Loyola Credit Union
A credit union is a unique financial institution that is subject to the same regulations as a bank. Formed by a group of people with a common link, like their profession or place of work, a credit union is run by its members. The initial capital to start the credit union comes from the founding members who pool their own money as savings and make low-cost loans to each other.
Loyola’s credit union started in just this way. The sole purpose of the credit union is to meet the needs of its members.
Your credit union account is insured for up to $250,000.00 through the National Credit Union Administration Insurance Fund, an agency of the Federal government.
Joining: Membership is open to all employees, students of Loyola University Chicago, Loyola University Medical Center and their immediate family. A share account may be opened with a minimum balance of $25. You may authorize payroll deduction for direct deposit into your Credit Union account(s). Membership forms are located on our website www.luefcu.org or at LSC or WTC campuses in the Human Resource offices or by contacting the Credit Union at 708.216.4957. Also, the Loyola Credit Union can be found online at www.luefcu.org.