Credit union · NCUA insured
ELCA Federal Credit Union
A $35.5M credit union headquartered in Chicago, IL, with 2,352 members and 1 branch in Illinois. Best rates: CDs 3.05% and savings 0.25% APY.
ELCA Federal Credit Union Carrot Score
67
Carrot Score
Higher than 19% of U.S. banks and credit unions
#92 of 124 in Chicago, IL-IN metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About ELCA Federal Credit Union
Created by the ELCA in 2016, the ELCA Federal Credit Union is a member-owned financial cooperative sponsored by the church.
It operates as a financial ministry rooted in mission, serving members and strengthening the faith community as the first of the ELCA's financial ministries offering individual consumer loans.
- Headquarters
- 8765 W Higgins Rd, Suite 675, Chicago, IL 60631
- NCUA charter
- 24866
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Employers and groups
- Membership is open to employees, students, volunteers, clients, and other participants of ELCA-affiliated organizations.
- Membership is open to members and participants of ELCA congregations who worship, volunteer, or otherwise participate in ministry at any ELCA congregation.
- Membership is open to all ELCA congregations.
- Membership is open to ELCA ministries and ELCA-affiliated organizations.
- Membership is open to congregations and organizations of the United Church of Christ.
- Membership is open to members and participants of UCC congregations and organizations who worship, volunteer, donate, or otherwise participate in ministry at any congregation or organization of the United Church of Christ.
2 more ways to join
Employers and groups
- Membership is extended to Workplace Banking partners.
Family and household
- Membership is open to immediate family members of current ELCA FCU members.
Branches
1 branch in Illinois
Loading map…
Illinois
1 branch
- ELCA FCU Main OfficeMain office8765 W Higgins Rd, Suite 675, Chicago, IL 60631Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 10.92% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 0.18% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 0.32% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $45 | $59 | — |
- CapitalNet worth ratio10.92%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late0.18%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets0.32%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$45Peers’ middle $59
Compared with the 2,478 credit unions with under $100 million in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of ELCA Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.