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

Introduction

Welcome to Verve, A Credit Union located at 323 N Carpenter St, Chicago, IL 60607! Since our establishment in 1938, we have been dedicated to serving our members with a commitment to community and financial empowerment. With over 61,952 members and total assets exceeding $1.56 billion, we pride ourselves on offering personalized banking solutions tailored to meet the diverse needs of our community. At Verve, we understand that financial decisions can be daunting. That's why our team of 267 employees, led by CEO Kevin Ralofsky and Board President Victoria Beltran, is here to provide guidance and support every step of the way. Whether you're looking for personal banking options like checking and savings accounts, auto loans, or business services such as merchant services and business loans, we have you covered. Our branch offers a variety of services including online and mobile banking, ATM access, and a range of loan products over 32,650 loans currently in service! We are proud to hold a net worth of $145.5 million, ensuring our ability to support our members' financial goals effectively. While you can visit us directly at our branch location, any official correspondence should be sent to the same address: 323 N Carpenter St, Chicago, IL 60607. Feel free to reach out to us at 312-491-7200 for any inquiries or assistance. Join us today at Verve Credit Union, where your financial well-being is our top priority! Visit us online at verveacu.com for more information on how we can assist you. Let's build a brighter financial future together!

Branch History & Mission

Community Commitment

We understand the importance of giving back to the community that supports us. That's why we actively participate in various community events and programs designed to uplift those around us. By offering educational workshops on budgeting and savings strategies, we empower our members to make informed decisions about their finances. As technology advances, so do we. Our digital banking options allow members to manage their accounts conveniently from anywhere. Whether it's through online banking or mobile applications, we ensure that accessing your finances is simple and secure.

Join Us

If you're looking for a credit union that truly cares about its members and the community, look no further than Verve. We invite you to experience the difference that comes from being part of a credit union dedicated to your success. Call us at 312-491-7200 or visit us during our operating hours from Monday to Friday between 9:00 AM - 5:00 PM. Together, let's build a brighter financial future!

Our Evolution

Since opening our doors in 1938, Verve has continuously adapted to meet the needs of our members. We started with a simple mission: to provide affordable financial services and promote economic well-being. Over the decades, we have expanded our offerings significantly while maintaining that core mission. Today, with total assets reaching over $1.5 billion, we are proud to offer a wide range of services including personal banking, auto loans, mortgages, and business banking solutions. Our branch's growth reflects not just numbers but also milestones that resonate with our community values. We prioritize accessibility and convenience for all members. For those on the go, we offer ATM services for easy cash withdrawals and balance checks right here at our branch.

Our Mission

At Verve, our mission goes beyond providing financial products; it's about building relationships and fostering community growth. We believe that everyone deserves access to quality financial services regardless of their background. Our commitment is evident in our outreach programs and partnerships with local organizations aimed at improving financial literacy and supporting local initiatives. While members can visit us at 323 N Carpenter St for all their banking needs, official correspondence should be sent to the same address as our mailing address is unchanged: 323 N Carpenter St, Chicago, IL 60607.

Branch Location & Accessibility

Nearby Landmarks and Accessibility

Situated near popular spots like Union Park and the bustling Randolph Street Market, our location is surrounded by a variety of shops and eateries. This makes it easy to combine errands or grab a bite while you visit us. We take pride in our commitment to accessibility; our facility is designed to be ADA compliant with ramps and other features ensuring everyone can access our services comfortably.

Parking and Operating Hours

Parking options are available nearby, so you can find a spot without hassle. Our lobby hours are friendly and convenient Monday through Friday from 9:00 AM to 5:00 PM allowing you to stop by either before or after work. If you have questions or need assistance, don't hesitate to reach out at 312-491-7200; our team is here to help!

Services Offered

At Verve, A Credit Union, we offer a range of services tailored for your personal and business banking needs. From checking and savings accounts to auto loans and credit cards with rewards, we strive to provide solutions that meet your financial goals. Need cash? We also have ATM access available for quick withdrawals and balance checks. While members can visit us at 323 N Carpenter St, official correspondence should be sent to the same address. Our goal is to make your banking experience as smooth as possible. We invite you to come by and see how we can assist you today! Whether you're looking for advice on loans or simply need help managing your accounts, our friendly staff is ready to welcome you with open arms.

Member Eligibility

Becoming a member of Verve, A Credit Union feels like stepping into a welcoming community where your financial needs are prioritized. To join us, you'll need to meet some simple eligibility criteria. If you live, work, worship, or attend school in the communities we serve, you're likely already qualified! This means that many people in the area can easily become members and enjoy the benefits we offer, like competitive rates on loans and personalized service. We believe that everyone deserves access to quality financial products in a friendly atmosphere. For more details on eligibility, check out our website at https://verveacu.com/join-now/. Getting started is a breeze! Once you confirm your eligibility, visit us at our branch located at 323 N Carpenter St Chicago Il 60607 or give us a call at (312) 491-7200. Our team is here to guide you through the account opening process and answer any questions you may have. You can also find more information about how to open your account by visiting https://verveacu.com/personal/product/loans/signature-unsecured-loan/. Join us today and discover the difference of being part of Verve, A Credit Union!

