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

Introduction

At Verve, A Credit Union, we believe that your financial journey should be supported by a trustworthy partner. Located at 525 W Roosevelt Rd, Chicago, IL 60607, our branch has been serving the community since 1938. With over 61,952 members and $1,569,899,564 in total assets, we are dedicated to providing personalized financial solutions tailored to your needs. While you can visit us at our branch for friendly service and expert advice, please note that official correspondence should be directed to our mailing address: 525 W Roosevelt Road, Chicago, IL 60607. Under the leadership of our CEO, Kevin Ralofsky, and Board President Victoria Beltran, we pride ourselves on building lasting relationships with our members. With a team of 267 employees, we are committed to making banking easy and accessible for everyone. Our offerings include a wide range of services such as checking and savings accounts, auto loans, mortgage loans, personal loans, business banking options, and much more. With over 32,650 loans extended to our members and total deposits amounting to $103,717,683, we focus on helping you achieve your financial goals. Whether you're looking for a new vehicle or planning for your future through savings and investments, we're here to support you every step of the way. If you have any questions or need assistance, don't hesitate to call us at 312-491-7000. Our lobby hours are Monday through Friday from 9:00 AM to 6:00 PM and Saturday from 8:00 AM to 1:00 PM. Explore more about what we offer by visiting our website at Verve A Credit Union. Join us today and experience the difference of being part of a community-focused credit union!

Branch History & Mission

Community Engagement

At Verve, A Credit Union, we don't just stop at providing financial products; we actively engage with the community through various outreach initiatives. We partner with local organizations and participate in events aimed at improving the lives of those around us. Our focus on community well-being drives us to offer educational programs that promote financial literacy and responsible money management. While members can visit us at 525 W Roosevelt Rd, official correspondence should be sent to 525 W Roosevelt Road, Chicago, IL 60607 if different. We invite you to join us at Verve where your financial journey matters. Experience firsthand how we can make a difference in your life while you become part of a vibrant community dedicated to mutual growth and success. Contact us today at 312-491-7000 or visit our website here for more information on becoming a member!

Our Mission

Our mission is simple yet profound: to provide exceptional financial services while making a positive impact in our community. We believe that everyone deserves access to quality banking options that can help them achieve their financial goals. Whether it's opening a checking account, financing a new vehicle, or planning for retirement, we are here to support our members every step of the way. In addition to traditional banking services like personal loans and mortgages, we embrace technological advancements that enhance member experience. Our digital offerings include online banking and mobile payments, ensuring convenience and accessibility for all. We are also committed to ADA compliance so that everyone can benefit from our services without barriers.

Branch Location & Accessibility

Operating Hours

We know that life can get busy, so we offer flexible operating hours tailored to fit your schedule. Our lobby is open Monday through Friday from 9:00 AM to 6:00 PM, and on Saturdays from 8:00 AM to 1:00 PM. If you're in a rush, take advantage of our drive-thru service available during these same hours. You can reach us at 312-491-7000 if you have any questions or need assistance!

Services Offered

At Verve, A Credit Union, we're dedicated to providing a variety of services designed to meet your financial needs. From personal banking options like checking and savings accounts to auto loans and mortgage refinancing, we've got you covered. Need cash? Our ATM is always available for quick withdrawals and balance checks. Plus, our drive-thru service makes it easy to complete simple transactions without leaving your vehicle. While members can visit us at our physical location for their banking needs, official correspondence should be sent to the same address: 525 W Roosevelt Road, Chicago, IL 60607. We invite you to stop by and experience the friendly service that sets us apart. Whether you're looking to open an account or simply want more information about our offerings, we are here to help! Come see us today!

Member Eligibility

At Verve, A Credit Union, we believe that becoming a member is like joining a family that genuinely cares about your financial well-being. If you're looking to enjoy personal service and community support, you might be eligible to join us! Generally, membership is open to anyone who lives or works in the areas we serve, which includes a wide range of communities. This means that whether you're just starting out or have been managing finances for years, you'll find a welcoming place here. To get all the specific details about eligibility, feel free to visit our website at https://verveacu.com/join-now/. Once you confirm your eligibility, opening an account with us is quick and easy! You can find more information on how to start the process by checking out this link. If you have any questions or need assistance, don't hesitate to reach out to us at 312-491-7000. We're located at 525 W Roosevelt Rd, Chicago, IL 60607 and are here to help you every step of the way!

Business Banking & Commercial Services

Merchant Services Made Easy

In addition to loans, we offer robust merchant services that simplify payment processing for your business. Imagine a bustling café where customers can pay effortlessly with their cards or mobile wallets. Our merchant services ensure you can accept payments quickly and securely, allowing you to focus on what you do best running your business. Located conveniently at 525 W Roosevelt Rd Chicago Il 60607, Chicago, IL 60607, we invite you to explore how our business banking solutions can empower your venture. Connect with us today at (312) 491-7000 and take the first step towards achieving your business goals!

Tailored Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $656 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $89 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $288,273,343, we continue to drive economic growth by financing new and expanding businesses.

