Berean Credit Union Chicago IL | Affordable Auto Loans & Business Banking

Introduction

At Berean Credit Union, we believe in the power of community and the importance of supporting our members' financial journeys. Established in 1955, we have proudly served 255 members right here in Chicago, IL. Our commitment to providing reliable financial services is reflected in our strong foundation, with total assets of $182,777 and total deposits reaching $135,072. Located at 5147 S Dearborn St, Chicago, IL 60609, we invite you to visit us for a range of personal banking solutions, including checking and savings accounts, auto loans, mortgage loans, and more. While members can come by our branch for assistance, any official correspondence should be sent to our mailing address at 5147 S. Dearborn, Chicago, IL 60609. Under the leadership of CEO Stanley Washington and Board President William Robinson, our dedicated team of one employee works diligently to ensure that every member feels valued and supported. We take pride in our financial health with a net worth of $30,782 and total loans amounting to just 11, showcasing our careful approach to lending. As your trusted partner in finance, we are here to help you achieve your financial goals. Whether you're looking for advice on debt consolidation or need assistance with business banking services, we're just a phone call away at 773-924-0381. We encourage you to stop by during our operating hours: Sundays from 9:30 AM to 2:30 PM and Wednesdays from 7 PM to 9 PM. Join us at Berean Credit Union today your journey towards better financial health begins here!

Branch History & Mission

Join Us

As we look to the future, we invite you to be part of our journey. Experience firsthand the benefits of membership at Berean Credit Union where you are more than just an account holder; you are part of a family that cares deeply about your financial well-being. Visit us during our operating hours on Wednesdays from 7 PM to 9 PM or contact us at (773) 924-0381 for more information. Together, let's build a brighter financial future!

Our Journey

From the moment we opened our doors, our mission has been clear: to provide exceptional financial services while uplifting our community. Over the years, we've adapted to meet the changing needs of our members, ensuring that we remain relevant and impactful. With the commitment of dedicated staff led by our CEO Stanley Washington and President William Robinson, we've built strong relationships within the community that foster trust and cooperation. As part of our growth, we have embraced technological advancements to enhance member experience. While we currently do not offer online banking or mobile payment options, we continue to explore ways to better serve you through traditional means. We also take pride in being ADA compliant, ensuring that everyone can access our services comfortably.

Our Mission

At Berean Credit Union, our mission is not just about providing financial products; it's about creating opportunities for individuals and families in our community. We offer a range of services including personal banking, auto loans, mortgage loans, credit cards with rewards, and business banking solutions. Each service is designed with your needs in mind whether you're saving for your first home or expanding your business. While members can visit us at 5147 S Dearborn St Chicago Il 60609, official correspondence should be sent to 5147 S. Dearborn, Chicago, IL 60609. We are dedicated to supporting local initiatives and partnering with organizations that promote economic growth and education in Chicago.

Branch Location & Accessibility

Comprehensive Banking Services

As a member of Berean Credit Union, you gain access to a variety of services tailored to meet your financial needs. From personal banking options like checking and savings accounts to auto loans and credit cards with rewards, we've got you covered. Our team is here to guide you through every step of the process. While members can visit us at 5147 S Dearborn St for all their banking needs, official correspondence should be sent to the same address for your convenience.

Easy Access and Parking

At Berean Credit Union, we prioritize your convenience. Our location is designed with accessibility in mind, featuring ADA-compliant entrances and ramps to ensure everyone can visit us without hassle. Plus, ample parking is available nearby, so you won't have to worry about finding a spot when you come in.

Get in Touch Today!

Ready to explore what Berean Credit Union has to offer? We invite you to drop by our branch or give us a call at 773-924-0381. Our friendly team looks forward to welcoming you and helping you achieve your financial goals!

Operating Hours That Fit Your Schedule

We understand that life can get busy, which is why we offer flexible hours for your banking needs. Our lobby is open on Wednesdays from 7 PM to 9 PM, giving you the opportunity to manage your finances after a long day. While we currently do not offer drive-thru service or ATMs at this branch, our dedicated staff is ready to assist you during operating hours.

Member Eligibility

At Berean, we believe that joining our community is a wonderful step toward achieving your financial goals. Becoming a member is easy and welcoming, especially if you live or work in the vibrant Chicago area. To qualify for membership, you simply need to meet a few friendly criteria that are designed to be inclusive. Whether you're looking for personal banking options or business solutions, you'll find that our services cater to your needs. If you're curious about the specific eligibility requirements, you can check them out in detail at . Opening an account with us is straightforward and hassle-free. You can start your journey by giving us a call at (773) 924-0381 or visiting us at our branch located at 5147 S Dearborn St Chicago Il 60609. We're here to support you every step of the way as you enjoy the benefits of being part of Berean. With personalized services and a focus on community well-being, we're excited to welcome you into our family!

Business Banking & Commercial Services

Financing Options for Growth

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $0 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $0 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $0, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services That Make a Difference

Imagine running your business smoothly without worrying about payment processing. Our merchant services enable you to accept payments easily and securely, giving you more time to focus on what you do best growing your business. From point-of-sale systems to online payment solutions, we have the tools to help you thrive. If you're ready to take your business to the next level, visit us at 5147 S Dearborn St Chicago Il 60609 in Chicago, IL or give us a call at (773) 924-0381. Let's work together to turn your vision into reality!

