Blackhawk Area Credit Union Freeport IL | Low Mortgage Rates & Auto Loans

Introduction

Welcome to Blackhawk Area, your trusted financial partner located at 1555 S Float Ave, Freeport, IL 61032. Since opening our doors in 1935, we've been dedicated to serving our members with care and commitment. With a growing community of 3,870 members and 16 employees, we pride ourselves on being more than just a credit union; we are a part of your neighborhood. At Blackhawk Area, we understand the importance of reliable banking services. That's why we offer a wide range of products tailored to meet your personal and business needs, including checking and savings accounts, auto loans, mortgages, and credit cards with rewards. Our total assets stand at an impressive $37,510,519, showcasing our strength and stability in the financial sector. We also maintain robust member deposits totaling $1,927,040, reflecting the trust our members place in us. Our leadership team is here to guide you on your financial journey. Led by CEO Rhonda Schroeder and Board President Beth Wiegmann, we work diligently to ensure that every member receives personalized attention and expert advice. Whether you have questions about loans or need assistance with online banking, feel free to reach out at (815) 235-8729. While members can visit us at our branch for all their banking needs, official correspondence should be directed to our mailing address: 1555 S Float Ave, Freeport, IL 61032-6501. We encourage you to explore our website at www.bacu.org for more information about our services. Join us today and discover how Blackhawk Area can help you achieve your financial goals!

Branch History & Mission

Welcome to the Blackhawk Area Credit Union, where we have proudly served the Freeport community since 1935. Our journey began with a simple goal: to provide accessible financial services that empower our members. Over the years, we have grown from a small credit union into a trusted institution with over 3,870 members and total assets reaching an impressive $37,510,519. Located at 1555 S Float Ave, Freeport, IL 61032, our branch is easily accessible for all residents in the area. Whether you're heading to local shops or enjoying a day at nearby parks, we are just around the corner, ready to assist you with your banking needs. For official correspondence, please send mail to 1555 S Float Ave, Freeport, IL 61032-6501. At Blackhawk Area Credit Union, our mission is clear: we strive to enhance the financial well-being of our members while actively supporting our community. We offer a range of services from personal banking and auto loans to mortgage financing and business banking solutions. We believe that by providing these resources, we can help individuals achieve their goals and dreams. Our commitment extends beyond financial services. We take pride in being involved in community outreach programs and partnerships that strengthen the fabric of Freeport. From sponsoring local events to supporting educational initiatives, we aim to make a positive impact where it matters most. In this digital age, we also focus on offering modern conveniences for our members. With features like online banking, mobile payments, and ATM access available at our branch along with drive-thru service for quick transactions we ensure that your banking experience is both efficient and user-friendly. We invite everyone in Freeport and surrounding areas to join us at Blackhawk Area Credit Union. Experience firsthand how we can support your financial journey while making a difference in the community together. If you have any questions or need assistance, feel free to call us at 815-235-8729 during our operating hours: Monday through Thursday from 9 AM to 4:30 PM; Friday from 9 AM to 5:30 PM; and Saturday from 9 AM to noon. Join us today and become part of a community-focused credit union dedicated to helping you succeed!

Branch Location & Accessibility

Convenient Access

Getting to our branch is a breeze! We offer ample parking right outside, so you won't have to worry about finding a spot. Plus, our location is ADA compliant, ensuring that everyone can access our services comfortably. If you're in need of quick banking solutions, take advantage of our drive-thru service for deposits and withdrawals without leaving your vehicle.

Hours That Fit Your Schedule

Our operating hours are tailored for your convenience. Visit us Monday through Thursday from 9 AM to 4:30 PM, Friday from 9 AM to 5:30 PM, and on Saturday mornings until noon for drive-thru services. Whether it's a weekday errand or a weekend visit, we're here to serve you!

Services Tailored Just for You

At the Freeport Branch, we offer a variety of services designed to meet your financial needs. From personal banking options like checking and savings accounts to auto loans and mortgages, we are ready to assist you every step of the way. Our friendly staff is always available by phone at 815-235-8729 if you have any questions or need help with our services. While members can visit us at 1555 S Float Ave Freeport Il 61032, official correspondence should be sent to 1555 S Float Ave, Freeport, IL 61032-6501 if it differs from our branch address. We invite you to stop by and experience the personalized service that sets Blackhawk Area Credit Union apart. Your financial journey is important to us come see how we can help today!

Member Eligibility

At Blackhawk Area, we believe that everyone deserves a place in our community. Becoming a member is simple and welcoming, designed for individuals who live, work, or worship in our local area. If you're looking for a supportive financial partner, you'll find that here! We invite anyone who meets our eligibility criteria to join us at our branch located at 1555 S Float Ave Freeport Il 61032. For more detailed information on who can become a member, feel free to check out the eligibility details available. Opening an account with us is an easy process that offers you access to a variety of services tailored just for you. Whether you're interested in personal banking options like checking and savings accounts or loans for your next vehicle, we've got you covered. To learn more about opening an account or if you have any questions, don't hesitate to call us at (815) 235-8729. Join the Blackhawk Area family today and take the first step toward achieving your financial goals!

