Great Lakes Credit Union Bannockburn IL

Introduction

Welcome to Great Lakes, your trusted partner in financial wellness located at 2111 Waukegan Rd, Bannockburn, IL 60015. Since our establishment in 1938, we've been dedicated to serving our community with integrity and care. With a robust membership of over 94,826 individuals, we pride ourselves on being a credit union that truly understands the needs of our members. At Great Lakes, we believe that every financial journey is unique. That's why we offer a range of services tailored to help you achieve your goals. Whether you're looking for loans or savings options, our total assets amounting to an impressive $1,474,360,535 ensure that we're well-equipped to support you. Our commitment is reflected in our total deposits of $70,156,865 and a net worth of $133,911,691, showcasing our stability and dedication to our members' success. Leadership is key to our operations. Under the guidance of CEO Steven Bugg and Board President Patrice Price, we continue to foster a culture of transparency and trust. Our team of 247 employees works diligently every day to provide you with exceptional service and support. While members can visit us at our branch location, official correspondence should be sent to our mailing address: P.O. Box 1289, Bannockburn, IL 60015. We encourage you to reach out at (847) 578-7000 for any questions or assistance you may need. Join us today at Great Lakes where your financial success is our priority! Explore more about what we offer by visiting our website at www.glcu.org. Your journey towards financial empowerment starts here!

Branch History & Mission

Join Us Today!

As we look toward the future, Great Lakes remains focused on innovation and improvement while holding true to our roots. We invite you to become part of this journey. Visit us at 2111 Waukegan Rd or reach out at 847-578-7000 for more information about membership opportunities. Together, let's build a brighter financial future!

Our Journey

Great Lakes began its journey in a modest setting but quickly evolved to meet the needs of our members and the surrounding community. From our founding days focused on personal banking services to today's wide range of offerings, including loans and investment options, our commitment to providing exceptional financial services has never wavered. Located at 2111 Waukegan Rd in Bannockburn, we are easily accessible for all your banking needs. Our growth reflects not just numbers but the trust and loyalty of our members. We believe in building relationships that matter. Each milestone we achieve is a testament to our dedication to fostering a supportive environment where everyone can thrive financially.

Our Mission

At Great Lakes, our mission is clear: to empower our members through quality financial products and outstanding service while supporting the communities we serve. We strive to ensure that every member feels valued and heard. Whether it's through offering competitive loan rates or providing access to essential resources like online banking and mobile payments, we are here to support you every step of the way. We also recognize our role as a community partner. We engage in various outreach initiatives aimed at enhancing local well-being and promoting financial literacy. From sponsoring local events to participating in community programs, we are committed to making a positive impact beyond just banking.

Branch Location & Accessibility

Accessibility Features

At Great Lakes, we believe in making banking accessible for everyone. Our branch is fully ADA compliant, featuring ramps and other accessibility options to ensure all members can easily navigate our space. Whether you're coming in on foot or by vehicle, we aim to provide a welcoming environment for all.

Operating Hours

We understand that life gets busy! That's why our branch operates on flexible hours tailored to meet your schedule. Although specific hours may vary, you can always reach us during the week at our main phone number: 847-578-7000. Our friendly team is eager to assist you with any inquiries you might have.

Services Offered

While we currently do not offer ATM services or drive-thru banking at this location, our dedicated staff is here to help with a variety of banking needs right inside the branch. From account management to loan consultations, we strive to make your experience smooth and pleasant. We invite you to come visit us at Great Lakes! Feel free to call ahead if you have questions or need assistance. We look forward to seeing you soon and helping you with your financial journey!

Member Eligibility

Welcome to the Great Lakes community! Becoming a member of Great Lakes is like opening the door to a supportive family where your financial well-being is our top priority. To join us, you'll need to meet some simple eligibility requirements. Generally, anyone who lives, works, worships, or attends school in certain areas can become a member. We believe in making banking accessible for everyone, so check out the full details on our eligibility criteria at https://www.glcu.org/how-to-open/ . Opening an account with us is straightforward and designed to be welcoming. Whether you're looking for savings options or loan services, our team is here to guide you every step of the way. If you have questions or need assistance, don't hesitate to give us a call at (847) 578-7000. We're excited to help you start your journey with Great Lakes, located at 2111 Waukegan Rd Bannockburn Il 60015! For more information on how to open an account, visit https://www.glcu.org/how-to-open/ .

Business Banking & Commercial Services

Financing for Growth

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $106 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $8 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $198,686,241, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services That Matter

In addition to loans, our merchant services provide practical tools that help streamline payment processes. Imagine a local bakery that can easily accept payments via mobile devices or a retail store enhancing customer satisfaction with quick checkout options. Our services empower businesses to operate efficiently and serve their customers better. Located at 2111 Waukegan Rd Bannockburn Il 60015, Bannockburn, IL, we're ready to partner with you. Reach out at (847) 578-7000 and let's discuss how we can help your business thrive!

Comprehensive List Of Services

Call Us Today!

Ready to explore how Great Lakes can help you reach your financial goals? Give us a call at (847) 578-7000 or visit us at 2111 Waukegan Rd Bannockburn Il 60015. We look forward to serving you and making your banking experience as enjoyable and convenient as possible! Don't forget your journey towards better financial health starts here!

Convenient Digital Banking

In today's fast-paced world, convenience is key. That's why we emphasize our digital banking features that allow you to manage your accounts from anywhere. With online banking, mobile payments, and person-to-person payment options, you can take control of your finances right from your smartphone or computer. Whether it's paying bills while waiting in line or transferring funds instantly to a friend, our digital tools are designed with your lifestyle in mind.

