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| Company type | Credit Union |
|---|---|
| Industry | Financial services |
| Founded | 1958 (1958) (Chanute Military Credit Union) 1949 (1949) (Paysaver Credit Union) 1965 (1965) (Cumorah Credit Union) |
| Headquarters | Rantoul,Illinois,United States |
Area served | Illinois;Indiana;Nevada;Georgia |
| Products | Mortgages; Credit Cards; Auto Loans; Personal Loans; RV & Boat Loans; Checking Accounts; Digital Banking; High Yield Checking; High Yield Savings and additional Savings products; investment & insurance; Business Banking; Merchant Services |
| Total assets | $1.035BUSD |
Number of employees | 300 |
| Website | creditunion1.org |
Credit Union 1 is acredit union based inLombard, Illinois. Its service area spans the Chicago metropolitan area, the northern and central regions of Illinois, northwest Indiana, and theLas Vegas metropolitan area.[1] CU1 serves approximately 89,000 members throughout Illinois, Indiana, Georgia and Nevada.
Credit Union 1 was established asChanute Military Credit Union in 1958. The original field of membership was personnel and dependents ofChanute Air Force Base. In 1978 it was announced that Chanute Air Force Base was a candidate for closure. After the decision was made in March 1979 to retain Chanute Air Force Base as a viable military technical training center, plans were developed to insulate the credit union from actions of this type in the future. As a result, the credit union made concentrated efforts in 1979 to further develop another segment of potential members, and a merger took place withFort Sheridan Federal Credit Union. This merger expanded Credit Union 1’s field of membership to theMilitary Reserve andNational Guard Units in Illinois. The next expansion CU1 experienced was changing the field of membership from “occupational” to “associational”. This meant CU1’s field of membership was no longer restricted to military affiliation.
Since then, Credit Union 1 has continued to grow and progress through mergers and acquisitions, as well as growing “Select Employee Groups” (SEGs).
Credit Union1 has also bought naming rights for the former Hollywood Casino Amphitheater, now known as the Credit Union 1 Amphitheater, in Tinley Park, Illinois
