Canaan Credit Union

About Canaan Credit Union

Canaan Credit Union Location

404 West Main Street
Urbana, IL 61801

Phone: (217) 367-2158
Website: www.canaanmbc.com
Routing/Transit Number: Not Available

Canaan Credit Union Information

Canaan Credit Union of Urbana, IL is a cooperative financial institution that is controlled and owned by its members, and operated for the purpose of promoting thrift, providing credit at fair rates, and providing other financial services to its membership base. This institution has 455 members and assets of $133,557, as compared to the national average of $93 million dollars of assets per credit union. Canaan Credit Union, first opened in 2001 and has been in operation since then. Additionally, Canaan Credit Union has 2 full time employees and 1 part time employees, or 151.666666667 members per employee, compared to a national average of 376.32254.

While all federal credit unions, and 95% of state-chartered credit unions, have "share insurance" (otherwise known as deposit insurance) of at least $250,000 per member through the National Credit Union Share Insurance Fund (NCUSIF), you should double-check to ensure that Canaan Credit Union is covered by this protection. This share (deposit) insurance is backed by the United States government and is administered by the National Credit Union Administration. Canaan Credit Union is a not-for-profit, cooperative, tax-exempt organization.