Business Details
50+ Years
experience
Your Trusted Financial Partner in Chicago Since 1963
Israel Methcomm Federal Credit Union is a member-owned, not-for-profit financial cooperative serving communities since 1963. Our mission focuses on economically empowering underserved populations through accessible financial solutions and education rooted in sound business practices. We specialize in providing personalized loan programs including auto loans, home improvement loans, and short-term financial assistance while emphasizing community development and financial literacy.Our board-certified financial counselors offer guidance through programs like the National Endowment for Financial Education, helping members transition from financial hardship to stability. As a federally insured institution, we ensure member deposits are protected up to $250,000 through the National Credit Union Share Insurance Fund while maintaining a commitment to ethical service aligned with our Christian values.
Services
Savings Accounts
Auto Loans
Home Improvement Loans
Personal Loans
Short Term Loans
Details
- Year established: 1963
Highlights and features
- Member-owned cooperative structure prioritizing community needs
- Certified financial counselors providing personalized guidance
- Specialized programs for underserved populations since 1963
- Competitive rates with no prepayment penalties
- Federally insured deposits up to $250,000
Associations and certifications
- National Credit Union Share Insurance Fund
Services
Auto Loans
We offer competitive auto loan programs with flexible terms and no prepayment penalties. Our low-rate financing options support both new and used vehicle purchases while maintaining affordability. Members benefit from personalized loan matching based on individual financial circumstances and credit history.
Financial Counseling
Certified financial counselors provide personalized guidance through CUNA-certified programs. Our services include budgeting assistance, debt management strategies, and financial literacy education. We implement the National Endowment for Financial Education curriculum to promote long-term financial stability for underserved members.
Home Improvement Loans
Quick-approval home improvement loans help members upgrade their properties with favorable interest rates. These programs support various renovation projects while maintaining accessible qualification standards. Funds can be used for essential repairs or value-enhancing modifications to residential properties.
Savings Accounts
Our federally insured savings accounts provide secure wealth-building opportunities starting with a $5 minimum deposit. Members gain ownership shares through regular savings or club accounts while benefiting from competitive interest rates. These accounts serve as the foundation for all credit union membership benefits.
Short Term Loans
Flexible short-term loan programs address immediate financial needs with reasonable repayment terms. These small-amount loans help members manage unexpected expenses while avoiding predatory lending practices. The program supports financial stability through responsible borrowing frameworks.
Questions
How do I become a member?
Membership is open to Israel Methcomm parishioners, church employees, and family members. Contact us at (708) 844-7023 to start your application process.
What loan types do you offer?
We provide auto loans, home improvement loans, personal loans, short-term loans, and share-secured financing options with competitive interest rates.
Are deposits insured?
Yes, all member accounts receive federal insurance coverage up to $250,000 through the National Credit Union Share Insurance Fund.
Do you offer financial education?
Certified counselors provide budgeting guidance and financial literacy training using the National Endowment for Financial Education curriculum.
What are your office hours?
Services are available by appointment Monday through Saturday. Special arrangements can be made for accessibility requirements.
