Credit union · NCUA insured
Illinois Educators CU
Top CarrotA $121.4M credit union headquartered in Springfield, IL, with 10,152 members and 2 branches in Illinois. Best rates: CDs 4.26% and savings 1.16% APY.
Illinois Educators CU Carrot Score
Carrot ScoreTop Carrot
Higher than 80% of U.S. banks and credit unions
#3 of 22 in Springfield, IL metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Illinois Educators CU
Founded in February 1938 as Springfield Teachers Credit Union, Illinois Educators Credit Union is headquartered in Springfield, Illinois.
The member-owned financial cooperative later changed its name to Illinois Educators Credit Union to reflect its expanding membership.
- Headquarters
- 3101 Montvale Dr, Springfield, IL 62704-4260
- NCUA charter
- 65305
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Employers and groups
- Open to individuals employed by Horace Mann Companies, Illinois Education Association (IEA/NEA), or subsidiaries and affiliates of IEA/NEA.
Military, government and schools
- Open to employees, retired employees, current students, and alumni of any school in Sangamon, Menard, Morgan, Cass, Brown, Adams, Pike, Ford, Champaign, and Scott County, Illinois.
Family and household
- Open to immediate family members of current members.
Cost to join
- A minimum deposit of $5.00 is required to establish membership.
Branches
2 branches in Illinois
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Illinois
2 branches
- MontvaleMain office3101 Montvale Dr, Springfield, IL 62704Directions
- County Market1501 S Dirksen Pkwy, Springfield, IL 62703Directions
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 | 10.59% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 0.87% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 0.16% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $91 | $76 | — |
- CapitalNet worth ratio10.59%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late0.87%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets0.16%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$91Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion 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 Illinois Educators CU are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.