Comprehensive List Of Services

ATM & Cash Withdrawal Services

While we currently do not have ATMs on-site at Berean, we ensure that cash withdrawal services are convenient and accessible through shared networks in the area. We invite you to experience all these services and more at Berean Credit Union. For any questions or assistance, please call us at (773) 924-0381 during our operating hours: Sunday from 9:30 AM to 2:30 PM and Wednesday from 7:00 PM to 9:00 PM. Join us today and let us help you achieve your financial goals!

Auto Loans & Vehicle Financing

Thinking about purchasing a new car? Our Auto Loans & Vehicle Financing options can help make your dream ride a reality. We work with you to find a financing solution that fits your budget and lifestyle, ensuring that driving away in your new vehicle is as smooth as possible.

Business Banking

If you're a business owner, our Business Banking services are designed just for you. From merchant services that simplify transactions to tailored business loans that support growth, we have the tools necessary to help your business thrive.

Credit Cards with Rewards

Want to earn rewards while making everyday purchases? Our Credit Cards with Rewards program allows you to earn points for every dollar spent, which can be redeemed for travel, cash back, and more. It's like getting paid for spending!

Mortgage Loans & Refinancing

Homeownership is one of the biggest milestones in life. At Berean, we provide competitive rates on Mortgage Loans & Refinancing to assist you in buying your dream home or refinancing an existing mortgage for better terms. Picture yourself settling into a cozy home while knowing you've made a smart financial choice.

Online & Mobile Banking

In today's fast-paced world, convenience matters. Our Online & Mobile Banking features allow you to manage your accounts from anywhere at any time. Whether it's checking balances or transferring funds, accessing your account on the go has never been easier.

Personal Banking

We understand that everyone has unique financial goals. That's why we offer Personal Banking services, including checking and savings accounts that help you manage your money efficiently. Imagine easily accessing your funds whenever you need them while watching your savings grow.

Personal Loans & Debt Consolidation

Life can throw unexpected expenses our way. That's where our Personal Loans & Debt Consolidation services come into play. Whether you need funds for a home project or want to consolidate debt for easier management, we're here to help lighten the load.

Digital & Online Banking

Key Services

Our online banking platform is built with user-friendly features that allow you to access your accounts anytime, anywhere. Unfortunately, at this time, we do not offer online banking through . While our electronic signature authorization and e-statements are currently unavailable, we're constantly working to improve our services for your convenience. Though mobile payments and a dedicated mobile application aren't available just yet, we're committed to exploring these options in the future. We believe that having the ability to make person-to-person transfers would enhance your banking experience greatly, so it's something we are looking into as well.

Security and Accessibility

Your security is our top priority. Even without current online banking capabilities, we strive to ensure that all transactions are safe when they become available. Our team is dedicated to maintaining robust security measures that protect your personal information and funds. While our current offerings may be limited, rest assured that we're focused on making banking easier for you in the long run. As we expand our digital services, you'll soon have access to features that allow for real-time account management and easy financial tracking. Stay tuned as we work towards enhancing your experience at Berean! We appreciate your trust in us and look forward to serving you better with exciting updates in the digital banking world.

Financial Strength

Growing Membership Base

Total Share and Deposit Accounts stand at 255, showcasing a strong and growing member base that trusts us with their finances. This trust is what drives us to continually improve our services for you. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Berean is your trusted partner. Visit us at 5147 S Dearborn St Chicago Il 60609 or call (773) 924-0381 to learn more about how we can help you achieve your financial goals.

Member-Focused Savings

Members' savings are secured through $0 in share certificates and $0 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Operational Efficiency

Our $5,702 reflects our operational efficiency, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 0 full-time employees and 1 part-time employees who are always ready to serve you with a knowledgeable, committed team.

Reinventing Member Services

With $5,290 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our commitment is reflected in our lending capacity, which supports members' financial goals across various sectors with $6,735 in total loans and leases.

Strong Financial Foundation

With a net worth of $30,782, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,684 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry. Currently, we have provided $0 in used vehicle loans and $0 in new vehicle loans, assisting members in getting on the road with confidence. We also have refinancing options available to help you lower your monthly payments or adjust your loan terms.

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing straightforward. Although we currently have $0 in Junior Lien 1-4 Family Residential Properties loans, our team is ready to guide you through the process when you're ready to take that step.

Unsecured Credit Card Loans

Managing day-to-day expenses can be challenging, which is why we also offer flexible terms on unsecured credit card loans. While we currently show $0 in these loans, our commitment to helping members manage their finances effectively remains strong. For any questions or additional information about our loan offerings, feel free to reach out at 773-924-0381. Our branch is located at 5147 S Dearborn St, Chicago, IL 60609, and we're here to support your financial journey every step of the way. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results.

Loan Aggregator

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BEREAN CREDIT UNION - Chicago, IL