Myconsumers

In the vibrant Schaumburg community, the Consumers Credit Union branch at 1310 N Meacham Rd is your friendly neighborhood partner for achieving financial success. Whether you’re looking to secure some of the best auto loans and vehicle financing options or exploring low mortgage rates and refinancing solutions, this branch offers personalized service tailored to your unique goals. With convenient lobby hours Monday through Friday from 9:00 AM to 6:00 PM and Saturdays until 1:00 PM, plus extended drive-thru access starting as early as 8:00 AM on weekdays, managing your money fits seamlessly into your busy life.
Serving over 228,000 members with assets exceeding $3.5 billion, Consumers provides a full range of services including personal checking and savings accounts designed for everyday convenience. Business owners can benefit from merchant services and flexible business loans crafted to fuel local growth. Enjoy easy access with on-site ATM and drive-thru banking for deposits, withdrawals, and balance checks. Robust online and mobile banking platforms keep your finances accessible anytime.
Visit the Consumers Credit Union branch in Schaumburg today to explore trusted auto financing or mortgage loan options made just for you. Experience community-focused service that puts your financial future first—contact us for personalized guidance!
Phone: 847-576-5199 | Website: http://www.myconsumers.org

Type of Loan Offerings

home_equity_loans

Home Equity Loans

Program Name
Loan Type
APR
Term
Max Amount
CLTV
Link
home equity
7 %
5 Yrs
80 %
home equity
7.5 %
10 Yrs
80 %
home equity
7.75 %
15 Yrs
80 %
home equity
8 %
20 Yrs
80 %
mortgage_loans

Mortgage Loans

Loan Type
Product Type
Program Type
Rate
APR
Points
Term
Link
CONVENTIONAL
FIXED
15 Yr Fixed
5.5 %
5.733 %
15.0 Yrs
CONVENTIONAL
FIXED
10 Yr Fixed
5.875 %
6.209 %
10.0 Yrs
CONVENTIONAL
ADJUSTABLE
5/1 Conforming ARM
6.25 %
6.394 %
5.0 Yrs
CONVENTIONAL
ADJUSTABLE
5/5 Smart Start
6.625 %
6.772 %
5.0 Yrs
CONVENTIONAL
FIXED
20 Yr Fixed
6.75 %
6.944 %
20.0 Yrs
JUMBO
FIXED
Jumbo 15 Year Fixed
5.5 %
5.596 %
15.0 Yrs
JUMBO
ADJUSTABLE
5/1 Jumbo ARM
6.375 %
6.434 %
5.0 Yrs
JUMBO
FIXED
Jumbo 30 Year Fixed
6.875 %
6.936 %
30.0 Yrs
JUMBO
FIXED
30 Yr Fixed
6.875 %
7.024 %
30.0 Yrs
personal_loans

Personal Loans

Program Name
APR
Term
Amount
Link
Personal loan (unsecured)
8.99 %
vehicle_loans

Vehicle Loans

Loan Program
Loan Type
APR
Term
Link
Auto
With Auto Buying Service
3.99 % - 4.49 %
5 Yrs
Auto
Without Auto Buying Service
4.49 % - 5.18 %
5 Yrs
Auto
With Auto Buying Service
4.84 % - 5.34 %
6 Yrs
Auto
Without Auto Buying Service
5.34 % - 5.84 %
6 Yrs
Auto
With Auto Buying Service
5.94 % - 6.39 %
7 Yrs
Auto
Without Auto Buying Service
6.44 % - 6.89 %
7 Yrs

Introduction

Welcome to Consumers, your trusted credit union located at 1310 N Meacham Rd, Schaumburg, IL 60173. Since our establishment in 1930, we have proudly served our community, providing financial services that empower our 228,456 members. With a robust total assets portfolio of $3,538,406,467 and total deposits reaching $252,671,710, we are committed to ensuring your financial well-being. At Consumers, we believe in building strong relationships with our members. Our dedicated team of 472 employees, led by CEO Sean Rathjen and Board President Scott Drabicki, works tirelessly to provide you with personalized service and innovative solutions tailored to your unique needs. Whether you're looking for an auto loan or a savings account, we've got you covered with over 132,270 loans and leases designed just for you. While members can visit us at our branch location for all your banking needs, official correspondence should be sent to the same address: 1310 N Meacham Rd, Schaumburg, IL 60173-4806. We invite you to explore our comprehensive range of services including personal banking, auto loans, mortgage refinancing, and business banking options. Discover how we can help you achieve your financial goals by visiting our website at myconsumers.org. If you have any questions or need assistance, don't hesitate to call us at 847-576-5199. Join us in making your financial journey smoother and more rewarding!

