News & Promotions
Don't miss out on news and special offers from Central Credit Union Of Illinois. To receive information about current news and promotions via email, please call Member Services at (708) 649-6410 to add your e-mail address to your account.
Running short on cash for the holidays? Emergency? Unplanned expense?
Get the cash you need when you want it with Central Fast Cash.
- No credit score or report needed to qualify
- Borrow up to $1,200 with a $20 processing fee*
- Funds in your account in minutes upon approval
- 9-12 month term based on amount borrowed
- Build credit through repayment
To qualify...
- Required monthly direct deposit/payroll deduction to Central Credit Union for at least $75
- Member for at least 6 months
- Credit union accounts in good standing
To apply, log into online or mobile banking and click on Central Fast Cash.
*Qualified members can borrow $500-$1,200 with repayment periods from 9-12 months. A $20 processing fee will be deducted from loan proceeds. Rate: 25.00%. APR: 28.08%-36.48%. Rate and APR accurate as of 12/6/24 and subject to change at any time.
Loan Amount: $500-$800. Term: 9 Months. Monthly Payments: $61.48-$98.36
Loan Amount: $801-$1,200. Term: 12 Months. Monthly Payments: $76.10-$114.01
Make your holidays merry and bright with Borrower’s Bargain Loan rates as low as 9.9% APR.
Get everything you want and need this holiday season with our special Borrower’s Bargain Loan. Make purchases, pay bills and more while saving on interest and payments.
Borrow for as low as 9.9% APR.* Want cash for holiday purchases? Need plane tickets, home repairs or extra cash for necessities? With our Borrower’s Bargain Loan, you’ll get the money you need for less.
Save on interest and payments. Pay off high-rate bills with a Borrower’s Bargain Loan, and you could reduce the interest you pay. Plus, you could lower your monthly payments leaving more money for other expenses.
Borrow up to $30,000 for up to 5 years. Qualified members can borrow up to $30,000 at our great rate and take up to 5 years to repay. Minimum loan amount is $1,000.
Apply here. Or, call (708) 649-6420 to apply.
Offer ends December 31, 2024.
*APR may vary based on creditworthiness. To take advantage of the listed rate, you must apply by December 31, 2024 and disburse your loan by January 15, 2025. Loans are repayable in equal monthly installments over the term of the loan. Example: Monthly payment on a $15,000 loan at 9.9% APR for 60 months is $318.07. Total finance charge: $4,083.47. Total loan cost: $19,083.47.
Skip your November, December or January loan payment.
To help you ease the financial strain of the holiday season, we invite you to skip a payment on your Central Credit Union loans during November, December or January.* Use the money you'll save to pay down your high-interest holiday bills or for something special.
This offer is valid for your November, December or January payment on all credit union loans except Home Equity Loans, Home Equity Lines of Credit, Mortgages and Payday Plus Loans.
To take advantage of this offer, download, complete and return the request form. Forms can be faxed to (708) 649-6429. There will be a low $30 processing fee for each credit union loan on which you wish to skip a payment.
For more information, call our Loan Department at (708) 649-6420. But hurry. This offer is only good for November, December or January payments and ends January 31, 2025.
*All requests are subject to credit union approval. To take advantage of this offer, your credit union accounts must be in good standing and you must have opened your loan accounts at least 75 days prior to the due date for the payments you want to skip. By taking advantage of this offer, you acknowledge that you are amending the original terms of your loan agreement, the interest on your loan will continue to accrue during the month in which you skip a payment and that your original loan term may be extended. All skip-a-payment requests must be received at least five days prior to your payment due date in order to be processed.
Central Credit Union Team Members Give Back To Frieda's Place.
On Sunday, Central Credit Union team members, family and friends volunteered at Frieda's Place in Chicago where they helped prepare a warm and healthy meal for local patrons, sort donations, pass out winter care packages and more!
Central Credit Union is grateful to have had the opportunity to meet the savings, loan, investment and financial literacy needs of our members since 1936, and our team members appreciate the opportunity to give back to our local communities.
Federal Home Loan Bank of Chicago awards $15,000 grants to
D’Arce Painting and Noe’s Landscaping
Funds sponsored by Central Credit Union Of Illinois
support small businesses in local communities
Bellwood, IL - October 31, 2024 – This week, the Federal Home Loan Bank of Chicago (FHLBank Chicago) awarded Noe’s Landscaping and D’Arce Painting grants of $15,000 each through its Community First® Accelerate Grants for Small Business program. FHLBank Chicago offers grants of up to $30,000 to eligible small businesses to advance economic opportunity in the communities it serves.
Noe’s Landscaping, which was founded in 2010, is owned by Noel Villalobos. In addition to offering landscaping and regular lawn-care maintenance service to local residents, the Hillside company also provides one-time cleanup, stone/paver work and snow removal services. Villalobos plans to use the grant for a heavy equipment purchase. The company employs local employees, and its services help to keep the community neat, clean and safe.
D’Arce Painting was also founded in 2010 and is in Aurora. Owned by David Arce Rodriguez, the company provides home improvement services including exterior and interior painting, deck design and building, power washing and staining of outdoor structures. They also offer tiling and grouting, drywall installation and repair and full bathroom remodels. Rodriguez, who takes pride in employing workers who might not be able to find other types of employment, will use his grant to replace and upgrade equipment.