Member-Centric Approach

At Great Lakes, we strive to create an environment where our members feel valued and supported. Our knowledgeable staff is always available to answer questions and provide personalized advice tailored to your financial situation. Whether you're planning for a big purchase or saving for a future goal, we're here to guide you every step of the way.

Personalized Banking Solutions

Whether you're looking for savings options, loan products, or investment advice, our team at Great Lakes is ready to assist you. We offer ATM services to ensure you have access to your money whenever you need it. Imagine being out and about in Bannockburn and needing cash for a quick stop at your favorite café; with our ATM services, you can easily withdraw cash without hassle.

Digital & Online Banking

Convenient Online Access

With our online banking service, you can check balances, pay bills, and transfer funds from the comfort of your home or on the go. Whether it's early in the morning or late at night, our 24/7 online banking services ensure you have access whenever you need it.

Go Paperless with E-Statements

For those looking to simplify their banking experience, we provide e-statements. You can say goodbye to paper clutter and receive your account statements electronically securely and conveniently. Plus, with electronic signature authorization available, signing documents has never been quicker or more straightforward.

Mobile Banking Made Easy

Our mobile application brings all these great features right to your smartphone. Whether you're making person-to-person transfers or utilizing mobile payments for quick purchases, everything is just a tap away. Our app is designed for ease of use, so you can manage your money on the go without any hassle.

Secure Transactions Anytime

Safety is a top priority at Great Lakes. We employ robust security measures to protect your information during every transaction. You can bank confidently knowing that our systems are designed to safeguard your personal data while providing you with the convenience of modern banking. In summary, whether you're using our online platform or mobile app, Great Lakes offers flexible options that make managing your money simple and secure. Discover how easy it is to take control of your finances today!

Financial Strength

Member-Focused Savings

Members' savings are secured through $275,704,705 in share certificates and $120,575,172 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $219,108,255, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Operational Efficiency

Our $1,875,907 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 247 full-time employees and 0 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Reinvestment for Growth

With $92,065,900 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our commitment to lending is evident with $4,462 in used auto loans and a total of $1,172,569,077 in loans and leases available to support your financial goals across various sectors.

Solid Financial Position

With a net worth of $133,911,691, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. This solid foundation is reflected in our net worth ratio of $904, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Trustworthy Growth

Total Share Accounts stand at 199,525, showing a strong and growing member base that trusts us with their finances. The net shares available for lending and investments total $959,685, further demonstrating our capacity 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, Great Lakes is your trusted partner. Visit us at 2111 Waukegan Rd Bannockburn Il 60015 or call (847) 578-7000 to learn more about how we can help you achieve your financial goals.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $51,274,324 in used vehicle loans and $38,600,852 in new vehicle loans already helping members get on the road. Whether you're eyeing a brand-new model or a reliable used vehicle, our competitive interest rates and flexible terms make it easy to drive away with confidence.

Business Financing

For business owners, our outstanding commercial loans totaling $198,686,241 provide the capital needed to grow and expand your business. We understand the unique challenges faced by entrepreneurs and are committed to supporting your journey with tailored financing solutions.

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. We offer Junior Lien 1-4 Family Residential Properties loans totaling $102,311,060, which can help you secure the home of your dreams while managing your budget effectively. Our team is here to guide you through every step of the process.

Refinancing Options

If you're looking to lower your monthly payments or consolidate debt, we have refinancing options available that could save you money in the long run. Speak with one of our representatives today about how we can help make your financial goals more achievable. At Great Lakes, we're dedicated to providing personalized service and competitive loan offerings that fit your unique circumstances. If you're interested in learning more about any of our loan products or exploring eligibility options, don't hesitate to reach out at 847-578-7000 or visit us at 2111 Waukegan Rd Bannockburn IL 60015. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. Let us help you take the next step towards reaching your financial aspirations!

Unsecured Credit Card Loans

Managing everyday expenses can be challenging. We also provide flexible terms on unsecured credit card loans, with a total of $46,552 in loans helping members manage their finances effectively. This option gives you access to funds when you need them most without the hassle of collateral.

Loan Aggregator

Benefits of Using LendMesh

- Verified Data: All loan offers are sourced from legitimate financial institutions, ensuring transparency in what you see. - No Sponsored Listings: Unlike many comparison tools that prioritize lenders based on paid promotions, LendMesh is committed to delivering unbiased results. Your needs come first. - Real-Time Rate Comparisons: LendMesh provides up-to-date loan rates from multiple institutions, enabling you to make informed decisions quickly. Thousands of users trust LendMesh for loan comparisons. One satisfied member shared: "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" This kind of feedback highlights the effectiveness and trustworthiness of the platform. Compare real-time loan offers today at LendMesh and find the best rates for your needs. Disclaimer: Loan approvals and interest rates are subject to creditworthiness, income verification, and applicable federal and state regulations. Rates may vary based on financial institution guidelines.

How LendMesh Ensures Accurate Loan Comparisons

Loan data on LendMesh is sourced directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards, based on the latest results (Source: https://www.ncua.gov ). This means you get fair and transparent offers every time you compare loans. The platform prioritizes accuracy, ensuring that users receive genuine rates reflective of current market conditions.

GREAT LAKES CREDIT UNION

Type of Loan Offerings

Vehicle Loans