Branch History & Mission

Community-Centric Initiatives

In addition to traditional banking services like checking accounts and loans, Consumers is dedicated to leveraging technology for better member experiences. With features such as online banking, mobile payments, and electronic signatures, managing finances has never been easier. We also ensure that all our facilities are ADA compliant because everyone deserves equal access. As part of our ongoing dedication to community development, we partner with local organizations to support various causes ranging from education to health initiatives. Our belief is simple: when the community thrives, we all thrive.

Join Us

We invite you to become part of the Consumers family! Experience the benefits of membership today by visiting us or exploring more about what we offer at myconsumers.org. Let's work together towards a brighter financial future! If you have any questions or need assistance, don't hesitate to reach out at 847-576-5199. Your journey begins here with us!

Our Journey

Since opening our doors more than nine decades ago, Consumers has evolved significantly. We have continually adapted to meet the changing needs of our members while staying true to our mission of providing exceptional financial services. As we grew, so did our assets, which now total over $3.5 billion. This growth allows us to offer a wide range of products and services tailored to meet the diverse needs of our members, from personal banking and auto loans to mortgages and business financing. Our headquarters is located in Lake Forest, IL, but our heart lies here in Schaumburg. We understand that our success is tied to the well-being of our community, which is why we actively engage in outreach efforts and partnerships that enhance local initiatives. Whether it's sponsoring community events or offering financial education workshops, we strive to make a positive impact.

Our Mission

The mission of Consumers is clear: to provide accessible and affordable financial solutions while fostering strong relationships within the communities we serve. We aim to empower individuals and families by offering personalized service that makes banking easier and more efficient. Our commitment extends beyond just transactions; we want to support our members' journeys toward achieving their financial goals. While you can visit us at 1310 N Meacham Rd for all your banking needs including convenient ATM access and drive-thru services official correspondence should be sent to our mailing address: 1310 N Meacham Rd, Schaumburg, IL 60173-4806.

Branch Location & Accessibility

Call to Action

We invite you to stop by our Schaumburg location or give us a call at 847-576-5199 if you have any questions. Our team is eager to assist you with all your banking needs! Visit us today and discover how Consumers Credit Union can help you achieve your financial goals.

Nearby Landmarks and Accessibility

Located in the heart of Cook County, our branch is just a stone's throw away from popular landmarks like Woodfield Mall and the Schaumburg Town Square. This prime location means you can handle your banking needs while enjoying the vibrant community around us. Accessibility is important to us. Our branch features ADA-compliant entrances and ramps, ensuring that everyone can access our services comfortably. Plus, with ample parking available, you won't have to worry about finding a spot when you visit.

Operating Hours

We understand that life gets busy, which is why we offer flexible operating hours to fit your schedule. Our lobby is open Monday through Friday from 9 AM to 6 PM, and Saturday from 9 AM to 1 PM. If you're in need of drive-thru banking, you can visit us Monday through Friday from 8 AM to 6 PM and Saturday from 8 AM to 2 PM.

Services Available

At Consumers, we take pride in offering a wide range of services designed to meet your financial needs. From checking and savings accounts to auto loans and mortgages, we've got you covered. You can also enjoy convenient ATM access for quick withdrawals and balance checks anytime!

Member Eligibility

Welcome to the Consumers community! Joining us at Consumers is like becoming part of a family that truly cares about your financial well-being. To become a member, you'll need to meet a few simple eligibility criteria. Generally, you can join if you live, work, worship, or attend school in the areas we serve, or if you have a family member who is already a member. This means that many people can easily connect with us and enjoy the benefits of membership. You can find more detailed information about eligibility on our website at https://www.myconsumers.org/about/what-we-do/membership. Opening an account with us is a breeze! Whether you're interested in personal banking, loans, or other financial services, we're here to help you every step of the way. If you're ready to take that first step towards membership or have any questions, don't hesitate to reach out at (847) 576-5199. We can't wait to welcome you to Consumers, located at 1310 N Meacham Rd Schaumburg Il 60173, where your financial journey will be supported by dedicated professionals who understand your needs.

Business Banking & Commercial Services

Real-World Merchant Services

In addition to loans, we offer merchant services tailored for your needs. Imagine processing payments seamlessly at your storefront or online, allowing you to focus on what you do best serving your customers. Our merchant services can help streamline transactions, making it easier for your customers to pay while boosting your cash flow. Visit us at 1310 N Meacham Rd Schaumburg Il 60173 in Schaumburg, IL, or give us a call at (847) 576-5199 to explore how we can partner together for your business success!

Supporting Your Growth

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $445 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $2 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $301,508,026, we continue to drive economic growth by financing new and expanding businesses.