“Central Credit Union Of Illinois is proud to partner with FHLBank Chicago in its Community First Accelerate Grant program for our small business owners,” said Robert Anderson, President and CEO, Central Credit Union Of Illinois. “This is an amazing opportunity for CCUI to highlight our relationships with our small business owners. We understand how important it is to our members and the community to continue to provide financial assistance for our small business owners to thrive”.
Through FHLBank Chicago’s member institutions, like Central Credit Union Of Illinois, Accelerate Grants assist the growth and development of small businesses in Illinois and Wisconsin. All grant recipients are small businesses that make a difference in their community, and funds are intended for the following purposes:
- The purchase or improvement of property
- The purchase of machinery, tools or equipment
- The purchase of inventory, materials, or supplies
- Workforce development or training
- New or upgraded technology
“Small businesses play an integral role in local communities in driving economic growth, from creating jobs to fostering community development,” said Katie Naftzger, Senior Vice President, Community Investment Officer, FHLBank Chicago. “As a leader in the housing and community development space, FHLBank Chicago recognizes that affordable housing isn’t just about the homes themselves—it’s about ensuring entire communities have what they need to thrive, including economic opportunities for the residents and small businesses who call them home.”
The grant was sponsored by Central Credit Union Of Illinois – a full-service, not-for-profit financial institution headquartered in Bellwood. Established in 1936, the credit union provides savings, loan, investment and financial education programming and resources to its members from local communities and its many affiliated companies and organizations.
For more information on Accelerate Grants and eligibility, visit www.fhlbc.com.
About Central Credit Union Of Illinois
Central Credit Union Of Illinois is a state-chartered credit union headquartered in Bellwood, Illinois. The credit union also has a branch in Orland Park and a location for investment services in Hillside. Serving more than 10,000 members, the credit union offers membership to Illinois residents and their immediate family members as well as the employees of many affiliated companies and organizations. The credit union strives to help members increase their savings, lower their borrowing costs and reduce fee expense while also providing educational resources for its members and local communities. For more information, please visit www.centralcu.org.
About the Federal Home Loan Bank of Chicago
FHLBank Chicago is a regional bank in the Federal Home Loan Bank System. FHLBanks are government-sponsored enterprises created by Congress to ensure access to low-cost funding for their member financial institutions, with a focus on providing solutions that support the housing and community development needs of members’ customers. FHLBank Chicago is a self-capitalizing cooperative, owned by its Illinois and Wisconsin members, including commercial banks, credit unions, insurance companies, savings institutions and community development financial institutions. To learn more about FHLBank Chicago, please visit fhlbc.com.
“Community First” is a registered trademark of the Federal Home Loan Bank of Chicago.
Claim your no-cost Accidental Death & Dismemberment Insurance.
Add more coverage starting at around $1 a month.*
Your $1000 of no-cost TruStage™ Accidental Death and Dismemberment coverage, courtesy of Central Credit Union, is now available for you to claim.
As a member of Central Credit Union, you have received $1000 in AD&D coverage from TruStage at no cost to you. AD&D coverage can pay a cash benefit to you and your loved ones in the case of a covered accident. It can also pay benefits if you are hospitalized or suffer from lost ability (such as loss of eyesight or hearing) due to an accident. It’s money your family can use to help cover any expenses you have while you focus on recovery.
Again, it costs you absolutely nothing—only a few minutes of your time—to get $1000 of coverage. If you choose, additional insurance is available for you or eligible family members at rates designed to be budget-friendly. Your acceptance is guaranteed—with no health questions or medical exam.
Don't miss out on this valuable, no-cost benefit part of your credit union membership. Enrolling is quick and simple. Go to www.trustage.com/add-insurance or call toll-free 1-800-798-8798.
*Cost is between $1 and $1.50 per month for every $10,000 of individual TruStage AD&D Insurance.
TruStage™ Accidental Death and Dismemberment Insurance is issued by CMFG Life Insurance Company. The insurance offered is not a deposit, and is not federally insured, sold, or guaranteed by any financial institution. Product and features may vary and not be available in all states. Corporate Headquarters 5910 Mineral Point Road, Madison, WI 53705. Base Policy Form Numbers: ADD-2018-POL, ADD-2018-POL(OR), 2018-ADD-POLRDR-CI, 2018-ADD-POLRDR-CNR, E10-ADD-2012, E10a-ADD-2012-LSCU, E10a-014-2012, E10a-014-2012(OR), E10a-015-2012, F10a-015-2012-1(WA).
© TruStage
ADI-2951032.2
Central Credit Union team members walk to make a difference.
On Sunday, October 6th, our dedicated staff from the Orland Park and Bellwood offices proudly volunteered to walk in American Cancer Society’s Strides Against Breast Cancer events! We are grateful to have had the opportunity to support such a meaningful cause and show our commitment to the fight against breast cancer.
At Central Credit Union Of Illinois, we believe in making a positive impact beyond the walls of our branches, and we are honored to stand together with those affected by breast cancer.
Easily transfer funds to or from your credit union accounts with external transfers.
We're pleased to announce that you can now conveniently transfer funds to your Central Credit Union accounts from other financial institutions and transfer funds from your credit union accounts to other financial institutions. One-time transfers can be made or reoccurring transfers can be scheduled. Simply click on "Move Money" from the menu inside online banking to get started. You can also make transfers through mobile banking.
To register for online banking click here. You can register for mobile banking directly through our mobile app.