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Loyola University Chicago

Human Resources

Loyola University Employee's Federal 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 $100,000.00 through the National Credit Union Administration Insurance Fund, an agency of the Federal government.

Joining: Membership is open to all employees [including student workers] of Loyola University Chicago, Loyola University Medical Center, and Madden Mental Health Center, and their immediate family. A share account may be opened with a minimum balance of $25.00. You may authorize payroll deduction for direct deposit into your Credit Union account(s). Membership forms may be obtained in the campus HR office or by contacting the Credit Union at (708) 216-4500.

LUEFCU Services:

* Direct Payroll Deposit
* Savings Account
* Free Checking
* ATM Card
* CD
* Special Savings Clubs

* Loan options:
- Signature
- New/used car
- Boat
- Motorcycle
- Home Improve
- Computer

* Discount tickets:
- Local movie theaters
- Great America
- Summer Salary Plan
- Visa Credit Card



Office of Human Resources
820 N. Michigan Ave., Chicago, IL 60611
312.915.6175 ยท hr-wtc@luc.edu

Notice of Non-discriminatory Policy