In June 2020, CCU merged with Schaumburg, Illinois-based Andigo Credit Union, formerly known as Motorola Employees Credit Union. ![]() Two recent mergers have helped propel CCU’s growth. That means its membership rose by 39% in just nine months and its assets grew by more than 80%. By comparison, the credit union had 124,499 members and $1.33 billion in assets in December 2019. In September 2020, CCU reported $2.46 billion in assets and 173,354 members. The required membership in the Consumers Cooperative Association is available to all for a $5 membership fee. While it maintains branches only in Illinois, Consumers Credit Union (CCU) welcomes customers from throughout the nation. They are among the highest interest rates available for checking accounts in the U.S., although there are some strings attached. ![]() ![]() Perhaps the most notable aspect of Consumers Credit Union’s products is the APYs (annual percentage yields) for its rewards checking accounts. The credit union, founded in 1930, offers an array of products for consumers, including checking accounts, savings accounts, certificates (CDs), home loans, auto loans, credit cards, IRAs and business banking services. Consumers Credit Union, based in Gurnee, Illinois, operates 11 branches in the Chicago suburbs.
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