2020 Overview
General Credit Union Information
Baxter is an NCUA insured institution located in Vernon Hills, IL. It was founded in 1980 and has approximately $3746.93 millions in assets.
Who can join
A person seeking BCU membership must also meet at least one of the following criteria:
1. Company: Employed by one of the many listed companies offering BCU as a valuable employee benefit. Individuals may include permanent, temporary or contract employees.
(List can be accessed through application process)
2. Community Charter: Lives or works in one of six community charter
counties: Lake County, Illinois, McHenry County, Illinois, DuPage County,
Illinois, Kane County, Illinois and Cook County, north of Rt. 58 in Illinois,
Kenosha County in Wisconsin, also the Village of Schaumburg, Illinois.
3. Family Members: Membership eligibility includes ALL family members
related by blood or marriage or foster and adopted children. Family members eligible for BCU membership include: parents, children, brother, sister, husband, wife, cousins, grandchildren, grandparents, aunts, uncles, nieces, and nephews.
| NCUA Insured | Yes |
| Charter Number # | # 68187 |
| Date Established | 1980 |
| Assets | $3,746.93 million |
| Loans | $3,333.63 million |
| Deposits | $3,012.33 million |
| Capital | $356.68 million |
Field of Membership Restrictions
Deposit Rates - April 6, 2020
Your Current Location: Connecticut, CT 06828
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.05% | $5 | - | Learn More |
|
Money Market
|
0.10% | $1 | $24,999 | Learn More |
|
Money Market
|
0.20% | $25,000 | $99,999 | Learn More |
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 3 Mo CD
|
0.30% | $500 | - | Learn More |
| 6 Mo CD
|
0.70% | $500 | - | Learn More |
| 12 Mo CD
|
1.10% | $500 | - | Learn More |
| Compare with 1.75% APY 12 MONTH from Gateway First Bank | Advertiser Disclosure | ||||
| Compare with 1.75% APY 12 MONTH from Gateway First Bank | Advertiser Disclosure | ||||
| Compare with 1.85% APY 12 MONTH from Gateway First Bank | Advertiser Disclosure | ||||
| Compare with 1.85% APY 12 MONTH from Gateway First Bank | Advertiser Disclosure | ||||
| Special: 13 Mo CD
|
1.30% | $500 | - | Learn More |
| 24 Mo CD
|
1.20% | $500 | - | Learn More |
| 36 Mo CD
|
1.35% | $500 | - | Learn More |
| 48 Mo CD
|
1.50% | $500 | - | Learn More |
| 60 Mo CD
|
1.65% | $500 | - | Learn More |
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Var IRA
|
0.05% | $1 | $999 | Learn More |
| Fixed IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Fixed IRA
|
1.10% | $500 | - | Learn More |
| Checking Rates | APY | MIN | FEE | |
|---|---|---|---|---|
| PowerPlus Checking | 3.00% | $0 | $0.00 | Learn More |
Loan Rates - April 6, 2020
Your Current Location: Connecticut, CT 06828
There are currently no loan rates available for BAXTER
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Connecticut 30 Year Fixed Mortgage Rates 2020
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 3030 |
4.668% | 4.625% | 0.00 | $1,250 | $1,286 | Learn More |
NMLS ID: 3030 |
4.542% | 4.500% | 0.00 | $1,250 | $1,267 | Learn More |
Featured - Connecticut Home Equity Line Of Credit Rates 2020
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
People's United Bank, N.A. |
3.500 %
|
$0 |
Learn More
More Info |
Note to BAXTER
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
Below are Baxter branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Fairfield,Connecticut
Baxter Locations
Financial Details
Baxter Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Baxter. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Baxter | U.S. Average |
|---|---|
| 6.27% | 5.92 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of September 30, 2019, Baxter had $23,412,628 in non-current loans and $331,849 in owned assets. To cover these potential losses it had $356,682,212 in net worth and $22,048,856 in loans loss reserves. That gives it a Texas Ratio of 6.27%.
Net Worth
| Baxter | U.S. Average |
|---|---|
| 9.93% | 13.86% |
Baxter FCU has a net worth of 9.93% versus the BestCashCow average of 13.86. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Frequently Asked Questions About Baxter
Branches and Savings
What is Baxter?
A federal credit union, registered with the NCUA under certificate #68187.
Learn more about credit unions here.
Is Baxter FDIC insured?
No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.
Who can join Baxter?
Please see Field of Membership information above for information on who is eligible to join.
How big is Baxter?
Baxter has total capital of $356.68 million. Full information on Baxter's financial position is located above.
Who owns Baxter?
Credit Unions are owned by their members.
Where are Baxter branches located?
See branch locations nearby.
Are Baxter ATMs Open 24/7?
Do Baxter ATMs accept cash deposits?
Can Baxter customers use other ATMs? What is the charge for withdrawing money from another ATM?
Does Baxter have a mobile app?
Does Baxter have mobile deposit?
Does Baxter have quick pay?
How can Baxter transfer money to other banks or credit unions?
Does Baxter report to credit bureaus?
Does Baxter use Chexsystems?
Does Baxter use Equifax?
What is Baxter's toll free phone number?
What is Baxter's ACH Routing Number?
What is Baxter's SWIFT code?
Where can I find Baxter's wire transfer form?
What is the Baxter address for deposits?
What Products Does Baxter Offer
Does Baxter offer home equity lines of credit and home equity loans?
Compare home equity lines of credit rates here.
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