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Our Mission & History
Compass Bearing Statement
When it comes to serving this community, nobody has more spirit than we do. As financial coaches, we’re knowledgeable and professional. As our members’ teammates we’re the ones who cheer the loudest when they reach their financial goals. From on campus to across the community, we’re proud to provide financial products that enrich lives and service that creates raving fans.
We provide friendly and efficient service. We are financial coaches that listen to your needs. We earn that title by looking out for your best interests and offering solutions to improve your financial life.
- We will welcome you into your credit union home.
- We will earn your trust by treating you with the highest levels of professionalism.
- We will provide thorough and accurate information in a timely manner.
- We will work with you to identify needs and educate you about options to reach your goals.
- We will exceed your expectations.
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 75th anniversary in 2007. In 2015, we adjusted our name to University of Illinois 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!