Rural Communities
Credit unions are better for rural residents of Illinois as they offer a range of service and products that are usually not available from larger banks in these communities.
Featured Rural Community Story
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Credit Union Impact: Helping Those Who Need It Most
Although the nation is in the midst of a record-setting economic expansion, America’s rural areas suffer with more limited job opportunity, low population growth and disproportionately high poverty rates. According to recent USDA data, rural populations nationwide are 30 percent more likely to be living in poverty than metro area populations. These communities increasingly need support from a variety of partners and tools including government, healthcare, and finance. Credit unions are not-for-profit financial institutions that are dedicated to serving their members, regardless of location or socioeconomic background.
As of June 2019, almost one-fourth of all credit unions are headquartered in rural areas, making them uniquely positioned to serve rural communities by providing capital infusions, loans for education, and trusted advice. Rural credit unions, like the 244 in Illinois, provide jobs to areas that need them, help stimulate the economy indirectly and directly, and provide savings for those in need.
Advancing the Lives of Rural Illinoisans through:
