Business Details
Your Trusted Chicago Credit Union for All Financial Needs
Mwrd Employees Credit Union is committed to being our members' primary financial institution of choice by providing competitive financial services in a secure environment. We focus on meeting our members' changing needs while maintaining our financial stability. Our not-for-profit structure ensures our rates remain among the best available, with all accounts insured to $250,000 by the NCUA. With over 50 years of service, we offer personalized financial solutions including savings accounts, loans, and credit cards tailored to help members achieve their financial goals.Our team of experienced professionals provides expert guidance on managing money effectively through partnerships like GreenPath Financial Wellness. We maintain two convenient locations in Chicago and Stickney, Illinois, with 24/7 online and mobile banking access for maximum flexibility. Our credit review committee ensures responsible lending practices while promoting financial education and counseling resources for members.
Services
Savings Accounts
Auto Loans
Home Equity Lines
Personal Loans
Visa Credit Cards
Online Banking
Mobile Banking
Financial Counseling
Direct Deposit
Bill Pay
Highlights and features
- We offer competitive rates on savings and loans backed by NCUA insurance
- Our not-for-profit structure returns value directly to members
- 24/7 online and mobile banking access with security features
- Personalized financial counseling through GreenPath partnership
- Experienced credit review committee ensures responsible lending practices
Associations and certifications
- NCUA
Services
Auto Loans
We provide competitive financing for new and used vehicles with rates starting at 4.79% APR for terms up to 72 months. Our green vehicle discount offers 0.25% APR off for fuel-efficient models. Loan amounts up to 100% financing available with quick application review and pre-approval options. Our auto loans help members maintain reliable transportation while building credit history.
Home Equity Lines
Our Home Equity Line of Credit offers flexible financing using your home's equity for home improvements, education, or debt consolidation. Features include competitive rates starting at Prime - 0.50%, convenient check advances, and tax-deductible interest potential. Our lending specialists provide personalized guidance to help you maximize your home equity responsibly.
Savings Accounts
We offer multiple savings options including regular share accounts, money market accounts with tiered rates up to 1.01% APY, and term certificates with rates up to 2.785% APY. Our MyChoice savings account requires no minimum balance while our holiday club helps budget for seasonal expenses through payroll deductions.
Personal Loans
Our personal loan options include unsecured signature loans at rates from 7.49% APR, share-secured loans tied to savings accounts, and MyChoice loans for short-term financing needs. We offer fixed rates and flexible terms up to 60 months with quick approval processes for emergency expenses or major purchases.
Visa Platinum
Our Visa Platinum credit card features a 2.90% introductory APR for 12 months, then 9.90-19.90% APR. Includes no annual fee, balance transfer options, and travel benefits like rental car insurance and travel accident coverage. Online account management helps track spending and set payment alerts.
Questions
How do I apply for a loan?
Apply online through Virtual Branch or visit our Chicago or Stickney offices. Our lending specialists will guide you through the process with quick application review and pre-approval options.
What savings account options are available?
We offer Regular Share Savings, MyChoice Savings, Term Share Certificates, Holiday Club, and Money Market Accounts with competitive rates and flexible terms.
Is my money insured?
Yes, all accounts are insured up to $250,000 by the National Credit Union Administration (NCUA), a U.S. government agency.
Do you offer online banking services?
Yes, our Virtual Branch provides 24/7 online access for account management, bill pay, e-statements, and account-to-account transfers with multi-layer security protection.
