Unclaimed Property Notice

GLCU would like to inform you that the State of Illinois has enacted a new law governing unclaimed property held in the State.

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Meet Our New President/CEO

Meet Great Lakes Credit Union's new President/CEO! Learn about Steve’s background and what to expect from GLCU in the future.

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The New Homeowner Diet

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How is pushing away that second slice of pizza and saving for a home purchase alike? If you've ever dieted, you know sacrifice and hard work. That's what it takes to make a great homeowner. Here are some tips to get you moving toward that down payment.

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How to Spot Investment Scams

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You go into a shopping mall and are asked to fill out a form to enter a sweepstakes to win a car. You’d love to have the car, and, hey, someone’s going to win it. There’s no purchase necessary, so why not? Don’t do it! Scam artists are able to get enough of your information from those surveys to start causing you trouble. Here are some tips to avoid investment scams.

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DIY Home Improvements with a Little Help From GLCU

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It can be expensive to hire a professional to redo some part of your home, and choosing a contractor can be a stressful process. Instead of paying out thousands of dollars for a contractor, consider these ideas you can do yourself!

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Finding Legitimate Financial Advice

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A good financial specialist does well when you do well and a bad one can charge you for the privilege of squandering your money. How can you tell the difference? These tips can help you sort out the good from the bad:

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Charity 2018

GLCU has taken on a new initiative to expand community giving this year with “Charity 2018”. For Charity 2018, GLCU will be selecting five local charities that will each receive $2,000 throughout the year.

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Avoid Skimmers at Fuel Pumps

Unfortunately, skimming at gas stations has been on the rise. Thieves will place a device in gas station pumps to scan your card and access your money. Here are some helpful ways to protect your information.

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Is Unlimited Data Actually a Deal?

Unlimited data sounds like a great deal, because who wants overage charges? There’s also something about the word “unlimited” that makes the plan seem more attractive.

Unfortunately, unlimited data plans can end up costing you more than you think. Before locking yourself into an expensive year-long contract, ask yourself these questions:

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Beware of Medical Scams

Medicare is replacing its old cards with new ones. Even though the cards have not yet been issued, scammers are taking advantage of this change.

A caller might claim to need your medical information to send out their new card. In reality, the cards are free and will be mailed automatically.

Here is what you need to know about medical identity theft.

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Entrepreneurship: The New Retirement

America’s idea of retirement has changed significantly over the last several years. New retirees are increasingly making the transition from working for someone else to working for themselves. For someone making this switch, the thought of starting a business can be both exciting and nerve wracking.

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Gardening Tips for Springtime

There’s nothing quite like a garden in full bloom, but all that beauty takes work. Fortunately, it’s not that hard to turn your own yard into a botanical work of art.

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Love Your Mortgage and Stop Worrying

Let’s talk about why mortgages are different from other kinds of debt.

Every corner of the personal finance world seems to hammer home the same point: Debt is the wealth killer. Debt is the single greatest threat to your retirement planning, college savings and financial independence. Except, as it turns out, there is one kind of debt that defies all of these rules: mortgages.

 

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Website Refresh

Get ready for a fresh new look coming to the GLCU website at the end of the month! Changes are being made to improve the way you navigate with the least amount of clicks possible. This will create a simple and efficient space to easily find what is important to you.

 

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Financial Advice for Your Budget

 

Investing advice is everywhere! It’s on TV, it’s all over the internet, it’s in newspapers and magazines, and it fills the pages of dozens of books. Even though there is an abundance of investing information, people still want the advice of a professional. There are several options to finding the best financial council for your budget. Here are a couple samples of investing resources to check out.

 

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What Do I Do With My Refund?

If you’ve got a windfall coming from the IRS and don’t want to watch it disappear as you spend an extra $50 or $100 here or there, we’ve got some plans that can turn your refund into lifelong memories, earn you money in the long run or both, all while spending time doing what you want to do.

 

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3 Ways To Build Your Credit History

If you keep up with financial news at all, you know your credit score is one of the most important and widely circulated bits of information about you. It determines the outcome of many of your adult life decisions.

