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.
|Address|| 404 W. Main Street |
Urbana, Illinois 61801
|President of the Board||Rev. B.J. Tatum|
|Services Offered|| |
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.
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.
Canaan Credit Union has no employees.
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.
Canaan Credit Union holds a total of $100,000 in loans and leases, which is about $2,193 per member on average.
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%.