BCU Invests in Community with Purchase of Headquarters Facilities
CHICAGO - BCU recently purchased the buildings that house their main headquarters and over 70% of their employee base in Vernon Hills, IL. The Credit Union has been renting and operating from the 340 N. Milwaukee Ave. building for the past nearly 15 years and recently expanded their campus to the neighboring 300 N. Milwaukee Ave. building in 2019. The purchase is an investment in their members, the communities they serve, and the Credit Union’s future - reflecting their intentions to be Here Today For Your Tomorrow.
The campus is the flagship for all BCU’s Northern Illinois community locations, including Libertyville, Crystal Lake, Round Lake, and Gurnee. “The campus purchase is an
investment in these communities,” said BCU Vice-President, Controller, Chuck Smith. The purchase affords the Credit Union more control over the space and eliminates the financial obligation of rent. “We can better focus our efforts and resources on our members, ensuring that Vernon Hills and all surrounding Branches are a welcoming place, and we continue to offer our exceptional products like PowerPlus™ Checking and FlexiRate™ Mortgages,” said CJ Presto, BCU Executive Vice-President and Chief Financial Officer. With PowerPlus Checking, members can maximize their checking by earning up to 4% APY* with unlimited ATM fee refunds and no monthly fees or minimum balance requirements. Members searching for their dream home can take advantage of one of the Credit Union’s newest home buying services, FlexiRate. This program allows home buyers to lock in a rate that is not tied to a specific property, but rather, moves with them and allows for a one-time float down as they search for their dream home in an ever-evolving market.
The Vernon Hills Branch, now located at 300 N. Milwaukee Ave., provides Credit Union members an inviting environment where they can personally connect with Credit Union staff and Wealth Advisors who are eager to empower their financial freedom. The campus also offers BCU employees and contractors a place to work and thrive in this new-age hybrid capacity. An on-site barista, concierge service, and state-of-the-art fitness center provide the opportunity for employees to improve work-life balance; and the expanded green space offers a functional gathering area to promote collaboration and well-being.
Take a tour of the BCU Vernon Hills headquarters.
About BCU: BCU is a purpose-driven organization that empowers people to discover financial freedom. With $5B in assets, while being both not-for-profit and member-owned, the Credit Union is driven by the commitment to provide extraordinary service. BCU members enjoy access to financial services and well-being programming that inspire confidence through the brand promise “Here Today For Your Tomorrow.” BCU is the financial well-being benefit partner for some of America's best companies, currently serving Fortune 100 workplaces throughout the United States and Puerto Rico. Lifetime membership is offered to employees and families of their company partners, and those living or working in Chicago-area communities. To learn more about BCU, visit BCU.org.