U of I Employees Credit Union














News & Events

Stay Current With UIECU!     

Current Newsletter
 

 


In The Newsletter


Trade In Your Credit Card
2010 Scholarship Recipients

Help Support Local Students
We Have Solutions
August 28 Shred Event
Stay In Touch With e-Connect!
Ready For Your Next Move?
Great Rates On Auto Loans!

Home Equity Line of Credit
Inactive Account/Dormancy Fees
What Will Your Retirement Look Like?


Additional Articles
 

 

See additional Newsletters at the end of the articles!


 The Credit Union Difference
Check out what others are saying about credit unions in the news!


Watch CBS News Videos Online
Banks vs. Credit Unions segment originally aired 2/22/10.

GAO: No CUs Referred To DOJ For Fair Lending Violations 
Government Accountability Office reports that no lenders regulated by NCUA have been referred to the Department of Justice for fair lending violations, reported by CUNA. 

Fed Up With Your Bank's Fees? How To Move Your Accounts
Sandra Block, a columnist with USA Today, talks about how easy it is to make the move to a credit union.

Protect Your Finances From A Credit Card Backlash
CNN Money takes you through the new credit card rules and regulations, and helps you find ways to make the new changes work for you.

The Benefits of Credit Unions
U.S. News & World Report takes you through the many benefits of belonging to a credit union.

State of the Credit Unions
Despite problems with big banks, everyday credit unions are in good shape, says Dan Mica, Credit Union National Association president/CEO, in this CNBC video clip.


The current recession has certainly made an impact on all individuals and businesses over the past 18 months. While many financial institutions have struggled, credit unions overall have been able to grow and serve their members with the products and services they need. There has been no credit crunch in credit unions - mortgage operations remain strong and credit card practices have held up to close scrutiny.

Member deposits remain safe and sound at credit unions. U of I Employees Credit Union deposits are insured up to $250,000 per member through the National Credit Union Share Insurance Fund (NCUSIF), administered by the National Credit Union Administration (NCUA).

As the credit union industry has been affected by the economy, the NCUSIF has done its job to protect the deposits of members and credit unions. Fortunately, UIECU has historically operated with a safe, sound, and conservative fiscal approach. This approach has allowed UIECU to fulfill its regulatory requirements to contribute to the strengthening of the insurance fund. This provides protection for member deposits and reinforces our commitment to our members and the credit union industry.

 

Regulators have issued requirements that all federally insured credit unions make additional contributions to the insurance fund to ensure all member deposits are protected. Our compliance with this requirement will eventually result in adjustments to our financial statements, the extent and timing of which is not yet known. These regulatory adjustments are not the result of our credit union’s operations and we do not believe they will have any impact on our ability to serve our membership and continue our strong growth. A more detailed outline of the impact of these requirements is available online at www.uiecu.org.

 

UIECU continues to experience record levels of membership, deposits, and lending. In today’s economy where financial institutions are rapidly changing, we continue to offer value, guidance, and peace of mind to our members. We are proud of our continued ability to provide financial solutions to our members during these economic times and for years to come. 

 
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PO Box 500
Champaign, IL 61824-0500

UIECU Routing Number
271176899
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