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

Introduction

Welcome to Verve, A Credit Union, where your financial well-being is our top priority! Located at 2335 S Wentworth Ave, Chicago, IL 60616, we have been serving our community since 1938. With a commitment to providing personalized service and member-focused solutions, we are proud to support over 61,000 members with a wide range of financial products designed to meet your needs. At Verve, we understand that every member has unique goals and challenges. Our total assets of over $1.56 billion reflect our strong foundation and ability to offer competitive rates on loans and deposits. As part of our dedication to fostering financial health, we've issued over 32,650 loans and leases, ensuring that whether you're looking for a new vehicle or seeking to consolidate debt, we have the right options for you. Our leadership team, including CEO Kevin Ralofsky and Board President Victoria Beltran, is passionate about building a thriving community through responsible banking practices. We take pride in our transparency and reliability; our net worth stands at an impressive $145.5 million, giving you the confidence that your finances are in good hands. While members can visit us at our branch for all their banking needs, official correspondence should be directed to the same address: 2335 S Wentworth Ave, Chicago, IL 60616-2013. With a friendly staff ready to assist you Monday through Saturday our doors are open during convenient hours we invite you to drop by or give us a call at 312-567-9191. Join us today at Verve and discover how we can help you achieve your financial dreams. Visit us online at verveacu.com for more information about our services or to become a member!

Branch History & Mission

Community Commitment

Verve is more than just a financial institution; we are a part of the Chicago community. Our outreach efforts include partnerships with local organizations and initiatives that support education and economic development. We actively encourage members to participate in these programs because we believe that together we can create lasting change. In addition to supporting local events, we continuously work on improving our services with modern advancements such as online and mobile banking options for easier access to your accounts anytime you need them. With ATM availability at our branch and friendly staff ready to assist you, we ensure your banking experience is seamless. As we look toward the future, we invite you to join us at Verve A Credit Union. Discover how being part of our cooperative not only benefits you financially but also strengthens the community as a whole. Your journey starts here let's grow together! For more information or to become a member today, please call us at 312-567-9191 or visit our website.

Our Mission

At the heart of Verve's mission is a focus on empowering our members through responsible financial practices and community engagement. We believe that everyone deserves access to quality financial services that can help them achieve their goals. Whether it's buying a home or managing day-to-day expenses, we strive to make every member's experience positive and impactful. Our operating hours are designed with your convenience in mind: Monday through Friday from 8:30 AM to 5:00 PM and Saturday from 8:30 AM to 12:30 PM. While you can visit us at our branch for all your banking needs, official correspondence should be sent to our mailing address at 2335 S Wentworth Ave, Chicago, IL 60616-2013.

Branch Location & Accessibility

Come Visit Us!

Whether you're an existing member or considering joining our community, we invite you to stop by the Chinatown branch today. Have questions? Feel free to give us a call at 312-567-9191! We're excited to help you achieve your financial goals at Verve A Credit Union!

Convenient Access

At Verve, we understand how important accessibility is. Our branch features ADA-compliant facilities, ensuring that all members can navigate comfortably. Parking is readily available, allowing you to stop by without the hassle of finding a space. While you're here, feel free to take advantage of our ATM services, which are available on-site for your convenience.

Friendly Hours

We know that life can get busy, which is why we offer flexible operating hours. Visit us Monday through Thursday from 8:30 AM to 4:30 PM, Friday from 8:30 AM to 5:00 PM, and Saturday from 8:30 AM to 12:30 PM. Our team is here and ready to assist you with all your banking needs during these hours.

Services Tailored for You

Our Chinatown branch offers a variety of services designed with your financial well-being in mind. Whether you're looking for checking and savings accounts, auto loans, mortgages, or credit cards with rewards, we've got you covered. Our staff is dedicated to providing personalized assistance tailored to your unique situation. While members can visit us at our physical location at 2335 S Wentworth Ave, official correspondence should be sent to the same address for consistency and ease.

Member Eligibility

At Verve, A Credit Union, we believe that becoming a member is like joining a warm and welcoming family that supports you on your financial journey. If you're wondering how to join us, it's quite simple! Our membership is open to anyone who lives, works, worships, or goes to school in the communities we serve. Whether you're looking for a place to save, borrow, or invest, being part of Verve gives you access to a range of benefits designed just for you. For more specific eligibility criteria, feel free to check out our detailed guidelines at this link. To take the next step and open an account with us, just visit our website for easy instructions. We're here to help answer any questions you may have, so don't hesitate to give us a call at (312) 567-9191. You can find us at 2335 S Wentworth Ave, Chicago Il 60616 your new financial home awaits!

Business Banking & Commercial Services

Business Loans That Drive 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.

Merchant Services Tailored for You

Imagine having the tools to streamline your transactions and enhance customer satisfaction. Our merchant services allow you to accept payments easily, manage cash flow efficiently, and ultimately serve your customers better. Picture a busy café where transactions happen smoothly, thanks to our reliable payment processing solutions. Located at 2335 S Wentworth Ave Chicago Il 60616 in Chicago, IL, we're here to help your business thrive. Call us at (312) 567-9191 or visit us today to discover how our tailored solutions can meet your unique needs!