Comprehensive List Of Services

Business Banking Services

For small business owners, we offer comprehensive business banking services, including merchant services and business loans. Whether you're just starting out or looking to expand your operations, our team is here to help you navigate your options.

Credit Cards & Rewards

Don't forget about our credit cards with rewards, which allow you to earn points on everyday purchases. Imagine using those points for travel or cashback it's a great way to get more from your spending!

Digital Banking & Accessibility

In today's fast-paced world, convenience is key. That's why we offer robust online and mobile banking solutions that allow you to manage your accounts anytime, anywhere. From checking balances to making transfers and paying bills, our digital tools simplify banking tasks. Plus, with access to ATMs for cash withdrawals and balance checks around the city, getting cash has never been easier.

Drive-Thru & ATM Services

At Verve, we also recognize the importance of quick transactions. Our basic drive-thru banking allows for easy deposits and withdrawals without leaving your car. If you're in a hurry but need quick access to funds, our ATMs provide quick service for withdrawals and balance inquiries.

Get Started Today!

If you're ready to take charge of your financial future with us at Verve, A Credit Union, don't hesitate to reach out! Call us at 312-491-7000 or visit us during lobby hours from Monday through Friday between 9:00 AM and 6:00 PM (and Saturday from 8:00 AM to 1:00 PM). Explore how our comprehensive list of services can help you achieve your financial goals today!

Personal Banking Solutions

When it comes to personal banking, we offer checking and savings accounts that cater to various lifestyles and goals. Our accounts are designed with features that help you manage your money effectively while earning interest on your savings. For those looking to purchase a vehicle or upgrade their ride, our auto loans and vehicle financing options make the process straightforward and accessible. For members contemplating home ownership or refinancing an existing mortgage, our mortgage loans provide competitive rates and personalized assistance throughout the application process. Additionally, if you're facing unexpected expenses or simply want to consolidate debt, our personal loans can help alleviate financial pressure.

Digital & Online Banking

Key Services

Our online banking features include everything from checking balances to making payments. You can easily view your e-statements, so you never have to worry about missing a bill or transaction again it's all available right at your fingertips. If you prefer signing documents digitally, our electronic signature authorization is available for a quick and secure experience. For those busy days when you're out and about, our mobile application makes banking even easier. With mobile payments, you can pay for purchases directly from your phone without needing cash or cards. Plus, the person-to-person transfer feature allows you to send money to friends and family in just a few taps.

Security and Support

We prioritize your security with robust measures in place to protect your information while using our online services. Our user-friendly interface means that whether you're tech-savvy or not, navigating through your account will be a breeze. If you ever need assistance, our friendly team is just a phone call away at (312) 491-7000. We're here to help make your banking experience smooth and enjoyable. Experience the convenience of banking on your terms with Verve, A Credit Union! Visit us online today at https://verveacu.com/ and take full advantage of our digital banking solutions.

Financial Strength

At Verve, A Credit Union, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We strive to maintain a robust financial foundation that ensures your funds are safe while providing you with the services you need to thrive. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. With a net worth of $145,549,542, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 926 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through $373,279,023 in share certificates and $285,986,563 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $5,130,951, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. With $112,385,308 in undivided earnings, we reinvest in innovative banking tools and stronger lending options to serve our members better. Additionally, our lending capacity supports your financial goals with $10,028 in used auto loans and an impressive total of $1,141,943,929 in loans and leases. Our operational efficiency is reflected in our net income of $222,374, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 254 full-time employees and 13 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable team. Net Shares (Funds available for lending and investments): $4,573,531. Total Share and Deposit Accounts: 154,272, showing a strong and growing member base that trusts us with their finances. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Verve A Credit Union is your trusted partner. Visit us at 525 W Roosevelt Rd Chicago IL 60607 or call 312-491-7000 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. We have already issued over $15,365,463 in used vehicle loans and $28,689,716 in new vehicle loans. This means that our members are not only driving away with reliable vehicles but also benefiting from attractive financing options.

Business Loans

For business owners looking to expand their operations or manage cash flow needs, our outstanding commercial loans total $288,273,343, providing the capital necessary for growth and success.

Mortgage Loans

Thinking about homeownership? Our mortgage options include Junior Lien 1-4 Family Residential Properties loans totaling $82,486,745, making buying or refinancing simple and straightforward. We offer competitive rates and terms designed to fit your budget.

Refinancing Options

If you're considering refinancing any existing loans or seeking eligibility options for our products, we encourage you to explore the various programs we offer. Our team is ready to assist you in understanding your options and finding the best solution for your situation. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov based on the latest results. Visit us today or call 312-491-7000 to learn more about how we can help you secure the financing you need!

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans. With a total of $20,004,307 in loans available, our credit cards help members manage their finances effectively while enjoying rewards and benefits tailored to their lifestyle.

Loan Aggregator

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Ensuring 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 ensures fair and transparent offers, giving users confidence in their loan choices.

Verve A Credit Union