consumers credit union review

Consumers Credit Union Reviews (73) Add a review. "NCUA Federal Insurance." Consumers Credit Union, available to all for a $5 membership fee, offers competitive APYs on its Rewards Checking, plus a wide range of financial services. In addition to earning interest, it is a free checking account. In addition, the credit union refunds fees charged for non-network ATM use when you meet the monthly rewards requirements. The bottom line: Consumers Credit Union’s biggest appeal is its checking account, thanks to a rate that can go up to 4.09% APY. Consumers Credit Union Serious Interest Checking Review. There's no monthly fee and also no ongoing minimum balance requirements, and you need just $5 to open an account. Consumers Credit Union Review Forbes Advisor. These include white papers, government data, original reporting, and interviews with industry experts. The stars represent ratings from poor (one star) to excellent (five stars). Min … And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward — and free. Average Rating: Based on 91 review. For students, Consumers Credit Union offers the Student Choice Checking account, designed for customers ages 13 to 17. Secure messaging is also available when you log in to your account or by email at ccu_info@myconsumers.org, and you can also use live chat to reach an agent. Their other financial products include: If you need help with your account, you can reach customer service by phone at 877-275-2228. at Consumers Credit Union, Federally insured by the NCUA. No one tests banks & credit unions like we do. Factors we consider, depending on the category, include rates and fees, ATM and branch access, account features and limits, user-facing technology, customer service and innovation. Consumers Credit Union CD review Choose from 11 terms to find competitive interest rate options. Reviews from Consumers Federal Credit Union employees about Consumers Federal Credit Union culture, salaries, benefits, work-life balance, management, job security, and more. The Holiday Club Savings Account is designed to help you set aside money for holiday shopping. You can also read our community reviews and hear what others have to say about their experience with Consumers Credit Union. Consumers Credit Union. Accessed August 19, 2020. We may receive compensation if you apply through our links. Consumers Credit Union has the distinction of offering some of the highest rates around for rewards checking, far outstripping the competition. Rates for share certificates — the credit union version of CDs — are not the highest around. Our opinions are our own. 0.0 out of 5 stars. Reviews from Consumers Credit Union, Illinois employees about Consumers Credit Union, Illinois culture, salaries, benefits, work-life balance, management, job security, and more. Increase visibility and credibility of your review by adding a photo. Consumers Credit Union may appeal to someone who's comfortable banking online and doesn't necessarily need to visit a branch. Representatives are available during business hours, which includes weekdays and Saturday mornings. A free inside look at company reviews and salaries posted anonymously by employees. Consumers Credit Union does not put a daily cap on how many overdraft fees you can be charged. If you withdraw your funds before your certificate term is up, Consumers Credit Union may impose a penalty of 60 days' dividends if your term was less than a year and 120 days' dividends if more than a year., In addition to helping members save and manage everyday spending, Consumers Credit Union offers several credit card options, each with no annual fee, including:. Accessed August 19, 2020. Here’s our full Advertiser Disclosure. APY on up to $10,000 by making at least 12 monthly debit card purchases, having electronic transactions (direct deposit, ACH transfer or mobile check deposit) of at least $500 per month and receiving e-statements. Savings account earnings are capped at 2.00% APY and require a checking account. To be eligible to apply, you have to join its sponsoring organization, the Consumers Cooperative Association, for $5. These account terms range from 91 days to 5 years and require a $250 minimum deposit.. The credit score union, based in 1930, presents an array of merchandise for shoppers, together with checking accounts, financial savings accounts, certificates (CDs), … ADDITIONAL RATINGS YOU MIGHT FIND HELPFUL . Prevent identity theft, protect your credit, The difference between term and whole life insurance, How medical conditions affect your life insurance rate. Consumers Credit Union auto loans review. Consumers Credit Union (IL) Reviews. That’s less than the national average and way below what online banks offer. Your loan term will depend on the year of your vehicle. Further, the APYs offered on Consumers Credit Union's other … Get ratings, pricing, and performance for all the latest models based on the features you care about. If you withdraw funds before November, your account will be closed. This is a high-yield account that pays you back when you meet certain requirements. Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc.: Licenses, NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer AccessLicenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812. For the month of May 2020, the minimum number of debit card purchases required has dropped from 12 to 6. Some of the things you can do at a shared branch include obtaining money orders, notary services, gift cards, stamps, and more. Consumers Credit Union. Here is a list of our partners. Consumers Credit Union provides one of the best interest checking accounts available. One of them states: The Money Market Account from CCU also earns interest. Consumers Credit Union is best if you're looking for a free rewards checking account that pays high rates when you meet certain requirements. The savings account doesn’t earn much: 0.05%. All members must open a Member Share/Savings Account, which requires a $5 deposit, but you can also choose to open a checking, money market, certificate, or loan account when you apply. We also reference original research from other reputable publishers where appropriate. However, the longer … Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. Consumers Credit Union. Disclaimer: NerdWallet strives to keep its information accurate and up to date. Accessed August 19, 2020. Like CCU's other savings accounts, this one has no monthly fee. As part of this … Consumers Credit Union. All Consumers Credit Union members must open a share savings account to establish membership. Phone: +1 (800) 991-2221 0 0 … Consumers Credit Union Rating. Earn 3.09% APY on up to $10,000 by making $500 in Consumers Credit Union credit card purchases monthly plus all the previous requirements. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. Quick Summary. Consumers Credit Union. Term lengths go up to five years. 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. For the month of May 2020, the minimum number of debit card purchases required has dropped from 12 to 6. Consumers Credit Union Review: Checking, Savings and CDs Consumers Credit Union is best if you're looking for a free rewards checking … Consumers Credit Union is a change agent for innovation and talent management. That means if you have four negative transactions in a single day, you’d face fees of $120. Many or all of the products featured here are from our partners who compensate us. Here are the requirements for each tier: Earn 2.09% APY on up to $10,000 by making at least 12 monthly debit card purchases, having electronic transactions (direct deposit, ACH transfer or mobile check deposit) of at least $500 per month and receiving e-statements. Consumers credit union reviews and ratings added by customers, testers and visitors like you. Earn up to 4.09% APY on the first $10,000 with a free Rewards Checking Account. Maturity dates range from 91 days to 5 years. Our reviews are formed through our comprehensive research process, which involves getting information direct from credit union websites, reading user reviews and other similar … And compared to the Free Rewards Checking Account, this account earns a much lower APY. Overall, Consumers Credit Union offers a wide range of products with low or no fees, which can be appealing to many consumers. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly. The main benefits include: You'll need to be at least 18 to open a Membership Share/Savings Account. And while the APY on Free Rewards Checking is a solid rate, you have to jump through certain hoops to earn that rate. Earn 4.09% APY on up to $10,000 by making an additional $500 in credit card purchases monthly plus all the previous requirements. From Account Holders in the last year . There's no monthly fee and also no ongoing minimum balance requirements, and you need just $5 to open an account. 3 out … Further, the APYs offered on Consumers Credit Union's other deposit accounts are fairly low; an online bank may offer more impressive rates with a low (or no) minimum deposit and minimal fees. Consumers Credit Union (CCU) Reviews . NerdWallet strives to keep its information accurate and up to date. Its auto loans are best for borrowers who want flexible terms and … We believe everyone should be able to make financial decisions with confidence. While branch locations are limited to the Chicago area, members can bank through over 1,800 CU Service Center partner branches as well as more than 30,000 ATMs nationwide., Much higher rates on deposit accounts compared to many traditional banks, Monthly activity requirements to earn competitive APY on rewards checking. Download Consumers Credit Union - MI and enjoy it on your iPhone, iPad, and iPod touch. APY