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Welcome Encore Federal Credit Union Members!

Switch to Consumers Credit Union (CCU) now and get up to $500

The merger between Encore Federal Credit Union (Encore FCU) and CCU is underway. While we continue work on our system migration, you are now able to take advantage of the robust product and service offerings of our combined organization.

You will receive your special 4% merger dividend on June 30, 2017, which is based on your Encore FCU share savings account balance as of December 31, 2016. If you'd like to transfer your account before this date, you will still receive this special dividend. 

Let's get started - We're inviting you to take full advantage of these expanded services by working one-on-one with our experienced and knowledgeable new account representatives. They are ready to provide you the personal service you deserve and help you learn more about CCU, our products and services. They will also walk you through the transition of your current Encore FCU account to your new CCU account.

Here is how you can earn up to $500 by switching now

  • $25* to switch your account now (opening your CCU savings account)
  • $751 when you open a new Free Rewards Checking account and qualify for either 3.09%, 3.59% or 4.59% APY within the first three months of the account opening
  • $502 when you open a CCU VISA credit card
  • $503 when you purchase or refinance a vehicle loan with rates as low as 1.74%APR for new and used vehicles
  • $3004 when financing a mortgage loan (purchases or refinances)

This offer is exclusively available to current Encore FCU Members via online or phone. Fill out the form below to get started today!

 

Plus enjoy some of these other great benefits

  • Home equity lines of credit starting at 1.99%APR5
  • Multiple VISA credit card options with rich rewards, great rates and no annual fees**
  • Earn up to 4.59%APY6 on balances of up to $20,000 with Free Rewards Checking
  • New and used auto loans starting at 1.74%APR7
  • 24/7/365 access with free online and mobile banking with bill pay
  • Deposit your checks from anywhere with eXpressShot on your mobile device

Here are some frequently asked questions regarding the merger

What will happen with my current account(s) and funds at Encore FCU when my account changes to CCU?

We will work through the transition process with you on an individual basis. However eventually your Encore FCU account(s) will be closed and any funds in those accounts will be transferred to your new CCU share savings account. Once those funds are in your CCU account, you will be able to transfer the funds to any of your new CCU account(s) or to any financial institution. 

When I switch my account(s) to CCU, can I still use the Service Center (Branch) located in Honeywell/UOP?

Eventually you will be able to leverage the Service Center at Honeywell/UOP, located at 25 E Algonquin Rd. Bldg C, Des Plaines, IL. As soon as access to CCU accounts is available at this location, we will notify you via email (if you provide us an address) and update this page. 

How can I access my CCU account(s) after I switch?

You'll have 24/7/365 access to your accounts via online and mobile banking available at myconsumers.org. Alternatively you can contact us in a variety of ways, all the different options can be seen at our contact us page. Finally you can visit one of the 9 CCU Service Centers. Within the coming months, you will also be able to leverage the Honeywell/UOP 25 E Algonquin Rd. office. 

What will happen to my loan account(s)?

If you have any loan(s) with Encore FCU and you wish to switch your account early, you will refinance the loan to CCU. Not to worry, your current rate will be matched and you can even review changes with your representative, such as shortening the term to pay less interest or obtaining additional funds to pay off higher rate debt or finance a new project! The special promotional incentive to refinanced auto loans does not apply to Encore FCU loans.

What will happen to my Encore FCU Visa Credit Card?

For Encore FCU Members who have a Visa Credit Card, you will have two options when you switch or when your account is transitioned over. The first option would be to choose one of CCU's no-annual fee Visa Credit Card options and transfer the balance to an incredible rate of 1.99% APR for 12 months. If you prefer to not obtain one of CCU's Visa Credit Card options, you will receive a signature loan at the same rate as your Encore FCU Visa Credit Card to pay back the balance. Your CCU representative will provide further details for this transition process.

What happens to my accounts if I don't choose to switch them now?

Your account will be converted before December 31, 2017. You will forgo any special offers as outlined above. You will receive future correspondence regarding the timing of this change as well as updated account information e.g. account number(s). 

