Credit Unions are different from other financial institutions because we are owned and run by the members. Each person who owns one or more credit union shares is a member/owner. Members elect the credit union's Board of Directors who spend several hours of their own time each month, without pay, making tough decisions to ensure that KEMBA Credit Union is financially sound and operating smoothly.
KEMBA Peoria Credit Union was organized in 1934 and is a non-profit financial cooperative, chartered by the State of Illinois and regulated by the National Credit Union Administration (NCUA) who federally insures your savings account up to $250,000. Our purpose is to promote savings by paying higher dividend rates, to provide low cost loans, and to offer a full range of financial services to our members.
KEMBA Peoria Credit Union was organized in 1934 and is a non-profit financial cooperative, chartered by the State of Illinois and regulated by the National Credit Union Administration (NCUA) who federally insures your savings account up to $250,000. Our purpose is to promote savings by paying higher dividend rates, to provide low cost loans, and to offer a full range of financial services to our members.
Services
Credit unions offer regular share accounts, which are similar to savings accounts in other financial institutions. Your regular savings account represents your share of ownership in the credit union. Your initial deposit of $25 is equal to one share of ownership and establishes your account at KEMBA.
KEMBA offers FREE CHECKING to members with NO MONTHLY SERVICE CHARGE, NO PER CHECK FEE, NO MINIMUM BALANCE REQUIREMENT, OVERDRAFT PROTECTION, FREE MASTERMONEY ATM/DEBIT CARDS and ONLINE BILL PAY. Automatic overdraft protection guarantees the transfer of available funds in your savings account to your share draft account should you overdraw the account.
KEMBA offers several types of Club Accounts to help our members to better plan for upcoming expenses. Deposits can be made by cash, payroll deduction or direct deposit. Club Accounts have no minimum balance or deposit requirements. Withdrawal restrictions may apply to certain Club Accounts. KEMBA calculates interest daily and pays dividends monthly on all Club Accounts with balances of $25 or more.
KEMBA offers Share Certificates of Deposit with maturities ranging from 6 months to 36 months. The interest rates vary for each term. The minimum requirement to purchase a CD is $500 unless otherwise noted. Dividends are compounded monthly, unless you choose to receive a check or have the dividends deposited into another account at the credit union.
Payroll Deduction and Direct Deposit are two safe and easy ways to deposit funds into your accounts. Payroll Deduction is an easy way to save money and is available to any member who has Direct Deposit. You inform the Credit Union how much and where you want your money applied - Savings, Club Accounts, Checking, Dependent Accounts, Loans, etc. Once payroll deduction has started, it continues until YOU make a change.
Reviews (10)
Jeff Wagnaar
Oct 31, 2021
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Frank Merrill
Oct 10, 2020
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This bank will take every dollar you have! Joy the manager of the bank talks to you like you’re incompetent. They charge you so many fees, they make cell phone companies look good. My advice would be not to go through them for any reason. They will find fees and charges and then they will talk to you like you’re a child. Save yourself time, money and headache. go somewhere worth going. Joy is a terrible person to deal with. The only people they take care of are the ones with money. Stay away from this place. They have no ATMs at all. Terrible customer service.
Good Juju
Sep 02, 2020
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Jessica King
Jul 23, 2020
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Mickey Bramlett
Feb 01, 2020
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Cassondra Maskrey
Nov 23, 2019
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N. Boyer
Sep 17, 2019
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Tellers are always friendly and fast. I do only basic banking and dont have any problems at all. This is a small credit union which I prefer after dealing with bigger institutions. They aren't open on weekends and knowing that I make sure to take care of my banking needs during the work week so it's all good!
Shawn Schwindenhammer
Dec 06, 2018
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Rod Pitsonbarger
Jul 31, 2018
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This place will rip you off for your money.had account with them for years multiple loans payed off .had 25.00 savings account with them called them to see how much was in the account since should be drawing interest was told it doesn't draw interest and the account was closed due to inactivity and the money was taking for inactivity fees.they will take your money from savings account but not pay interest.please stay away!!!!
Shawn Schwindenhammer
Jul 22, 2018
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