union Credit Card Rates

Product	Rate	APR
Visa Gold	-	12.90%
Details Intro rate expires: 12 months; Regular APR: 19.99% - 29.99% Last Updated 09/03/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.64%
Visa Classic	-	14.90%
Details Intro rate expires: 12 months; Regular APR: 19.99% - 29.99% Last Updated 09/03/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.64%

Illinois Educators Credit Union Personal Loan Rates

Product	APR	Term	View More
Personal Loan	12.25%	24-60 Months
Details As Low As; APR=Annual Percentage Rate. Last Updated 09/03/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.64%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
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Financial Health History

Illinois Educators Credit Union’s Texas Ratio stayed near 4.21% in Q2 2023 to 4.64% in Q1 2026, so its financial health has stayed very strong over the past 12 quarters. Over the same period its Star Rating moved from 5.0 to 5.0. Lower Texas Ratios are healthier; the amber line marks the 15% level a credit union must stay under to qualify for the MBR Verified Healthy badge. Hover over or tap a point for that quarter’s figures.

Swipe the chart sideways to see every quarter.

Texas Ratio, left axis (lower is healthier)MBR Star Rating, right axis (1 to 5)Health Grade15% Verified Healthy threshold

How to read this chart: the two lines move in opposite directions by design. The Texas Ratio (blue) measures trouble, so a rising blue line means more non-performing assets against capital. The Star Rating (green) and Health Grade chips measure strength, so they fall when the Texas Ratio climbs and recover when it drops.

Show the quarterly figures

Quarter	Total assets	Texas Ratio	Star Rating	Health Grade
March 31, 2026	$121M	4.64%	5.0	A+
December 31, 2025	$120M	7.43%	5.0	A
September 30, 2025	$122M	7.11%	5.0	A
June 30, 2025	$112M	3.24%	5.0	A+
March 31, 2025	$106M	2.42%	5.0	A+
December 31, 2024	$101M	4.47%	5.0	A+
September 30, 2024	$101M	3.65%	5.0	A+
June 30, 2024	$101M	2.73%	5.0	A+
March 31, 2024	$103M	2.35%	5.0	A+
December 31, 2023	$102M	4.39%	5.0	A+
September 30, 2023	$104M	5.42%	5.0	A+
June 30, 2023	$100M	4.21%	5.0	A+

Source: NCUA 5300 call reports, MonitorBankRates analysis. Ratings shown are recomputed for each quarter with the current methodology and exclude member reviews.

Methodology & Data Sources

MonitorBankRates Star Rating

Our rating for Illinois Educators Credit Union is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.

Texas Ratio

We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation

We gather Illinois Educators Credit Union rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Illinois Educators Credit Union's official website for the most current offers and terms.

Credit Union Profile & Overview

Credit Union Name Illinois Educators Credit Union

Website https://www.iecumember.org

Address 3101 Montvale Dr, Springfield, IL 62704-4260

Phone 217-528-2642

Fax 217-528-2681

President John Meyer

CEO Jody Dabrowski

Full-Time Employees 17

Part-Time Employees 6

Branch Locations 2

ATM Locations 1

NCUA Insured ✓ Yes — Up to $250,000 per depositor

Financials

MonitorBankRates Star Rating

5.0 / 5.0 ★

Overall Health & Safety Grade

A+ (98/100)

Texas Ratio

4.64%

Return on Assets (ROA)

-0.0166%

Return on Equity (ROE)

-0.1592%

Non-Performing Loans Ratio (NPL)

0.67%

Total Assets

121,376,401

Total Amount of Shares and Deposits

103,322,788

Total Shares and Deposits < 1 Year

95,659,928

Total Shares and Deposits 1 3 Years

7,264,396

Total Shares and Deposits > 3 Years

398,463

Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)

2,180,339

Total Uninsured Shares and Deposits > $250K (F+J)

2,182,556

Total Insured Shares and Deposits > $250K (item 17 less item K)

101,140,232

Total Interest Expense (Sum of items 6 8)

430,996

Share Certificates

612

Number of Accounts for Share Drafts

3,333

Number of Accounts for Regular Shares

10,133

Non Member Deposits

Money Market Shares

189

Net Income (unless the amount is already included in Undivided Earnings)

-20,126

Net Worth Classification if credit union is not new (Based upon Call Report data only See instructions)

Well Capitalized

Net Worth Classification if credit union is a new credit union

Well Capitalized

Total Cash on Deposit (Amounts Deposited in Financial Institutions)

2,384,726

Total Liabilities

108,831,040

Source: NCUA — Last Updated 03/31/2026

2026 MBR Health & Safety Badge

Illinois Educators Credit Union earned the Verified Healthy badge

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Customer Reviews

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Total Reviews

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Frequently Asked Questions About Illinois Educators Credit Union

How many branches does Illinois Educators Credit Union operate?

Illinois Educators Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is a member application needed to join Illinois Educators Credit Union?

Yes, to access services at Illinois Educators Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Is there a first-time homebuyer program?

Currently, Illinois Educators Credit Union does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Illinois Educators Credit Union provides members with tools to manage their accounts and build a solid financial history.

Does Illinois Educators Credit Union offer online and mobile banking?

Most modern institutions like Illinois Educators Credit Union provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.iecumember.org.