Comprehensive List Of Services

ATM Services

For quick cash needs or balance checks, our ATM services ensure you have access to funds when required. Our branch includes basic ATM access so you can withdraw cash without any hassle.

Business Banking Services

At Verve, we also cater to the entrepreneurial spirit with our business banking services. Whether you're starting a new venture or looking to expand an existing one, our merchant services and business loans are designed to support local businesses in thriving. Your success is our success!

Financial Flexibility

For those moments when life throws unexpected expenses your way, our personal loans and debt consolidation services provide the financial flexibility you need. You can take control of your finances and reduce stress by consolidating high-interest debts into one manageable payment. Additionally, we offer credit cards with rewards, allowing you to earn points or cash back on everyday purchases. Picture treating yourself or saving for a family vacation while spending wisely!

Get In Touch

Ready to explore all that Verve has to offer? Whether you're interested in opening an account or learning more about our loan options, we're here for you! Call us at 312-567-9191, visit us at our branch location in Chicago, or check out our website at Verveacu.com for more information. Join us today and experience the difference at Verve, A Credit Union where community meets convenience!

Online and Mobile Banking Convenience

Understanding the need for convenience in today's fast-paced world, we provide robust online and mobile banking options. Access your accounts anytime, anywhere! With features like person-to-person payments, electronic statements, and mobile payments, managing your finances has never been easier.

Personal Banking Solutions

We offer various personal banking options designed to fit your lifestyle. From checking and savings accounts that help you manage your daily expenses to auto loans and vehicle financing for those exciting new purchases, our products are aimed at empowering you financially. Imagine cruising down the streets of Chicago in your dream car our auto loans make that possible! If you're considering a new home or looking to refinance an existing mortgage, our mortgage loans come with competitive rates and personalized service. We know that buying a house is a significant milestone, and we're here to support you every step of the way.

Digital & Online Banking

Convenient Payment Options

For those who prefer mobile payments, we've got you covered! Our mobile payments feature allows you to make purchases with just a tap of your phone. This not only enhances convenience but also keeps your payment information secure. At Verve, A Credit Union, we believe in providing services that fit seamlessly into your lifestyle. Our digital banking options empower you to manage your finances in real-time while giving you peace of mind knowing that your information is safe. Explore all these features and more by visiting us at https://verveacu.com/ today! Experience the future of banking with us where convenience meets security!

Key Features

With our 24/7 online banking services, you can check your balance, transfer funds, and pay bills anytime, anywhere. Plus, our user-friendly mobile application ensures that you have everything you need right at your fingertips. Need to send money to a friend? Our person-to-person transfers make it simple to send and receive funds quickly. We also prioritize your security. With electronic signature authorization, you can sign documents online without any hassle, ensuring that your transactions are both fast and secure. Additionally, choosing e-statements means you'll receive your account statements electronically saving paper while keeping all your important information organized and accessible.

Financial Strength

Efficient Operations

Our net income of $222,374 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 254 full-time employees and 13 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Growing Membership Base

Total Share and Deposit Accounts stand at 154,272, showing a strong and growing member base that trusts us with their finances. With net shares available for lending and investments totaling $4,573,531, we are well-equipped to meet your financial needs. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Verve is your trusted partner. Visit us at 2335 S Wentworth Ave Chicago IL 60616 or call 312-567-9191 to learn more about how we can help you achieve your financial goals.

Member-Centric Savings

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.

Reinvesting in You

With $112,385,308 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 $10,028 in used auto loans and a total of $1,141,943,929 in loans and leases.

Solid Financial Foundations

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.

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, we're ready to assist you in finding the perfect financing solution for your vehicle needs.

Business Financing

For business owners looking for growth opportunities, our outstanding commercial loans totaling $288,273,343 provide the capital needed to expand operations or invest in new projects. We are committed to supporting local businesses and fostering community development.

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. We offer Junior Lien 1-4 Family Residential Properties loans totaling $82,486,745. This means you can secure a loan that fits your budget and lifestyle while enjoying competitive rates.

Refinancing Options

If you're considering refinancing existing loans or exploring eligibility options for any of our products, we're here to guide you through the process. Our experienced team will work with you to find solutions that fit your specific needs. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov based on the latest results. Whether you're interested in purchasing a vehicle or securing funding for your business endeavors or personal needs Verve is committed to providing tailored solutions just for you! Visit us today or check out our website at verveacu.com for more information on how we can assist you!

Unsecured Credit Cards

Managing everyday expenses? We also offer flexible terms on unsecured credit card loans. With a total of $20,004,307 in unsecured credit card loans helping members effectively manage their finances, you can enjoy peace of mind knowing you have a reliable financial tool at your disposal.

Loan Aggregator

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Verve A Credit Union