Baxter Credit Union
Baxter Credit Union is a large, state-chartered credit union headquartered in Vernon Hills, IL. The credit union operates 11 branches in 4 states (Arkansas, California, and Illinois). It has $1.4 billion in assets and roughly 142,500 members.
Products offered include: Baxter CD, Rewards CD, Baxter IRA CD, Regular Money Market, IRA Money Market, Regular Savings, Preferred Interest Checking, POWERCHECKING and Business Checking.
Current Baxter Credit Union Rates
| Name | Term | APY | Min Deposit | |
| Baxter CD | 3 months | 0.15 % | $500 | |
| 6 months | 0.20 % | $500 | ||
| 1 year | 0.35 % | $500 | ||
| 2 years | 0.60 % | $500 | ||
| 3 years | 0.85 % | $500 | ||
| 4 years | 1.00 % | $500 | ||
| 5 years | 1.40 % | $500 | ||
| Rewards CD | 3 months | 0.25 % | $500 | |
| 6 months | 0.30 % | $500 | ||
| 1 year | 0.45 % | $500 | ||
| 2 years | 0.85 % | $500 | ||
| 3 years | 1.10 % | $500 | ||
| 4 years | 1.25 % | $500 | ||
| 5 years | 1.65 % | $500 | ||
| Baxter IRA CD | 1 year | 0.45 % | $500 | |
| 2 years | 0.85 % | $500 | ||
| 3 years | 1.10 % | $500 | ||
| 4 years | 1.25 % | $500 | ||
| 5 years | 1.65 % | $500 |
Baxter Credit Union Membership Eligibility
To be eligible to join BCU an individual must submit a membership application, in which he or she agrees to conform to BCU's bylaws and amendments and subscribe for at least one share ($5.00). A person seeking BCU membership must also meet at least one of the following criteria
- Company: Employed by one of the many listed companies offering BCU as a valuable employee benefit. Individuals may include permanent, temporary or contract employees.
- Community Charter: Lives or works in one of six community charter counties: Lake County, Illinois, McHenry County, Illinois, DuPage County, Illinois, Kane County, Illinois and Cook County, north of Rt. 58 in Illinois, Kenosha County in Wisconsin, also the Village of Schaumburg, Illinois.
- Family Members: Membership eligibility includes ALL family members related by blood or marriage or foster and adopted children. Family members eligible for BCU membership include: parents, children, brother, sister, husband, wife, cousins, grandchildren, grandparents, aunts, uncles, nieces, and nephews.
About Baxter Credit Union
In 1981, a group of executives in the healthcare industry elected to establish a credit union for the convenience and financial well being of the industry’s employees. Under the leadership of Rex Johnson, BCU’s first CEO, the fledgling credit union grew rapidly. In those early days, auto loans, checking and savings accounts were the extent of services available.
BCU, with its healthy growth and reputation of being a pioneer in the credit union industry, expanded offerings to include VISA credit cards and Home Equity Loans (1985), BART audio response teller (1987), mortgages (1991), VISA Check Cards (1996), and Online Banking (1999).
Since 1994, with CEO Mike Valentine’s management and direction, membership expansion has flourished. The partnerships with Select Employee Groups, the merging of other credit unions, and the addition of a northern Illinois community charter have all contributed to BCU’s success.
Today, with over a billion dollars in total assets, BCU is one of the nation’s top 100 credit unions and the fourth largest in Illinois. BCU serves over 140,000 members and has service centers across the country and in Puerto Rico.