Motorola Employees Credit Union of Schaumburg, IL has 38,585 members and assets of $886 million. The credit union, opened in 1939, has 102 full time employees and 3 part time employees , or 375 members per employee, compared to a national average of 430.

Motorola Employees CU

Motorola Employees Credit Union, Schaumburg


Motorola Employees Credit Union
1205 E Algonquin Rd
Schaumburg, IL 60196

Motorola Employees Credit Union (MECU) of Schaumburg, Illinois has been in operation for more than 75 years, currently from 10 locations. It is considered a state-chartered natural person credit union.

Checking services include no cost share drafts, share certificates with low minimum balance requirements, bill pay services and overdraft protection. Debit cards, ATMs with no surcharges and prepaid debit cards are available.

Financial counseling, financial education and financial literacy workshops are among the capabilities they offer.

Besides car loans and other kinds of loans, MECU can do real estate loans and can grant interest only or payment option first mortgage loans. Convenience services include international remittances, low-cost wire transfers and money orders. Motorola Employees CU members may also benefit from tax refund loans.

Services to businesses and professionals include business share accounts, business loans, mortgage processing and the credit union is an approved mortgage seller. Members having other financial, savings, and investment needs will want to consider health savings accounts, individual development accounts and insurance/investment products that are offered.

You can do business with MECU via home banking over the web, phone account access and mobile banking apps. Automated functions let you apply for membership, enter loan applications, check your balance, order share drafts, setup a new share account, do loan payments, check previous transactions, transfer money, automate your bill payments, download your account history, view electronic statements and do remote deposits.


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