on up to $10,000 by making $500 in Consumers Credit Union credit card purchases monthly plus all the previous requirements. Term lengths go up to five years. It doesn't earn interest, but members do enjoy essential banking tools, such as:. But if credit is misused, becomes unsustainable and causes … Alternatively, if you don’t complete the initial requirements in any month, you earn, Rates for share certificates — the credit union version of CDs — are not the highest around. Consumers Credit Union based in Lake County, IL (not to be confused with a credit union by the same name in Michigan) is a company that I believe to us very deceptive business practices. See older reviews below. These certificates have a minimum deposit of $100,000. 0.50% APY (annual percentage yield) as of 12/17/2020, 0.50% APY (annual percentage yield) as of 11/17/2020. Anna Serio. A parent or legal guardian must also be listed on the account as a joint account holder. It's also a good choice for people who: At Consumers Credit Union, you can choose from a variety of accounts and access them in multiple ways. Here, they challenge the norm and truly value Membership. You can learn more about the standards we follow in producing accurate, unbiased content in our, We publish unbiased reviews; our opinions are our own and are not influenced by payments from advertisers. Alternatively, if you don’t complete the initial requirements in any month, you earn 0.01% APY on all balances. Consumers Credit Union Auto Loan has auto loans with terms ranging from 6 to 84 months. Consumers Credit Union Reviews and opinions written by visitors like you in a few seconds without registration. There are over 30,000 free ATMs available. NerdWallet’s overall ratings for banks and credit unions are weighted averages of several categories: checking, savings, certificates of deposit or credit union share certificates, banking experience and overdraft fees. Accessed August 19, 2020. Consumers Credit Union Review: Shared Branching . The scoring formulas take into account multiple data points for each financial product and service. They advertise free rewards checking, based on meeting a list of qualifications. Share quick Consumers Credit Union review with others and describe your own experience or read existing feedback. Hello Vanessa - We're very sorry about the back-and-forth you've had between the state, Consumers CU and other financial institutions with your *** Tundra. "You Can Join." Account details include: This account renews automatically. Consumers Credit Union participates in a national shared network of 1,800 branches (along with the 30,000 surcharge-free ATMs). 0 Reviews . Pre-qualified offers are not binding. 3 reviews of Consumers Credit Union "Just financed my auto lease buyout with CCCU and the process was extremely smooth. Consumers Credit Union. "Certificates." Find out in our Consumers Credit Union review below. If you need a checking account for paying bills, accessing cash at the ATM, or just everyday spending, this is a great low-cost option. Search and read consumers credit union opinions or describe your own experience. Rates are tiered, based on your balance. Rates for Regular Certificates are tiered according to the term, not the balance. There are no recent reviews. You can access your CCU accounts in a variety of ways: Your accounts are insured through the National Credit Union Administration (NCUA) up to $250,000 per depositor.. There are many projects and opportunities for personal and developmental growth. Consumers Credit Union Rewards Checking. As with any financial institution, you'll need to give Consumers Credit Union your personal information, including your Social Security number, to open an account.. It helps consumers to finance their buying of a home, their children’s education, a new car or other consumer goods. Headquartered in Gurnee, Illinois, Consumers Credit Union (CCU) has been serving customers for nearly a century. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly. Finally, the Free Checking Account is a basic checking account with no minimum balance requirements and no monthly maintenance fees. By Anthony Nguyen Last updated: August 10, 2020. Existing feedback, which can be charged additional $ 500 in Credit card purchases required has dropped from 12 6... Ipad, and you need just $ 5 withdraw funds before November, your account, based meeting. At locations in the Chicagoland area, as well learn about Consumers Credit Union open to residents all! Daily cap on how many overdraft fees you can link a Consumers account. A solid rate, you have to jump through certain hoops to earn that rate or guardian... Students, Consumers Credit Union members must open a share savings account doesn ’ t to... Reviews of their accounts come with checks and it does n't earn interest in a few without! 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