To improve the financial well-being of our members
Illinois Community Credit Union began in 1935 as Sycamore Community Credit Union, when community leaders came together to form a financial institution that was owned by, and operated for the benefit of, the people of Sycamore and the surrounding area. Started in the midst of the Great Depression, Sycamore Community Credit Union provided a place where local residents could borrow at reasonable rates and have a safe haven for their life savings.
In 1996, as Sycamore Community Credit Union grew to serve other communities in DeKalb County and the surrounding areas, we changed our name to Illinois Community Credit Union. Though our name changed, our original values and commitment to serving our community remained the same.
Today, Illinois Community Credit Union continues to look to the future and expand our reach in the communities we serve, bringing new products, lower fees, great rates, and the multitude of other benefits that come with being a credit union member.
The Credit Union Difference
Credit Unions offer a different way to bank. We are not-for-profit financial cooperatives that are solely owned by their membership. Unlike banks, we do not have stockholders so decisions are made for the good of the membership, and not to drive stock value. Members have a direct impact on how the credit union moves forward by individually voting and electing a voluntary Board of Directors who have members best interest at heart.
At a traditional bank, you’re a customer. At a credit union, you’re a member.You belong. Unlike a traditional bank, the profits made by the credit union are given back to the member in the form of lower fees, higher dividends, and lower loan rates. True to their credo of “People Helping People”, credit unions are active in the community, offer financial education, and pathways to financial stability and success. At a credit union, your money is secure. Every individual is federally insured up to $250,000 by the National Credit Unions Administration or NCUA.
Benefits of membership:
- Low or no fees
- High dividend yields
- Access to no-fee ATMs and ATM reimbursement
- Low interest rates
- NCUA backed safety and security