|
 Mission Statement
The University of Illinois Employees Credit Union is dedicated to its members through excellence in personalized service while promoting the credit union philosophy of People Helping People. We promise to maintain the credit union’s long-term financial stability while providing members with the opportunity to achieve personal financial success. UIECU is truly a service organization, which has been established to operate for the benefit of you, our member!
Experience the Credit Union Difference - make the switch today!
Service Mission & Promises
Creating lasting relationships that make a difference in the lives of our members, in our community and to each other.
We will welcome you as an honored guest in our credit union home.
We will help you to identify your needs and offer solutions to your financial life.
We will treat you with the highest standards of professionalism.
We will provide thorough and accurate information in a timely manner.
We will provide "extra mile" service at each opportunity.
Membership Eligibility Requirements
Like all credit unions, the University of Illinois Employees Credit Union (UIECU) is chartered to serve groups with a common bond. The credit union serves the entire University of Illinois community, the local telecommunications community, as well as anyone who lives or works within Champaign County. If you belong to one of these groups, you're eligible to join the credit union and experience the difference of a not-for-profit financial organization. Apply Now!
2008
E.J. Donaghey was named the new President/CEO of the credit union. The new Five Points Branch, 206 East University Avenue in Urbana, was completed and began serving members.
2007
Celebrated the credit union’s 75th Anniversary in the community with a year of events and promotions. Relocated and redesigned the Illini Union Branch. MEMBERS Financial Services assets under management reached $28 million, a $6.7 million increase. Assets ended the year at $157.7 million; Membership ended the year at 33,203; Total loans increased to $121.7 million.
2006
Launched a new website including over 130 pages of products and services and consumer information; an all new I-Branch Home Banking and bill payment service. Added e-Checking and Members Money Market Accounts. UIECU was the #1 source for local auto lending in Champaign-Urbana. UIECU's Mortgage Department received the "Best of the Best" award from PHH Mortgage Services. MEMBERS Financial Services assets under management reached $21.3 million, a $6.8 million increase. Assets ended the year at $146.9 million; Membership increased to 33,364; Total loans increased to $120.1 million.
2005
Membership increased to 33,117; Assets ended the year at $144.3 million; MEMBERS Financial Services held 969 appointments and assets under management increased 54% to $14.5 million.
2004
UIECU had a record number of new members in 2004 at 4,248, and total membership grew to 32,534; Assets reached $133.5 million; Total reserves reached $13 million; Loan to share ratio surged to almost 84%; MEMBERS Financial Services assets under management increased 42% to $9.2 million and 902 member appointments were held.
2003
Total membership reached a new high of 31,530; Assets reached $129.6 million; Total Reserves reached $11.5 million; New record set for first mortgage originations; August saw a record 1,100 new members. Expanded no-surcharge ATM access with Co-op Network; Courtesy Pay Program implemented. Jane Brockway joined UIECU as the new MEMBERS Financial Services representative; Community Charter granted in October; UIECU named to Top 100 credit unions for online services; and electronic statements were introduced.
2002
Total membership grew to 30,573; Assets reach $120 million; Online usage reached 5,500 users; Illini Draft Money Market balances grew by over 50%; Record number of mortgages processed for UIECU members; Total Reserves topped $10 million mark; New benefits added to checking programs and Higher IRA contribution limits became effective.
2001
Assets reached $105 million; One-stop member service approach implemented; I-Branch access reached 4,000 members; Call Center implemented; Member Privacy Policy implemented; new statements introduced; new Audio Response system implemented; Fall student rush resulted in 565 new members in 8 days, and Membership grew to over 29,750.
2000
A very busy year with the implementation of many new services. New website - www.uiecu.org; Online Bill Payment, Online Check Reordering and I-Branch Home Banking; Auto Tax Advantage Loans, and Ready Access Program Loans; a New Telephone System; Johnstowne Centre Branch Office opened; ATM access expanded. In addition fourteen MEMBERS Financial Services workshops were conducted.
1999
Champaign Bell Credit Union merged with UIECU making employees of telecommunications businesses eligible for membership such as Illinois Bell Telephone Company, Ameritech, AT&T Information System, AT&T Communications, AT&T Technologies, and Lucent Technologies.
1998
Illini Student Federal Credit Union merged with UIECU making students eligible for membership at UIECU and giving UIECU its first branch office at 1001 South Wright Street, Champaign. UIECU added an ATM in the IMPE building.
1997
65th Anniversary Celebration. Longest Continuous Membership holder, Maurice Key, honored. Mr. Key served as President of the Board of Directors of UIECU in 1950 and again in 1952. Plan America Center opened at the Credit Union. Members of the U of I Alumni Association became eligible for membership. Assets reached $75.6 million.
1996
UIECU's hours expanded and safe deposit boxes added.
1995
To meet the needs of its ever-growing membership, UIECU expanded its offices from 8,600 sq. feet to 16,000 sq. feet and added a drive-up ATM.
