Intro – Consumers Credit Union Reviews & Ranking

AdvisoryHQ recently published its list and review of the top credit unions in Illinois, a list that included Consumers Credit Union.

Below we have highlighted some of the many reasons Consumers Credit Union was selected as one of the best credit unions in Illinois.

Click here for a detailed review of AdvisoryHQ’s selection methodology: AdvisoryHQ’s Methodology for Selecting Top Banks and Credit Unions.

Consumers Credit Union Review

Consumers Credit Union is headquartered in Lake County, Illinois and has been serving member needs since 1930. This member-driven Illinois credit union offers full-service products, including checking, savings, debit and credit cards, loans, CDs, and mortgage products.

Consumers is one of the largest credit unions in Illinois, with more than $930 million in assets and over 83,000 members. CCU offers membership to anyone regardless of where they live and work, which is unique from many of the other Illinois credit unions on this list.

consumer credit union

Image Source: CCU Online options

Key Factors Leading Us to Rank This Firm as One of This Year’s Top Credit Union Firms

Upon completing our detailed review, Consumers Credit Union was included in AdvisoryHQ’s ranking of this year’s best credit unions based on the following factors. 

Consumers Credit Union Review: Free Rewards Checking

Free Rewards Checking from CCU is an excellent opportunity for members to not only save money on fees but also actually earn money on their checking account balance. This interest-bearing account pays up to a 4.59% APY, which is one of the highest checking account interest rates you’ll find anywhere in the country.

Additionally, the Free Rewards Checking account includes no ATM fees, and CCU will reimburse the account holder for all ATM and surcharge fees. It’s available nationwide and also comes with a convenient Visa Debit card, free mobile and online banking, and bill payment.

Other perks of this account include free eDocuments, unlimited check writing, and qualified members can receive Overdraft Privilege.

Consumers Credit Union Review: Home Loans

There is an understanding at Consumers that buying a home is challenging but can also be rewarding. It offers a variety of home mortgage products and services with these concepts in mind. There is a team of expert mortgage professionals who can help buyers find the right loan for them.

Some of the home loan options available from CCU include:

  • Conventional or jumbo home loans
  • Options to buy or refinance
  • Loans for primary, secondary or investment properties
  • Fixed or adjustable-rate loans

You can also start the home loan application process online by visiting the CCU website.

Consumers Credit Union Review: Mobile Wallet

Mobile Wallet functionality is one of the most popular ways consumers make purchases in today’s modern, mobile-driven world. CCU, in an effort to be innovative and keep pace with changing technology, offers the very best payment experiences for members.

You can take advantage of Apple Pay, Samsung Pay or Android Pay at participating merchants to make a purchase for anything.

Free Rewards Checking

Image Source: CCU Mobile Wallet

With Apple Pay, you can make digital payments without a card by using your mobile device. The same holds true for Samsung and Android Pay. In addition to being convenient, these mobile wallet options are also generally more secure than traditional methods of payment.

Consumers Credit Union Review: Shared Branching

Consumers Credit Union is part of a shared branching network, which means members can handle their banking and financial needs at thousands of nationwide service centers. Some of the things you can do at a shared branch include obtaining money orders, notary services, gift cards, stamps, and more.

As part of this shared branch access, you can also take advantage of surcharge-free ATM usage.

This level of convenience and accessibility is offered in conjunction with online options, such as eXpress pay, mobile check deposit, online banking, online bill pay, and the ability to receive eDocuments.

In addition to reviewing the above Consumers Credit Union review, you can click on any of the links below to browse exclusive reviews of AdvisoryHQ’s top rated banking firms & credit unions:

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AdvisoryHQ (AHQ) Disclaimer:

Reasonable efforts have been made by AdvisoryHQ to present accurate information, however all info is presented without warranty. Review AdvisoryHQ’s Terms for details. Also review each firm’s site for the most updated data, rates and info.

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