CMECU Response Regarding Bank Market Conditions


Dear CMECU Members,

We understand that recent events may have caused concern, but we want to reassure you that our credit union operates differently from large banks like Silicon Valley Bank and Signature Bank.

While banks and credit unions offer similar products, the focus of credit unions and our regulators is on safety and soundness. Plus, our credit union with a 96 years stability shows clearly that we are here to protect our members and their money with conservative plans and strategies having priority to the people not the profits.

At Chicago Municipal Employees Credit Union, we are proud of our position in the current market and want you to know that we have NO exposure to the issues facing those banks.

Your deposits with us are insured by the National Credit Union Administration Insurance Fund, which is backed by the full faith and credit of the United States. Over 97% of our deposits are insured, whereas only 10% of Silicon Valley Banks were insured by the FDIC.

We want you to feel secure and informed about your insurance coverage. That's why we offer tools and support to help you understand and manage your NCUA insurance coverage limits.

To calculate your coverage, visit

Our team is also available to assist you with any questions or concerns you may have about your coverage limits.

We are here for you, our members as always.

Please don't hesitate to reach out to us. A member of our management team will be happy to contact you and answer any questions you may have.

Your CMECU is here for you-with savings and lending products, your financial partner-Thank you for your trust and business and we appreciate your membership!


Peter Tzortzakis





Chicago Municipal Employees Credit Union, the oldest active credit union in the state of Illinois, proudly announces its           97th Annual Meeting of Shareholders.

Serving Chicago since 1926.

You are cordially invited a Zoom presentation at 12:00 Noon

Thursday, March 23, 2023

Our Annual Meeting is a special event that differentiates us from banks and other financial institutions. We are in business for our members and this is an opportunity to update you on your Credit Union’s accomplishments from the previous year. For the meeting link, click here.  If you are not already a member, please go to our website and become a member, fill out the application and submit along with your $25 enrollment fee before the Annual Meeting and you will be able to enjoy the products and services of CMECU.  Please feel free to invite other CMECU members to participate if they are interested.  Just let us know their contact information.

We hope you attend our Annual Meeting.

This year, we will have a raffle for prizes.  However, in order to be able to vote or to be eligible for the raffle, you will need to attend the zoom meeting via a browser.

The first 20 members to register will get a $25 gift card!! (Click here to register)

New Geographic Territory

We have expanded our territory! That means if you live or work within the following geographic area you are automatically eligible to join CMECU. The territory expansion took effect on January 1st, 2019.

Learn More

Metra Riders Can Join CMECU

All METRA employees and Chicago Loop Metra riders are automatically eligible for membership in the Chicago Municipal Employees Credit Union (CMECU)!

Join Today!

Lend-A-Paw Loans

The Chicago Municipal Employees Credit Union now offers Lend-A-Paw Loans! Lend-a-Paw Loans give pet-owners an alternative to paying high credit card rates to cover a trip to the vet, training, adoption fees and other pet related expenses.

Rates start at 8.59%

Apply Now


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Chicago's Credit Union Since 1926