1993
Total Assets reached $64.4 million; UIECU Mission Statement developed and the first extensive member survey was conducted.
1992
Record year for mortgages with 125 new mortgages totaling $11.2 million. Membership 21,221. New Services: Travelers checks for two, Signature Guarantee, U.S. Savings Bonds, Car Smart software, and ACH origination. UIECU lifted the VISA annual fee and lowered the APR to 13.5% from 14.8%.
1991
Touch Tone Teller handled over 60,000 transactions. Illini Draft Money Market Account introduced; Assets $56.6 million.
1990
Membership 20,493; Loans outstanding $26 million; Assets $51.3 million; Touch Tone Teller introduced, over 900 members signed up to try the new service.
1989
First mortgage loans introduced.
1988
Charles A. Rutan joins UIECU as the new president. Loans outstanding $17.4 million.
1987
Membership 19,085; Assets $ 51.9 million.
1986
The credit union joined the Easy Answer ATM Network with 23 locations in C-U. Assets $46.9 million, VISA cards increased to 1900 accounts.
1985
New VISA service introduced. Membership 15,433; Assets $35.2 million.
1984
Glen Pickens retires after 36 years of service at the credit union. Larry Frohock promoted to president. Membership eligibility extended to family of current members without regard to residency. Drive-up extended hours to include Saturdays and increased to 6 tellers by opening 2 more drive-up stations.
1983
New services introduced: Money orders, travelers checks, 6 month and 2 year Silver Share, 2nd mortgages, and Christmas Club.
1982
UIECU introduces IRAs to members. Loans outstanding $6.4 million. Membership 12,109; Assets $25.3 million; Silver Share Certificates reached $9.1 million.
1981
UIECU introduced Share Draft checking. The credit union had to curtail loans temporarily as shares seriously declined. An All Savers Certificate program began and 185 members deposited over $500,000 on the first day of the program. Membership 11,800; Assets $18 million.
1980
UIECU moved to its new building- 2201 South First Street, Champaign, and opened first drive-up. Assets $17 million; 12 staff members.
1978
New building site purchased and architect hired to draw plans for new building at 2201 South First Street. Construction began on new building in 1979.
1977
Assets $16 million; Membership 9,822.
1976
UIECU began computerized data processing.
1974
UIECU in the top 15 of the 165 million dollar credit unions in the state of Illinois. Assets $10 million; Dividends paid at 6.5%.
1973
Payroll deduction service began from the U of I. Assets $9 million.
1971
UIECU Membership 8,138 with 3,013 borrowers.
1968
UIECU began the Illinois Guaranteed Loan Program to help members obtain loans for their childrens college tuition. Assets totaled $6 million; Dividend rate 5%, Loans outstanding $5 million.
1964
Assets exceed $5 million.
1961
UIECU moved to its own building located at 512 S. Third Street, Champaign. Five employees on the payroll.
1959
Loans totaled $1.3 million.
1958
Assets $2.1 million. The credit union had to repossess its first automobile.
1957
UIECU celebrated its 25th Anniversary. Moved to 1203 West Oregon Street, Urbana.
1955
Assets reached over a $1,000,000.
1954
Glen Pickens took a leave from the University and became the first full time employee of the credit union. Hours of operation are 11 am to 6 pm.
1951
UIECU moved to 206 South Goodwin, Urbana. Board voted to limit deposits to $25 per month on share accounts with $500 or more on deposit.
1949
The University of Illinois gave the credit union office space at 1205 W. California, Urbana.
1948
Glen Pickens, later to become the President of the credit union was elected Treasurer. The credit union held office hours from 5 pm to 8 pm.
1947
Moved to 118 Physical Plant Service Building, Urbana. Assets totaled $225,000; Membership approximately 500 people.
1941
425 UIECU members with 260 loans outstanding.
1939
UIECU moved to 901 Western Avenue, Urbana. First year of set operating hours 8 am to noon and 5 to 6 pm. Assets totaled $105,000.
1935
The name of the credit union was changed to the University of Illinois Employees Credit Union. The credit union's charter was changed to include faculty as members. Membership 20 people.
1934-1938
The University prohibits credit union business from being conducted on campus. UIECU moved to a small building on the property of the treasurer, Mr. Eubanks, located at 1213 W. Clark Street, Urbana.
1934
News: 2,300 credit unions in the U.S., representing 450,000 members. The Federal Credit Union Act established a Federal Credit Union system; to establish a further market for securities of the U.S. and to make available to people of small means credit through a national system of cooperative credit.
1932
UIECU then named Our Credit Union organized October 26, 1932. Mr. E. W. Eubanks conducted business from a janitor room at the U of I Power Plant. Hourly wage earners were eligible for membership but not faculty. Membership fees were $9; at year end 37 members, 2 borrowers, and assets equaled $116.97.
|