Comprehensive List Of Services

Convenient Access & Support

In today's fast-paced world, convenience is key. That's why we provide robust online and mobile banking features that allow you to manage your accounts anytime, anywhere. Our ATM services also ensure easy cash withdrawals or balance checks when you're on the go. Plus, with basic drive-thru banking available for deposits and simple transactions, we prioritize making banking as effortless as possible. With all these offerings at Consumers, we're ready to help you take control of your financial journey. For any inquiries or assistance, feel free to reach out at 847-576-5199. Visit us today or explore more about our services at myconsumers.org. Join us in building a brighter financial future together!

Credit Cards and Business Services

Additionally, our credit cards come with rewards that can enhance your spending experience. Enjoy benefits like cashback or travel points while managing everyday purchases effectively. If you're a business owner, Consumers offers comprehensive business banking services including merchant services and business loans. We recognize the importance of supporting local businesses and are here to ensure that you have the financial tools necessary for growth and success.

Home Financing Made Easy

Thinking about buying a home? Our mortgage loans and refinancing services are tailored to help you navigate the journey of homeownership. We understand that every member's situation is unique, which is why our dedicated staff will work closely with you to find the best solution for your needs. For those looking to consolidate debt or fund personal projects, our personal loans provide an affordable way to achieve your financial goals. You can breathe easier knowing that there's a way forward without overwhelming interest rates.

Personal Banking Solutions

Starting with personal banking, we offer various options such as checking and savings accounts designed to help you manage your day-to-day expenses and save for the things that matter most. Imagine easily accessing your funds through online banking or mobile payments while keeping track of your finances with just a few clicks. Our team is here to guide you through selecting the right account that fits your lifestyle. When it comes to financing a new car, our auto loans and vehicle financing options make it simple and straightforward. Picture yourself driving off in your dream vehicle without the stress of complicated loan processes. With competitive rates and flexible terms, we help make car ownership a reality.

Digital & Online Banking

Key Features

One of the standout features is our electronic signature authorization. This means you can sign important documents digitally, saving you time and effort. No more printing or mailing forms everything can be done securely online. E-statements are also available at Consumers, allowing you to access your account statements whenever you need them. Going paperless not only helps the environment but also keeps your information organized and easily accessible. For those who prefer mobile banking, our mobile application is ready for download. With this app, you can manage your accounts on the go, make mobile payments effortlessly, and even send money to friends or family using our person-to-person transfer feature. Whether it's splitting a bill or sending a gift, it's all just a few taps away. At Consumers, we prioritize both convenience and security in all our digital banking services. Our systems are designed with advanced security measures to protect your personal information while ensuring ease of use. Join us today and experience how our digital banking services can simplify your financial life!

Financial Strength

Commitment to Excellence

Our operational efficiency is highlighted by our $0, enabling us to continue offering competitive loan rates and solid financial products for our members. We take pride in having 469 full-time employees and 3 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Growing Member Base

Total Share and Deposit Accounts: 402,566, showing a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments): $2,811,193 further demonstrate our ability to support your needs. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Consumers is your trusted partner. Visit us at 1310 N Meacham Rd Schaumburg Il 60173 or call (847) 576-5199 to learn more about how we can help you achieve your financial goals.

Reinvestment for Better Services

With $174,880,549 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our commitment to growth is reflected in our diverse offerings; with $57,552 in used auto loans and $2,472,658,478 in total loans and leases, our lending capacity supports members' financial goals across various sectors.

Secured Member Savings

Members' savings are secured through $972,453,824 in share certificates and $288,461,304 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $123,830,551, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Strong Financial Health

With a net worth of $322,851,294, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $917 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, with over $1,085,589,876 in used vehicle loans and $350,105,038 in new vehicle loans already helping members get on the road. Whether you're purchasing a brand-new vehicle or a reliable used one, our competitive rates and flexible terms make it easier than ever to get behind the wheel.

Credit Lines and Unsecured Loans

We also provide flexible credit lines and unsecured credit card loans. With a total of $918,558,204 in credit lines available and $90,799,554 in unsecured credit card loans helping members manage their finances effectively, our offerings can help you cover unexpected expenses or everyday purchases without breaking the bank.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $164,345,883, make buying or refinancing simple. We are committed to guiding you through the home-buying process and ensuring that you find a mortgage solution that fits your budget.

Refinancing Options

If you're looking for refinancing options or want to check your eligibility for any of our loan products, we encourage you to reach out. We are here to assist you with personalized support tailored to your financial situation. For more information about our loan offerings or to discuss how we can help you meet your financial needs, please call us at 847-576-5199. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.

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