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

Introduction

Welcome to Verve, A Credit Union, where our commitment to your financial well-being runs deep. Located at 1959 W Grand Ave, Chicago, IL 60622, we have been proudly serving our community since 1938. With a membership base of over 61,952 individuals and total assets exceeding $1.56 billion, we're dedicated to providing personalized financial solutions tailored to your needs. Our team is led by CEO Kevin Ralofsky and Board President Victoria Beltran, who together emphasize transparency and member-focused service. At Verve, we understand that each member's journey is unique, which is why we offer a variety of services, including checking and savings accounts, auto loans, mortgages, personal loans, and credit cards with rewards. While you can visit us in person for all your banking needs, please note that any official correspondence should be directed to our mailing address at 1959 W Grand Ave, Chicago, IL 60622. We take pride in our strong financial foundation boasting total deposits of $103,717,683 and a net worth of $145,549,542. Our commitment extends beyond just numbers; it's about building lasting relationships within the community we serve. Ready to explore what Verve has to offer? Feel free to call us at 312-491-7160 or visit our website at VerveACU.com for more information. Join us on this journey towards achieving your financial goals!

Branch History & Mission

Welcome to Verve, A Credit Union, located in the heart of Chicago at 1959 W Grand Ave. Since our doors opened in 1938, we have been dedicated to providing our members with exceptional financial services and support. Over the years, we've grown significantly, now serving a community of over 61,000 members and managing total assets exceeding $1.5 billion. Our mission at Verve is simple yet powerful: to enhance the lives of our members and their communities by providing accessible financial solutions that empower them to achieve their goals. We believe that everyone deserves a chance for financial success, and we strive to make banking personal and approachable. As a member-focused credit union, our branch has evolved with the changing needs of our community. We've embraced technology by offering online and mobile banking services, making it easier than ever for our members to manage their finances on the go. Our commitment to accessibility extends beyond just digital services; we are proud to be ADA compliant and provide essential features like drive-thru banking and ATM access for added convenience. Verve is more than just a financial institution; we are deeply rooted in community outreach and partnerships. We actively engage with local organizations and initiatives to support various causes, ensuring that we contribute positively to the neighborhoods we serve. While members can visit us at 1959 W Grand Ave, official correspondence should be sent to the same address. Our friendly staff is here from Monday through Friday between 9:00 AM and 5:00 PM, and on Saturdays from 9:00 AM until 1:00 PM, ready to assist with any inquiries or services you may need. Join us at Verve, A Credit Union, where you'll find not only tailored financial products but also a supportive community committed to your success. Discover how we can help you achieve your dreams today! For more information or assistance, give us a call at 312-491-7160 or visit our website at verveacu.com.

Branch Location & Accessibility

Accessibility Features

Our branch prioritizes accessibility with features that ensure everyone can visit us comfortably. We are ADA compliant, with ramps and designated parking spaces available for individuals with disabilities.

Convenient Location

Situated in a bustling area, Verve at West Towne is surrounded by local shops and eateries, making it a convenient stop for your banking needs. If you're coming from downtown Chicago or nearby neighborhoods, our location is easy to reach. We also offer ample parking options for those who prefer to drive.

Get in Touch!

If you have any questions or want more information about our services, don't hesitate to call us at 312-491-7160. We invite you to visit us at our branch or check out our website at Verve A Credit Union for more details. We look forward to serving you!

Operating Hours

We understand that convenience is key when it comes to banking. That's why we are open Monday through Friday from 9:00 AM to 5:00 PM and on Saturday from 9:00 AM to 1:00 PM. Whether you need to handle your day-to-day banking or have questions about loans and services, our team is here during these hours to help.

Services Offered

At Verve, we offer a range of services tailored to fit your financial needs. From checking and savings accounts to auto loans and mortgage refinancing, we're dedicated to providing personalized service. Plus, enjoy the ease of using our ATM facilities available on-site and take advantage of our drive-thru banking for quick transactions without leaving your vehicle.

Member Eligibility

At Verve, A Credit Union, we believe that everyone deserves a chance to be part of a caring and supportive financial community. Becoming a member is simple! If you live, work, or worship in the areas served by our credit union, you're likely eligible to join us. We also welcome family members of existing members, making it easier for you to share the benefits of membership with your loved ones. Being part of Verve means you can enjoy personalized service and competitive rates tailored just for you. For detailed eligibility criteria, feel free to check out our website at https://verveacu.com/join-now/. Ready to take the next step? Opening an account with us is straightforward! You can find more information on how to get started by visiting https://verveacu.com/personal/product/loans/signature-unsecured-loan/. If you have any questions or need assistance, don't hesitate to call us at 312-491-7160. We're here to help you every step of the way at our branch located at 1959 W Grand Ave, Chicago, IL 60622.

