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Canaan Credit Union Share
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Overview Share
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Canaan Credit Union is a federally insured state credit union based in Urbana, Illinois. It has been opened since 2001, for 21 years.

With around $380,000 in assets, Canaan Credit Union is considered to be a small credit union.

About Share
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Address 404 W. Main Street
Urbana, Illinois 61801
Website http://www.canaancreditunion.org
Phone (217) 367-2158
Fax (217) 367-5130
CEO Sheena Bruett
President of the Board Rev. B.J. Tatum
Services Offered
Score Card Share
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21 years
Years in business
Opened in 2001
Well Capitalized
Net worth classification
Source: NCUA
415 members
Membership type: State chartered natural person credit union
Below average number of members
$379,121
Total assets
Below average
0 branches
Compared with an average of 4 nationally and 2 in Illinois
Average number of branches
0.25%
Savings interest rate
Compared to 0.3% nationally
Branches Share
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0 branches
Compared with an average of 4 nationally and 2 in Illinois
Average number of branches
Canaan Credit Union Branch Locations

Canaan Credit Union
404 W. Main Street
Urbana, Illinois 61801
No ATM
Members Share
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415 members
Membership type: State chartered natural person credit union
Below average number of members

With 415 members, the Canaan Credit Union is considered to be a very small credit union. It is among the smallest credit unions and is smaller than 92% of credit unions.

Fees Share
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$8
Average fee per member
The average fee per member at the Canaan Credit Union is $8, which is very low compared to most credit unions. This rate is lower than 84% of all credit unions.
Fees are lower than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Canaan Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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0 staff members
FTE (full-time equivalent)
0% of employees are part-time
0 full-time, 0 part-time

Canaan Credit Union has no employees.

Assets Share
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$379,121
Total assets
Below average
Net worth Share
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
10.7%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases Share
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$2,193
Average loan and lease size
Loan & lease sizes are very small. They are smaller than at 98% of credit unions.

Canaan Credit Union holds a total of $100,000 in loans and leases, which is about $2,193 per member on average.

Savings interest rate Share
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0.25%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Canaan Credit Union pays 0.25%.

Loan rates Share
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13.81%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
Car loan rates Share
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9.00%
Used car loan rate
Compared to 5.2% nationally

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