Question 1

What is University of Illinois Community Credit Union (UICCCU)?

Accepted Answer

University of Illinois Community Credit Union (UICCCU) is a federally chartered credit union headquartered in Champaign, Illinois. With over $741 million in assets and serving more than 64,800 members, UICCCU provides comprehensive financial services to the University of Illinois campus community and surrounding central Illinois counties.

The credit union operates under the motto #DoMoreGood, emphasizing member service, community support, and providing second chances. Originally founded to serve hourly wage earners at the University of Illinois, it has evolved into a full-service community credit union with an expanded field of membership.

Question 2

When was University of Illinois Community Credit Union (UICCCU) founded?

Accepted Answer

University of Illinois Community Credit Union was founded in October 1932 by Mr. E. W. Eubanks, who established it as "Our Credit Union" to serve hourly wage earners at the University of Illinois. Operations began from a janitor room at the U of I Power Plant.

At the end of its first year, the credit union had just 37 members, two borrowers, and $116.97 in assets. By 1935, the credit union moved off campus to Urbana, expanded its charter to include faculty members, and was renamed University of Illinois Employees Credit Union (UIECU).

In 2015, the credit union changed its name to University of Illinois Community Credit Union to reflect its open field of membership and commitment to serving both the university campus and surrounding communities. The credit union celebrated its 75th anniversary in 2007 and continues to serve members as it approaches its centennial.

Question 3

Where is University of Illinois Community Credit Union (UICCCU) headquartered?

Accepted Answer

University of Illinois Community Credit Union is headquartered at 2201 South First Street in Champaign, Illinois.

Question 4

Where does University of Illinois Community Credit Union (UICCCU) operate?

Accepted Answer

UICCCU operates five branches across central Illinois, serving members in the Champaign-Urbana area, Bloomington, Normal, and Danville. Branch locations include the First Street headquarters in Champaign, the Five Points branch in Urbana, and locations in Bloomington (Hamilton Branch), Normal (Kays Branch), and Danville.

Membership is open to anyone who lives or works in Champaign, Ford, Piatt, Douglas, Vermilion, Coles, DeWitt, Edgar, Iroquois, McLean, Moultrie, and Sangamon counties in Illinois. Additionally, University of Illinois employees at all three campuses (Urbana-Champaign, UIC, and UIS), current students at the Urbana-Champaign campus, University of Illinois Alumni Association members, employees of various telecommunications companies including AT&T and its subsidiaries, Carle Hospital employees, and family members of existing members are eligible for membership.

Question 5

What services does University of Illinois Community Credit Union (UICCCU) offer?

Accepted Answer

UICCCU provides a comprehensive suite of financial products and services including:

Deposit Accounts: Share savings accounts, free checking accounts, money market accounts, and certificate accounts with competitive rates.

Lending Services: Auto loans, mortgage loans and refinancing, personal loans, credit cards with rewards programs, home equity loans, and student loans through the Illinois Guaranteed Loan Program.

Digital Banking: Award-winning mobile banking app (rated #1 locally), online banking platform with bill pay, mobile check deposit, e-statements, and 24/7 account access. Members also have access to over 50,000 surcharge-free ATMs nationwide.

Additional Services: Investment and retirement services through LPL Financial Advisors, certified financial counseling, notary public services, safe deposit boxes, signature guarantee services, wire transfers (domestic and international), and vehicle sticker renewal.

The credit union also offers the UICCU Partnership Program, a free employer program providing comprehensive financial wellness components to employee benefits packages.

Question 6

What makes University of Illinois Community Credit Union (UICCCU) unique?

Accepted Answer

Several distinctive features set UICCCU apart:

Community-Focused Mission: The #DoMoreGood philosophy drives every aspect of operations, emphasizing member service, community support, and providing second chances to members facing financial challenges.

Rich Historical Legacy: Operating continuously since 1932, UICCCU has over 90 years of experience serving the University of Illinois community and has grown through 10 credit union mergers, including Illini Student Federal Credit Union (1998), Champaign Bell Credit Union (1999), and most recently Prairieland Federal Credit Union (2022).

Digital Banking Leadership: UICCCU's mobile banking app has earned the distinction of being the #1 locally rated digital banking platform, providing seamless integration between desktop and mobile experiences. The platform features enhanced security while maintaining user-friendly access.

University Affiliation: Strong ties to the University of Illinois system provide specialized services for students, faculty, staff, and alumni across all three Illinois campuses, including partnerships with the University of Illinois Alumni Association.

Auto Lending Excellence: In 2006, UICCCU was recognized as the #1 source for local auto lending in the Champaign-Urbana area, demonstrating expertise in vehicle financing.

Question 7

What type of financial institution is University of Illinois Community Credit Union (UICCCU)?

Accepted Answer

University of Illinois Community Credit Union is a federal credit union chartered under the National Credit Union Administration (NCUA), designated as charter number 60583. As a federally insured credit union, member deposits are protected up to $250,000 by the National Credit Union Share Insurance Fund (NCUSIF).

As a not-for-profit cooperative financial institution, UICCCU operates on a member-owned structure where profits are returned to members through lower fees, better interest rates on savings and loans, and enhanced services. Members have voting rights and elect the volunteer board of directors who oversee credit union operations.

The credit union's field of membership has evolved from its original occupational charter serving University of Illinois employees to a community charter, making membership accessible to anyone who lives or works in designated central Illinois counties, along with select employee groups and university affiliates.

Question 8

What growth has University of Illinois Community Credit Union (UICCCU) experienced?

Accepted Answer

UICCCU has demonstrated strong financial growth and stability. From 1932 assets of $116.97, the credit union reached $1 million in assets by 1955 and has grown to over $741 million in total assets as of 2025.

Recent growth metrics show impressive expansion: total assets increased 12.3% over the past four quarters, total loans grew 14.8%, and total deposits expanded 15.4%. Membership grew 3.2% during the same period, bringing the total member count to over 64,800.

The credit union maintains a strong net worth ratio of 9.57% and a return on average assets of 0.39%, demonstrating sound financial management. The loan-to-share ratio of 95% indicates effective deployment of member deposits into lending activities that serve the membership.

Question 9

How has University of Illinois Community Credit Union (UICCCU) expanded its services?

Accepted Answer

Throughout its history, UICCCU has continuously expanded services to meet member needs. Key service milestones include:

1968: Launched the Illinois Guaranteed Loan Program to help members finance college tuition for their children.

1973: Introduced payroll deduction services.

1970s-1980s: Added share draft checking, certificates of deposit, second mortgages, IRAs, and money market accounts.

2000: Launched online banking, enabling members worldwide to access and manage accounts remotely.

2006: Received the "Best of the Best" award from PHH Mortgage Services for mortgage department excellence.

Recent Years: Introduced comprehensive investment and retirement services through LPL Financial, developed the UICCU Partnership Program for employer financial wellness benefits, and implemented an award-winning mobile banking platform.

University of Illinois Community Credit Union (UICCCU)

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About University of Illinois Community Credit Union (UICCCU) in the United States