Business Banking & Commercial Services

Financing Solutions for 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 That Make Sense

In addition to loans, our merchant services offer practical benefits that make running your business smoother. Imagine having the ability to process payments easily, manage transactions efficiently, and access detailed reports that help you understand your sales trends all designed to save you time and enhance your customer experience. Join us at Verve, A Credit Union located at 1959 W Grand Ave Chicago Il 60622, Chicago, IL, and let's discuss how our business banking and commercial services can support your journey toward success. For inquiries, reach out at (312) 491-7160.

Comprehensive List Of Services

Business Banking

If you're a business owner, we haven't forgotten about you! Our business banking services, including merchant services and business loans, support local businesses in achieving their financial goals. We understand the unique challenges faced by entrepreneurs and offer tailored solutions that can help your business thrive.

Credit Cards & Rewards

Don't forget about rewards! Our credit cards with rewards allow you to earn points on everyday purchases, giving you more value from what you spend.

Easy Access Services

To make banking as easy as possible, we provide access to an ATM and basic drive-thru banking for deposits, withdrawals, and simple transactions. Our members appreciate the ability to quickly manage their cash without stepping inside the branch. Our commitment extends beyond just traditional banking; we strive to offer everything necessary for a complete financial experience right at your fingertips. If you ever have questions or need assistance, don't hesitate to reach out at 312-491-7160. Ready to take control of your finances? Visit us at Verve, A Credit Union today or explore more about our services online at verveacu.com. Your journey towards financial wellness starts here!

Personal Banking

When it comes to managing your money, we offer an array of checking and savings accounts tailored for every lifestyle. Imagine being able to easily access your funds through our convenient online and mobile banking platforms. With features like e-statements and mobile payments, keeping track of your finances has never been easier. For those considering purchasing a vehicle, our auto loans and vehicle financing options provide flexible terms that can fit any budget. You can also explore our mortgage loans and refinancing services if you're dreaming of owning a home or looking to make adjustments on your current mortgage.

Personal Loans

Sometimes life throws unexpected expenses your way. That's where our personal loans and debt consolidation solutions come in handy. Whether you need funds for a family event or want to consolidate existing debt into one manageable payment, we're here for you.

Digital & Online Banking

At Verve, A Credit Union, we understand that your time is valuable. That's why we offer a range of digital and online banking services designed to provide you with convenience and security, all at your fingertips. Whether you're managing your finances from home or on the go, our services ensure you have the tools you need to stay in control. With our 24/7 online banking services available at https://verveacu.com/, accessing your accounts has never been easier. You can check balances, transfer funds, and pay bills anytime, anywhere. Plus, our mobile application makes banking even more accessible, allowing you to manage your finances right from your smartphone. We also offer e-statements, so you can view your account statements electronically whenever you want. This not only saves paper but also helps keep your information secure and organized. For added convenience, our electronic signature authorization feature allows you to sign documents digitally, making transactions quicker without the hassle of printing or mailing paperwork. Need to send money to a friend? Our person-to-person transfers make it simple and fast. Just a few taps on your phone and the money is on its way! And if you're interested in making purchases quickly, take advantage of our mobile payments feature for easy transactions wherever you shop. At Verve, A Credit Union, we prioritize your security while ensuring that our online banking experience is user-friendly. With real-time account management and around-the-clock access, managing your money has never been more straightforward. We are here to support you with the best digital banking solutions tailored for your lifestyle. Join us today and experience the ease of banking with Verve, A Credit Union!

Financial Strength

Commitment to Growth

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 robust; we have $10,028 in used auto loans and a total of $1,141,943,929 in loans and leases available to support your financial goals across various sectors.

Growing Member Base

Total Share Accounts stand at 154,272, showing a strong and growing member base that trusts us with their finances. With net shares (funds available for lending and investments) at $4,573,531, we are well-positioned to meet your needs today and in the future. 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 1959 W Grand Ave Chicago Il 60622 or call 312-491-7160 to learn more about how we can help you achieve your financial goals.

Member-Centric Savings Options

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.

Operational Efficiency

Our net income of $222,374 reflects our operational efficiency. This success enables 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.

Strong Financial Position

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

Additional Financing Options

For those seeking business financing solutions, our outstanding commercial loans totaling $288,273,343 provide the capital needed for growth and expansion. We also have available credit lines amounting to $552,783,517, allowing businesses more flexibility in managing cash flow. If you're interested in refinancing any existing loans or exploring eligibility options for our products, please don't hesitate to reach out. Our team is ready to assist you in navigating your financial journey. For more information on our loan offerings or to start the application process today, feel free to contact us at 312-491-7160 or visit us at 1959 W Grand Ave Chicago IL 60622. 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 toward achieving your financial dreams!

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 provide flexible terms and competitive rates that make it easier for you to drive away with your dream vehicle.

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 offer various products tailored to fit your needs whether you're a first-time buyer or looking to refinance an existing mortgage.

Unsecured Credit Card Loans

Managing day-to-day expenses can be challenging, but we've got you covered with our unsecured credit card loans. With a total of $20,004,307 in loans available, our flexible terms help members manage their finances effectively without worrying about collateral.

Loan Aggregator

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Verve A Credit Union