Credit Union 1

Credit Union 1 is a not-for-profit and member-owned financial organization providing banking and investment services from 22 locations in the Chicago metropolitan area.

Historic Background:
Formed in 1958 on the grounds of Chanute Air Force Base to serve members of the military and their families, Credit Union 1 has a long history of providing banking options to the communities surrounding its home in Rantoul, Illinois.

As the base faced closure in the early 1980s, membership privileges were expanded to include other individuals in the area so the organization could continue operating for those servicemen that had kept it in business for so long. Then, in 1999, a merger with nearby Paysaver Credit Union brought other branches under the umbrella and set in motion growth that continues across Illinois and neighboring Indiana to this day.


Products and Services:

The following products and services are being offered by the credit union:

• Free and Interest-bearing Checking Options
• Savings and Money Market Accounts
• Online Bill Pay
• Car and Personal Lending
• Mortgages and Insurance Services
• Business Loans
• Individual Retirement Accounts
• Health Savings Accounts

Organizational Structure:
Credit Union 1 is completely owned by its accountholders, just like other institutions that are a part of the National Credit Union Association (NCUA). Operations from day-to-day are overseen by a President/CEO that reports to a board of directors elected every year from the ranks of the organization’s 87,000 member-owners.
Contact Details:
If you would like to know more about Credit Union 1, inquire by phone or mail at:
Credit Union 1
200 E. Champaign Avenue
Rantoul, IL 61866
Toll Free: (800) 252-6950
Local: (217) 893-9112