Business Banking & Commercial Services

Loan Options to Fuel Growth

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.

Practical Merchant Services

In addition to loans, we offer merchant services that help streamline your payment processes. Imagine running a busy café where customers want to pay quickly and easily. Our services allow you to accept various payment methods, enhancing customer satisfaction while boosting your sales. Located conveniently at 323 N Carpenter St Chicago Il 60607, Chicago, IL 60607, we're here Monday through Friday from 9:00 AM to 5:00 PM. Reach out at (312) 491-7200 or visit us online at Verve A Credit Union to learn more about how we can help your business thrive!

Comprehensive List Of Services

Business Banking

If you're a business owner, Verve is here to support you too! Our business banking services include merchant services to help streamline transactions and business loans tailored to your specific needs. We understand that running a business requires reliable financial support, and we're committed to being your partner in growth.

Convenient Access

With ATM and cash withdrawal services available, accessing your funds is easy anytime you need them. Our basic ATM access allows members to withdraw cash or check their balances without hassle. Plus, our digital banking features make managing your finances more convenient than ever. In today's fast-paced world, having control over your finances should be simple. That's why we prioritize ease of access through online banking, mobile payments, and person-to-person transfers all designed with your convenience in mind. We invite you to explore all that Verve, A Credit Union has to offer! For more information about our services or to speak with one of our representatives, give us a call at 312-491-7200 or visit us online at verveacu.com. Let us help you achieve your financial goals today!

Loans and Financing

When it comes to financing, we offer competitive auto loans and vehicle financing options. If you're planning to buy a new car or refinance an existing loan, our team can guide you through the process and help you find the best rates. Additionally, we provide mortgage loans and refinancing solutions for those looking to purchase a home or lower their monthly payments. For those needing extra cash for personal projects or unexpected expenses, our personal loans and debt consolidation options can provide financial relief. We also offer credit cards with rewards programs that let you earn points for your purchases perfect for everyday spending.

Personal Banking

Our personal banking services include checking and savings accounts designed for everyday needs. Whether you're saving for a special occasion or managing your day-to-day expenses, we have accounts that fit your lifestyle. You can easily access your funds with our online and mobile banking options, allowing you to check balances, transfer money, and pay bills from the comfort of your home or on the go.

Digital & Online Banking

Key Features

Our services include e-statements, which let you view your account statements online rather than waiting for them in the mail. This not only helps the environment but also gives you instant access to your financial information whenever you need it. We also offer electronic signature authorization, allowing you to sign documents quickly and securely without the hassle of printing or mailing. Need to send money to a friend or family member? Our person-to-person transfer feature makes it easy to send funds instantly using just their email or phone number. And if you prefer mobile payments, we've got you covered there too! Make secure transactions directly from your phone at participating merchants.

Security First

At Verve, A Credit Union, security is our top priority. We utilize advanced encryption technology to protect your personal information while ensuring that all transactions are safe and secure. Our commitment to keeping your data private means you can focus on what truly matters your financial goals. In a fast-paced world, convenience is key, and our digital banking options provide just that. With everything available at your fingertips, managing your finances has never been more accessible or efficient. Discover the ease of banking with us today!

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 understand the importance of ensuring that your finances are in safe hands, and we are proud to showcase our strong financial health. With a net worth of $145,549,542, we maintain robust 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. Our lending capacity is significant as well; with $10,028 in used auto loans and a total of $1,141,943,929 in loans and leases, we support our members' financial goals across various sectors. Our operational efficiency is evident with a 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 and committed team. Net Shares (Funds available for lending and investments) stand at $4,573,531, while we have a strong member base reflected by 154,272 total share accounts. This illustrates the trust placed in us by our community. 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 323 N Carpenter St Chicago Il 60607 or call 312-491-7200 to learn more about how we can help you achieve your financial goals. 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 Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $153,654,639 in used vehicle loans and $28,689,716 in new vehicle loans already helping members get on the road. Whether you're purchasing a brand-new model or a reliable used vehicle, our financing options can be customized to suit your budget.

Business Financing

For business owners seeking capital to grow and expand, our outstanding commercial loans totaling $288,273,343 provide robust support for various business needs. Whether you're starting a new venture or looking to enhance an existing one, we have solutions designed specifically for small businesses. We also recognize that life can change unexpectedly. If you're considering refinancing any existing loans or want to explore eligibility options for our products, please don't hesitate to reach out. Our friendly team is ready to assist you in finding the best solutions for your financial situation. For more information about our loan offerings or to discuss your specific needs, please contact us at 312-491-7200 or visit us at 323 N Carpenter St., Chicago IL 60607. Our dedicated staff is here Monday through Friday from 9:00 AM to 5:00 PM ready 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 $82,486,745, make buying or refinancing simple. We provide guidance through every step of the process so that you feel confident in making one of life's biggest investments.

Unsecured Credit Card Loans

For those looking to manage their finances effectively, we also offer flexible terms on unsecured credit card loans. With a total of $20,004,307 in loans available, our credit cards come with rewards that fit your lifestyle while allowing you to maintain control over your spending.

Loan Aggregator

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Verve A Credit Union