Chicago Patrolmen's Federal Credit Union
1407 W. Washington
Chicago, IL 60607
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2022 Overview
General Credit Union Information
Chicago Patrolmen's is an NCUA insured institution located in Chicago, IL. It was founded in 1938 and has approximately $544.14 millions in assets.
Who can join?
Members of approved employee groups and select associations, listed below, are eligible for membership. Members' spouses, children, grandchildren, parents, brothers, sisters and Domestic Partners meeting criteria, may also join. Retirees and their families from eligible groups also qualify for membership.
Both active and retired sworn personnel, of any rank, and full-time personnel of the following departments:
• Chicago Police Department
• Office of Emergency Management- Chicago
• Chicago Fraternal Order of Police Lodge #7*
• Orland Park Police Department
• Niles Police Department
• Midlothian Police Department
• South Holland Police Department
• Bridgeview Police Department
• Lincolnwood Fraternal Order of Police Lodge #23*
• Crete Police Department
• Berwyn Police Department
• Norridge Police Department
• Blue Island Police Department
• Policemen’s Annuity and Benefit Fund of Chicago
• Calumet City Police Department
• Lakemoor Police Department
• Hinsdale Police Department
• Riverside Police Department
• Stone Park Police Department
• Brookfield Police Department
• North Riverside Police Department
• Evanston Police Department
• Villa Park Police Department
• Triton College Police Department
• Westchester Police Department
• Cicero Police Department
• Broadview Police Department
• McCook Police Department
• Elmwood Park Police Department
• City of Chicago Department of Aviation Security
• Lake in the Hills Police Department
• Coal City Police Department
• Palatine Police Department
• Cook County Sheriff’s Police Fraternal Order of Police Lodge #4*
• Des Plaines Police Department
• Illinois State Police
• John H. Stroger, Jr. Hospital of Cook County Police Department
• City of McHenry Police Department
• Maywood Police Department
• Bedford Park Police Department
• Northeastern Illinois University Police Department
• Oak Brook Police Department
• Olympia Fields Police Department
• Darien Police Department
• North Chicago Police Department
• Cook County Sheriff's Department
• Illinois AMVETS Police Post #18*
• Chicago Patrolmen’s Federal Credit Union
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 2876 |
| Date Established | 1938 |
| Assets | $544.14 million |
| Loans | $320.47 million |
| Deposits | $493.98 million |
| Capital | $44.93 million |
Field of Membership Restrictions
Deposit Rates - June 26, 2022
Your Current Location: Connecticut, CT 06828
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.03% | $2,500 | $4,999 |
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|
|
Money Market
|
0.25% | $2,500 | $2,999 |
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|
|
Money Market
|
0.25% | $10,000 | $14,999 |
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|
|
Money Market
|
0.35% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.50% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.50% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.75% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.75% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.90% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.90% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
1.01% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
1.01% | $100,000 | $199,999 |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.25% | $2,500 | $3,499 | Learn More |
Loan Rates - June 26, 2022
Your Current Location: Connecticut, CT 06828
There are currently no loan rates available for CHICAGO PATROLMEN'S
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 2022
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 330511 |
5.575% | 5.500% | 0.88 | $2,078 | $1,420 | Learn More |
NMLS ID: 3030 |
6.129% | 5.990% | 1.00 | $3,750 | $1,498 | Learn More |
NMLS ID: 503941 |
5.853% | 5.750% | 0.63 | $2,880 | $1,459 | Learn More |
NMLS ID: 3030 |
6.106% | 5.990% | 0.75 | $3,125 | $1,498 | Learn More |
Note to CHICAGO PATROLMEN'S
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
Below are Chicago Patrolmen's 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
Climate Initiatives
CHICAGO PATROLMEN'S is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
Financial Details
Chicago Patrolmen's Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Chicago Patrolmen's. 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
| Chicago Patrolmen's | U.S. Average |
|---|---|
| 2.44% | 4.85 |
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 December 31, 2021, Chicago Patrolmen's had $835,602 in non-current loans and $324,654 in owned assets. To cover these potential losses it had $44,926,093 in net worth and $2,689,321 in loans loss reserves. That gives it a Texas Ratio of 2.44%.
Net Worth
| Chicago Patrolmen's | U.S. Average |
|---|---|
| 8.25% | 12.36% |
Chicago Patrolmen's FCU has a net worth of 8.25% versus the BestCashCow average of 12.36. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
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