Consumers Credit Union, headquartered near Waukegan, Illinois, is a member-owned financial cooperative that operates as a not-for-profit organization dedicated to serving the financial needs of its members. Established to provide accessible financial services, the credit union emphasizes cooperative principles, democratic member control, and a focus on member welfare rather than external profitability. Its organizational structure supports governance by a volunteer board and selected committees that oversee strategic direction and policy decisions.
The institution offers a range of core functions typical of credit unions, including deposit-taking, loan origination, and basic payment services. Its historical development reflects the broader evolution of credit unions in the United States, characterized by a mission to promote affordable financial products and savings opportunities for individuals who share a common bond or community affiliation. Operationally, the organization provides member-centric financial services within its service area, administering accounts and facilitating transactions to support everyday financial needs.
Better than 30% of providers in Waukegan
In addition to the primary service, Consumers Credit Union also offers:
Other providers in Waukegan with similar ratings:
Consumers Credit Union is a verified financial service provider. This means we have confirmed their business information, contact details, and they have received customer reviews. You can trust this provider for your financial needs.
Find answers to common questions
Consumers Credit Union is listed as a financial service provider in Waukegan, IL and must follow both state and federal regulations that apply to this type of business. As with any financial provider, you should review the agreement carefully before signing, make sure you understand all fees and repayment terms, and only use official contact details from this page or the company's own website. Avoid sharing personal or payment information with anyone who contacts you unexpectedly and, if something seems unclear, ask Consumers Credit Union to explain the terms in writing before you proceed.
To improve your chances of getting better terms from Consumers Credit Union, be prepared with accurate information about your income, existing debts, and the amount you really need to borrow. If possible, check your credit history in advance, avoid late payments on other accounts, and consider offering collateral if the product allows it, as stronger overall finances can help you qualify for more favorable rates or fees. It's also a good idea to compare Consumers Credit Union with other providers in Waukegan and to ask directly about any current promotions, loyalty benefits, or ways to reduce the total cost of your loan.
Consumers Credit Union has a rating of 3.0, which is better than 30% of providers in Waukegan.
Requirements can vary by product, but for most visits you should be ready to bring a valid government-issued ID, proof of income (such as recent pay stubs or bank statements), and proof of address like a utility bill or lease. If you are applying for a title or secured loan, you may also need the vehicle title, registration, and insurance details, along with any other documents Consumers Credit Union requests. It is always best to call ahead using the phone number on this page so Consumers Credit Union can confirm exactly which documents you need for your specific situation.
In addition to its primary service, Consumers Credit Union also offers: Credit union, ATM.