Cefcu

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Cefcu
341 5th Street,
Lincoln, IL 62656
Phone:(217) 735-5541
Fax:(217) 735-3513
Toll Free (800) 633-7077

Citizens Equity First Credit Union (CEFCU) was founded in 1937 to serve employees of Caterpillar. During the Great Depression, it was difficult for people to get affordable loans, so a group of Caterpillar employees formed the Credit Union during their lunch hour by pooling together what little money they had in a cigar box. This money was used to make affordable loans to Credit Union members — with one member's savings used to help another member who needed a loan. That tradition of members helping one another continues to this day.

Since then, CEFCU has grown to a financial institution with more than $4 billion in assets. In addition to Caterpillar, CEFCU serves the employees of more than 500 companies, known as Select Employee Groups (SEGs). Individuals may also join CEFCU if they reside in a 14-county area in Central Illinois.

The increased diversity among members has enabled CEFCU to thrive even during difficult economic times. Today, CEFCU is not only a dominant financial institution in Central Illinois, but also one of America's largest community-based credit unions, serving more than 230,000 members in 50 states and several foreign countries.

2009 Citizens Equity First Credit Union