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Beware Of Banking Scams

Scammers never take a break. Recently, there’s been a significant uptick in scams involving checking accounts at many financial institutions.

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Social Media Scams

 

Of late, there has been an increase in the number of reports on people posing as employees of credit unions via social media.

 

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Buying a Home in Today's Economy

The only thing certain about today’s economy is that it is uncertain. While things look relatively stable now, no one can guarantee what the next few years will bring. Fortunately, you don’t have to give up on the home of your dreams because of a fluctuating economy. Here are steps you can take to make sure your money –and your house – are safe regardless of the state of the economy.

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5 Tax Scams to Avoid

Tax season can be a hectic, so it is important to stay alert. During this stretch of the year, scammers are highly active and are taking every opportunity to steal from the unsuspecting.

Here are a few scams to watch out for this year.

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Avoid These 4 Fear-Related Risks to Retirement Investing

Franklin Delano Roosevelt relayed his deep understanding of how fear itself is a risk and can lead to irrational action when, in a time of extreme uncertainty and war, he advised the nation that we “have nothing to fear but fear itself.” That same wisdom applies to retirement investing. Here are 4 fear-related risks to avoid when pursuing your financial retirement goals:

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Retirement Savings For Self-Employed People

There are three big options when it comes to saving for retirement as a small business owner, independent contractor or self-employed worker. Let’s take a look at the pros and cons of each. Remember not to let perfect be the enemy of good with these plans. Any savings is better than no saving at all!

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Meltdown and Spectre Vulnerability

As you may have heard on the news, computer researchers recently discovered that the main chip in most modern computers—the CPU—has a hardware bug, “Meltdown and Spectre.” At GLCU, your security is our top priority and we wanted to alert you in case you had concerns.

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Great Lakes Credit Union Pays it Forward to Communities in 2017

Great Lakes Credit Union concluded 2017 as it began the year – helping those who live within the communities it serves. “Our credit union is proud to give back and pay it forward in meaningful ways throughout the communities we are involved in. By supporting and volunteering at organizations and community events, we can help fulfill wishes where caring is needed the most,” says Yvonne Bailey, Vice President of Marketing at GLCU.

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Early Retirement Costs You Might Have Missed And How To Save For Them

Retiring early is the dream. You get to spend more time with your family and enjoy your hobbies while you’re healthy enough to do so. You can say goodbye to the workaday world and begin your permanent vacation.

Maybe it’s less of a dream and more of a necessity. Maybe health problems, like chronic pain or arthritis, are forcing you to consider giving up your career before age 65. Perhaps your children need you to help with caring for your grandchildren.

Whatever your reason for retiring early, a study released in June 2014 by Fidelity Investments warns it will cost you in ways you might not expect. According to the study, early retirees can expect to pay an extra $17,000 per year in medical expenses.

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Get Smart With Gift Card Exchanges!

Everyone is looking for ways to save during the expensive holiday season. A great way to do this is to cash in on gift card exchange sites, like giftcardgranny.com and cardcash.com.

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GLCU Donates $3,000 to Veterans of Foreign Wars

In support of Great Lakes Credit Union’s (GLCU) initiative to give back to its communities, on December 8, GLCU Board Member, Kevin Leman, and Antioch Branch Manager, Teresa Qualls contributed $3,000 to Veterans of Foreign Wars in Antioch, Il.

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GLCU Donates $3,000 to Wally Burns VFW

In support of Great Lakes Credit Union’s (GLCU) initiative to give back to its communities, on December 8, GLCU Board Chair, Jim Fabrie, and Country Club Hills Branch Manager, Terri Spriggs contributed $3,000 to Wally Burns Veterans of Foreign Wars in Flossmoor, Il.

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NEW Ratings & Reviews

Member ratings and reviews are now displayed at the top of designated product pages including our Mortgage, Checking, Loans & Credit Cards, and Visa page! 

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GLCU Donates $3,000 to United Way of Will County

In support of Great Lakes Credit Union’s (GLCU) efforts to give back to its communities, GLCU Board Member, Pat Price, and Bolingbrook Branch Manager, Melissa Stroud donated $3,000 to the United Way of Will County.

