Abstract: Based in 1951, Shoppers Credit score Union (CCU) is an Illinois-based credit score union that provides quite a lot of deposit accounts, loans, enterprise banking services, and extra. CCU ranks amongst our 10 greatest credit score unions of 2025.
Execs:
Cons:
Right here’s a have a look at the services supplied by Shoppers Credit score Union.
The Rewards Checking Account from Shoppers CU comes with tiered charges as much as 5% APY on balances as much as $10,000 once you meet month-to-month exercise necessities. To earn the complete 5% APY, you should:
Obtain eDocuments (enroll and settle for the disclosure)
Make at the least 12 debit card funds every month
Have direct deposits, cell examine deposits, or ACH credit totaling $500 or extra month-to-month
Spend $1000 or extra with any CCU Visa Credit score Card buy every month; no minimal variety of transactions
If you don’t meet any of those necessities, you’ll nonetheless take pleasure in free checking with free on-line banking and invoice pay, however you will not earn ATM refunds and your stability will earn simply 0.01% APY.
This account additionally affords perks akin to early direct deposit, fraud safety, and a community of 30,000 fee-free ATMs.
CCU’s most elementary checking account is a free account with no charges and no minimal stability necessities. This account affords early direct deposit, ATM reimbursement, and limitless examine writing. Accounts will be opened on-line and in individual.
Members between the ages of 13 and 17 can open a Scholar Alternative Checking account and luxuriate in a number of banking perks, together with early direct deposit, a debit card with a $310 every day restrict, ATM reimbursement, no month-to-month upkeep charges, no overdrafts allowed, digital banking, and extra.
Learn extra: The ten greatest banks for faculty college students in 2025
Shoppers Credit score Union’s Membership Financial savings Account requires a minimal stability of simply $5 to keep up membership with the credit score union. It additionally affords aggressive dividend charges, although the credit score union web site doesn’t disclose what they’re.
CCU’s Sensible Saver Account pays a base charge of 0.25% APY, with the flexibility to earn a 3% APY relationship charge with a CCU checking account. Savers should deposit a minimal of $50 (as much as $1,000) to financial savings, deposit at the least $500 to checking, and enroll in eDocuments to earn the best charge.
CCU affords a well being financial savings account (HSA) for savers who need a tax-advantaged technique to save for his or her well being bills. There isn’t any minimal deposit or minimal stability requirement to earn dividends, and there are not any account charges. Balances roll over from 12 months to 12 months and savers can entry their funds utilizing a Visa debit card or checks.
This high-yield account affords tiered rates of interest; dividends are compounded and credited month-to-month.
CCU affords certificates accounts with phrases starting from 91 days to 5 years, and charges as much as 4% APY. The minimal opening deposit is $250.
Learn extra: What’s a share certificates?
CCU affords varied sorts of loans, together with residence buy and refinancing loans, residence fairness loans, first-time residence purchaser loans, auto loans, and private loans.
CCU affords a handful of Visa bank cards, together with a money again card, rewards bank cards, and a pupil card. Members can even profit from a limited-time $200 reward, 0% APR on stability transfers for 12 months, and a 0% APR introductory charge. After that, card APRs vary from 13.95% to twenty-eight.24%.
Shoppers Credit score Union affords an extended record of funding companies, together with rollover companies, entry to conventional IRAs, Roth IRAs, Easy IRAs, and extra. Moreover, CCU affords insurance coverage companies, together with life insurance coverage, long-term care insurance coverage, and incapacity insurance coverage.
Enterprise banking services
Shoppers CU additionally has a enterprise banking arm that provides enterprise accounts, enterprise Visa playing cards, business loans, and Treasury administration companies.
Right here’s a rundown of a number of the charges you could encounter as a Shoppers Credit score Union member:
There are a number of perks and disadvantages of banking with Shoppers Credit score Union that you simply’ll need to be conscious of earlier than becoming a member of:
Execs:
Membership is offered to anybody: In contrast to most credit score unions, Shoppers Credit score Union doesn’t have strict eligibility necessities. Anybody is eligible to affix Shoppers Credit score Union by paying a one-time, non-refundable $5 charge to the Shoppers Cooperative Affiliation after which depositing and sustaining a minimal $5 in your member financial savings account.
Aggressive deposit account charges: Shoppers CU pays above-market charges on its checking, financial savings, and CD accounts.
No month-to-month account charges: Shoppers Credit score Union doesn’t cost month-to-month upkeep charges on deposit accounts.
Cons:
Restricted branches: CCU’s branches are primarily situated in Illinois, making it tough for members nationwide to go to a bodily department.
A number of necessities to earn highest checking and financial savings charges: CCU imposes quite a lot of month-to-month exercise necessities to earn their high charges, which can make these aggressive charges unachievable for a lot of members.
Clients can attain a credit score union consultant 24/7 by calling 877-ASK-CCCU or by way of dwell chat Monday by Friday from 9:00 a.m. to five:00 p.m. CT.
To achieve Shoppers Credit score Union by mail, use the next tackle:
Shoppers Credit score Union
300 N Area Dr.
Lake Forest, IL 60045
The Shoppers Credit score Union cell app is offered for obtain on the App Retailer and Google Play, with a ranking of 4.7 and 4.5 stars, respectively. The app makes it straightforward to pay payments, deposit checks remotely, view account statements, activate and lock playing cards, observe spending, and extra.
Anybody can be a part of Shoppers Credit score Union by becoming a member of the Shoppers Cooperative Affiliation and paying a one-time membership charge of $5.00, which Shoppers Credit score Union might reimburse.
Learn extra: 7 credit score unions anybody can be a part of
Sure. Shoppers is an NCUA-insured establishment, which implies that your deposits are federally insured as much as $250,000 per depositor, per possession class.
Client Credit score Union’s routing quantity is 271989950.
Members should preserve a stability of at the least $5 of their membership financial savings account to maintain membership energetic.
