Credit Unions: Better for Illinois

Credit unions are the better choice for all Illinois families. They work to help Illinoisans build their dreams, keep their homes, start and expand small businesses, and hold their communities together.



Illinois credit unions are local community-based not for profit financial cooperatives that are owned and run by their members. Local credit unions keep money in our communities instead of shipping profits to Wall Street and they share earnings with their members by providing dividends and lower rates on loans along with higher interest on savings.



They support members in times of need with low-interest loans for medical emergencies, more options to help families pay for college or buy a home and with financial literacy programs to empower consumers to improve their financial lives.



Credit unions are not for profit institutions that are helping Illinois grow and prosper. New taxes on credit unions are not going to solve Illinois’ fiscal problems and will only result in taking money out of the pockets of already overburdened middle-class families.