Business Banking & Commercial Services

Commercial Loan Options

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

In addition to loans, we offer robust merchant services that make accepting payments easy and efficient. Imagine being able to process transactions quickly, whether at your storefront or online. Our tools are designed to simplify your payment processing, so you can focus on what matters most growing your business. Visit us at 1555 S Float Ave Freeport Il 61032 in Freeport, IL, or call us at (815) 235-8729 to explore how our business banking and commercial services can empower your success!

Comprehensive List Of Services

ATM and Drive-Thru Services

Need cash on the go? We also offer ATM services for quick withdrawals and balance checks at your convenience. Our drive-thru banking allows you to complete basic transactions like deposits and withdrawals without leaving your car ideal for busy days when every minute counts! With a team committed to exceptional service, we invite you to experience all that Blackhawk Area has to offer. For more information about any of our services or how we can assist you further, feel free to call us at 815-235-8729. Your financial journey starts here; let us help guide you every step of the way!

Business Banking

For entrepreneurs, we know how crucial it is to have reliable financial support. That's why we provide comprehensive business banking services, including merchant services and business loans designed to help you grow and thrive in your industry.

Digital Banking Features

In today's fast-paced world, convenience matters. At Blackhawk Area, we prioritize ease of access through our online and mobile banking platforms. You can manage your accounts anytime from anywhere using our secure online banking system or mobile application. This includes person-to-person payment options for quick transfers between friends or family.

Loans and Credit Cards

Sometimes life throws unexpected expenses your way. That's where our personal loans and debt consolidation services come in handy, allowing you to tackle those challenges head-on. Additionally, our credit cards come with rewards that can benefit your everyday spending while offering convenience and security.

Personal Banking

We offer various personal banking options that cater to different lifestyles. Our checking and savings accounts provide flexible solutions for everyday transactions and saving goals. If you need financing for a vehicle, our auto loans and vehicle financing options make it easy to get behind the wheel without breaking the bank. For those considering homeownership or refinancing, our mortgage loans provide competitive rates and personalized service.

Digital & Online Banking

Go Paperless with E-Statements

Say goodbye to cluttered mailboxes! With our e-statements feature, you can receive your account statements electronically. This not only helps reduce paper waste but also gives you quick access to your financial information whenever you need it.

Mobile Banking at Your Fingertips

Stay connected with our mobile application available for both Android and iOS devices. From checking your balance to making person-to-person transfers, our app brings banking right to your pocket. Plus, if you're out shopping, take advantage of our mobile payments feature for quick and secure transactions.

Online Banking Made Simple

Our online banking platform is user-friendly and secure, allowing you to check balances, transfer funds, and pay bills from the comfort of your home. You can get started by visiting https://www.bacu.org/. With 24/7 online banking services, you never have to worry about business hours or rushing to the branch.

Security You Can Trust

We prioritize your security by implementing measures that protect your personal information. While we currently do not offer electronic signature authorization, rest assured that all transactions on our platform are safeguarded with top-notch encryption. At Blackhawk Area, we're committed to providing accessible and efficient banking solutions for all our members. Whether you're looking to manage your day-to-day transactions or keep track of long-term goals, our digital banking services are here to support you every step of the way!

Financial Strength

A Growing Community

Total Share Accounts: 7,036, showing a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments): $286,983. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Blackhawk Area is your trusted partner. Visit us at 1555 S Float Ave Freeport Il 61032 or call (815) 235-8729 to learn more about how we can help you achieve your financial goals.

Member Savings and Growth

Members' savings are secured through $1,320,509 in share certificates and $6,697,097 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 $25,404 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 13 full-time employees and 3 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Our Financial Health

With a net worth of $4,652,077, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 12.37% demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Reinvesting in Your Future

With $3,125,665 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity supports members' financial goals across various sectors with $27,774 in used auto loans and $29,157,416 in total loans and leases.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $9,160,038 in used vehicle loans and $4,568,333 in new vehicle loans already helping members get on the road. Whether you're purchasing a brand-new car or a reliable used one, our team is here to assist you every step of the way.

Credit Lines

In addition to these offerings, we provide credit lines with a total amount available of $2,500,000. This option allows members to access funds as needed without applying for a new loan each time. We understand that everyone's financial situation is unique. That's why we encourage you to explore our refinancing options and check your eligibility today. Our knowledgeable staff is ready to help you find the right solution tailored just for you. For more information about our loan products or to start your application process, feel free to contact us at (815) 235-8729. We're here to help you navigate your financial journey! Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $2,092,312, make buying or refinancing simple. We understand that purchasing a home can be overwhelming; that's why we offer personalized support and guidance throughout the process.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $468,885 in loans helping members manage their finances effectively. Our credit cards come with benefits designed to suit your lifestyle while making it easier to keep track of your spending.

Loan Aggregator

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BLACKHAWK AREA CREDIT UNION - Freeport, IL

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