What's happening to the Branch and Credit Union employees inside Honeywell/UOP?

The location inside Honeywell/UOP (25 E. Algonquin Rd., Des Plaines, IL) will remain open indefinitely. We're very excited to continue to build upon this unique employee benefit that started for employees within Honeywell/UOP facility many years ago. In addition, the team members who you have come to know working within the facility are continuing to be part of the larger CCU team.

Miscellaneous Membership Information

Par value of one share at CCU is $5.00, and you must maintain at least one share to keep your Membership and voting rights. Every $5.00 will be an additional vote during our annual meeting where our all-volunteer Board of Directors is elected. CCU's annual meeting's are held once a year in March, typically near the middle of the month. All Members are welcomed and encouraged to attend, if possible and feasible. 

CCU's Truth-In-Savings Disclosure

CCU's Privacy Statement

CCU's Membership Guide

*Open your Consumers Credit Union (CCU) share savings account on or before October 31, 2017 and receive a $25 credit to your CCU share savings account at account opening.  All CCU accounts must be in good standing to be eligible for any of the above offers. As part of opening your CCU Membership and qualifying for the offer, we will assist in transitioning your Encore Federal Credit Union account(s) to CCU.  No purchase is necessary. Any account credit will be reported on tax form 1099INT. Accounts and loans with Encore Federal Credit Union must be in good standing in order to be eligible for any special incentives outlined below.

** Visa Credit Card Disclosure

1 Receive $75 credit to your CCU share savings account when you meet one of the Free Rewards Checking requirement levels within the first three full calendar months of opening the checking account. For full account and qualification details, click here.  Any account credit will be reported on tax form 1099INT.

2 Receive $50 credit to your share savings account when you open and activate a new CCU VISA credit card within the first 30 days of opening your CCU share savings account. Please review our VISA credit card disclosure here. $50 will be credited to your CCU share savings account within 90 days.

3 $50.00 will be credited to your CCU share savings account within 90 days of your auto loan closing. Applicable auto loan refinance or new auto loan with Consumers Credit Union must remain active and in good standing for 90 days in order to qualify for $50.00 bonus. Loan must be opened within first 30 days of opening your CCU share savings account.

4 Available for first mortgage residential loans, one offer per household, for both home purchases and/or home refinances. All loans are subject to Loan Review Committee Guidelines. $300 will be credited to your CCU share savings account within 60 days following the closing of the first mortgage loan. Offer available for real estate in Illinois and Wisconsin only. Application must be received online or with a CCU mortgage loan officer by 9/30/2017 and the loan must close on or before 12/31/2017. Offer applies to current Encore Federal Credit Union Members only. Please contact a CCU representative for more details.  

5 Annual Percentage Rate. Introductory rate and the prevailing rate are based on credit worthiness and combined loan-to-value (CLTV).   The promotional intro rate can range between 1.99% and 7.49% and is good for the first 12 months from the time the line of credit us made available to the borrower. After the introductory period the APR will vary monthly based on the prime rate (as published in the Wall Street journal) plus a margin, or 4.0%APR, whichever is higher, with a maximum APR not to exceed 21%.  The intro rate offer does not apply to first mortgage loans and is not available to applicants refinancing a current CCU home equity loan.  Rates and promotional terms subject to change and may be discontinued without notice.

6 Annual Percentage Yield. Click here for full terms on CCU's Free Rewards Checking account. 

7 Annual Percentage Rate. The 1.74%APR rate assumes a purchase or refinance of a 2011 model year used or new car, truck or van on a term of up to 48 months. Not all applicants may qualify for the fixed base rate. Your rate is determined by your credit history. Rates listed above include applicable discounts of 0.75%APR. Applicants applying online may reduce the lowest qualifying rate by an additional 0.25%APR - for details please ask a CCU Rep. VISA, variable, overdraft protection, real estate, share secured and existing CCU loans are excluded from any rate deductions.