1 type credit union industry financial services founded 1958 1958 chanute military credit union 1949 1949 paysaver credit union 1965 1965 cumorah credit union headquarters rantoul illinois united states area served illinois ; indiana ; nevada products savings ; checking ; consumer loans ; mortgages ; credit cards ; investments total assets 644.2 m usd number of employees 345 website creditunion1.org credit union 1 is a credit union based in rantoul illinois . its service area spans the chicago metropolitan area the northern and central regions of illinois the indianapolis metropolitan area and the las vegas metropolitan area . 1 cu1 serves 87 000 members throughout illinois and indiana 2 and roughly 15 000 members in nevada . 1 credit union 1 is not federally insured but insures its share deposits to 250 000 per account through american share insurance . 3 history edit credit union 1 was established as chanute military credit union in 1958 . the original base of membership was personnel and dependents of chanute air force base . after plans to close chanute afb the credit union sought out ways to expand its membership base . 2 chanute mcu changed its name to credit union 1 in 1982 . fort sheridan credit union was merged into credit union 1 extending the credit union s field of membership to the military reserve and national guard units in illinois . citation needed the next expansion credit union 1 experienced was changing the field of membership from occupational to associational . this meant credit union 1 s field of membership was no longer restricted to its military affiliation . since then credit union 1 has continued to encompass more select employee groups segs through mergers and enrollment . the primary segs include all state of illinois employees all cook county employees students and faculty of university of illinois at chicago students and faculty of eastern illinois university navistar tribune companies aon corporation elmhurst memorial hospital employees and a number of other companies and organizations . citation needed in 1999 credit union 1 merged with paysaver credit union of lombard illinois . 2 paysaver credit union was chartered in 1949 with international harvester as its original sponsor . primary segs for paysaver included navistar tribune companies aon corporation elmhurst memorial hospital and cook county illinois employees . citation needed in 2009 credit union 1 merged with the las vegas based cumorah credit union . cumorah which was founded in 1965 served nevada members of the church of jesus christ of latter day saints . 1 references edit a b c lucht nicole . 1 the las vegas sun 23 oct. 2009 . a b c membership . rantoul illinois credit union 1 . retrieved 2009 12 13 . dodson don . credit union 1 happy with private insurance . the news gazette . 19 oct. 2008 . external links edit credit union 1 official website retrieved from https en.wikipedia.org w index.php title credit union 1 illinois & oldid 730078125 categories companies based in champaign county illinoiscredit unions based in illinoiscredit unions based in indianacredit unions based in nevadalombard illinoisorganizations established in 1949organizations established in 1958organizations established in 1965rantoul illinois1958 establishments in illinoishidden categories all articles with unsourced statementsarticles with unsourced statements from december 2009 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 16 july 2016 at 16 12 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view