Sep, 30, 2025 — BAXTER CREDIT UNION is a federally insured state chartered credit union headquartered in VERNON HILLS, IL with 47 branch locations and about $6.24 billion in total assets. Opened 46 years ago in 1980, BAXTER CREDIT UNION has about 364,451 members and employs 772 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BAXTER CREDIT UNION |
|---|---|
| Address: (Main Office) | 340 N Milwaukee Ave VERNON HILLS, IL 60061-1533 |
| Phone: | (800) 388-7000 |
| Fax: | |
| Website: | https://www.bcu.org |
| Branches: | 47 branch locations |
| Members: | 364,451 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68187 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1980 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $6,235,453,851 |
| CEO/Manager: | Michael Valentine |
| Chairperson: | Mike Curran |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 401,724,805 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 5,292,735 |
| Real Estate Loans | 2,809,477,602 |
| Unsecured Loans | 843,518,560 |
| Other Loans | 1,398,991,618 |
| TOTAL LOANS | 5,051,987,780 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -61,872,120 |
| Land And Building | 72,696,802 |
| Other Fixed Assets | 34,200,492 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 39,544,810 |
| All Other Assets | 3,104,535 |
| TOTAL ASSETS | 6,235,453,851 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 755,000,000 |
| Accounts Payable & Other Liabilities | 53,248,297 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,242,902,389 |
| Regular shares | 954,442,366 |
| All Other Shares & Deposits | 2,641,760,000 |
| TOTAL SHARES & DEPOSITS | 4,839,104,755 |
| TOTAL LIABILITIES | 5,649,904,908 |
| Regular Reserve | 0 |
| Other Reserves | -8,605,228 |
| Undivided Earnings | 594,154,171 |
| TOTAL EQUITY | 585,548,943 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,235,453,851 |
| INCOME & EXPENSE | |
| Loan Income | 223,237,739 |
| Investment Income | 61,157,685 |
| Other Income | 27,035,573 |
| Total Employee Compensation & Benefits | 79,983,250 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 96,134,449 |
| Non-operating Income & (Expense) | 529,875 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 44,225,000 |
| Cost of Funds | 127,823,117 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 32,034,887 |
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