U of I Community Credit Union: Budget friendly home improvement ideas

Champaign, Ill. (WCIA)

Founded as Our Credit Union by Mr. E. W. Eubanks, we began serving hourly wage earners from a janitor room at the U of I Power Plant in October 1932. At the end of that first year, the credit union had 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, and was renamed University of Illinois Employees Credit Union (UIECU).

UIECU’s assets and membership continued to grow, and in 1954 Glen Pickens took a leave from the University to become the first full time employee of the credit union. UIECU’s assets reached over $1,000,000 the following year.

Over the years, we continued to expand our product offerings to better meet the needs of our members. UIECU began the Illinois Guaranteed Loan Program in 1968 to help members obtain loans for their children’s college tuition, and in 1973 we began offering payroll deduction. Share draft checking, certificates, second mortgages, IRAs and money market accounts soon followed.

In 1998, Illini Student Federal Credit Union merged with UIECU making students eligible for membership at UIECU. Champaign Bell Credit Union merged with UIECU in 1999, extending membership eligibility to employees of telecommunications businesses such as Illinois Bell Telephone Company, Ameritech, AT&T Information System, AT&T Communications, AT&T Technologies, and Lucent Technologies.

UIECU began offering online banking in 2000, enabling members across the country and around the world to easily access and manage their accounts. The early 2000s were record years for mortgages and new member growth. In 2006, UIECU was the #1 source for local auto lending in Champaign-Urbana and our Mortgage Department received the “Best of the Best” award from PHH Mortgage Services.

We celebrated our 75^th anniversary in 2007. In 2015, we adjusted our name to U of I Community Credit Union to reflect our open field of membership and our commitment to serving both campus and community. We continue to evolve to better serve our members as we look forward to our centennial celebration!

With the #1 digital banking app in the area, branches in Champaign, McLean, and Vermilion Counties and access to over 50,0000 surcharge free ATMs across the country we are meeting the needs of hard-working consumers where they live, work, and travel.

Do.More.Good. is our Motto and how we show up every day for our members and community.