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GLCU Donates $3,000 to Preserve a Gurnee Landmark

In support of Great Lakes Credit Union’s (GLCU) initiative to give back to its communities, on November 20, GLCU Board Member, Stephen Park, and Gurnee Branch Manager, Erica Carrillo contributed $3,000 to Gurnee to rebuild the Richard A. Welton Plaza in Gurnee.

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GLCU Employees Donate to Help Veterans

Great Lakes Credit Union (GLCU) acknowledges and is humbled by the sacrifices made by military personnel. It is hard to see our veterans struggle in day-to-day life after they have already given so much. To help those experiencing hardships, GLCU held an employee donation drive for the Midwest Shelter for Homeless Veterans (MSHV).

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GLCU Donates $3,000 to 360 Youth Services

For the second year in a row, Great Lakes Credit Union’s (GLCU) Board of Directors adopted an extraordinary plan to give back to its communities; Branch Managers of each GLCU location work closely with Board Members to find local charities to support on behalf of GLCU.

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GLCU Helps Bring Relief to Hurricane and Wildfire Survivors

CUAID - Credit Unions helping credit unions during disaster

It is tragic to see the destruction caused by recent hurricanes and wildfires. People lost their homes, life savings, and families were split apart. To provide relief to those affected by these natural disasters, Great Lakes Credit Union’s (GLCU) Board of Directors approved a $2,500 donation to CUAid, which was then followed by a Facebook fundraiser.

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Pattern Protection Isn't That Safe

Is your phone safe?

When it comes to smartphones, privacy is extremely important. Yet, millions of smartphones remain open to an attack. One recent study has shown just how easy it is to break into a pattern code as opposed to a six-digit PIN.

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GLCU Donates $50,000 to the National Museum of the American Sailor

Great Lakes Credit Union (GLCU) is honored to support the National Museum of the American Sailor, the only museum dedicated to the Enlisted Sailor. The museum campus, to be located in North Chicago near the Great Lakes Naval Station, will be designed with the purpose to preserve, educate and celebrate the history of the United States Navy’s enlisted sailor. 

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GLCU Donates to Help the Homeless

In support of Great Lakes Credit Union’s initiative to give back to its communities, on September 21, 2017, GLCU’s Board Member, Bertine Nixon, and Waukegan’s Branch Manager, Nora Rivera contributed $3,000 to PADS Lake County.

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How to Write a Check 101

How to write a check

Although there are alternatives, it is still important to know how to use a paper check. Sometimes using a check is the best way of making a payment. Here are six simple steps to write a check

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Faster Electronic Payments

We have great news! Your ACH withdrawals (electronic payments) will be processed a lot quicker starting Friday, September 15.

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Equifax Security Breach

Equifax announced on September 7, 2017 that a cybersecurity incident recently occurred and could impact close to half of U.S. consumers.

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Password Security

Password Security

Make sure you take advantage of these great ways to add some extra security to your information with your passwords.

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The Field Museum Makes a New Friend

Around 102 million years ago, when the earth was thick with towering forests and giant reptiles, there was one that stood above them all as the largest, the Patagotitan mayorum.

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Credit Unions?

What is it a credit union? Where did they come from? A credit union is a term that when first heard is easily misunderstood. So let’s have a little history lesson on credit unions to uncover the mystery of them.

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What you need to know about the Solar Eclipse

On Monday August 21, 2017 the United States will experience a total solar eclipse and a partial solar eclipse. The last time a total eclipse was visible from coast to coast, like is one is, was in 1918. Here is some information to help you to prepare for this rare event!

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Locked in Amber

Do you remember the scene in Jurassic Park where miners are excavating amber from a mine? A miner calls over the head of the search party and tells him there is a find. He goes into the mine where he is handed a piece of amber. He holds the hardened tree sap up to the light and finds a mosquito frozen in time from the age of the dinosaurs.

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Phishing Advice

Phishing Advice

Phishing is the activity of defrauding a consumer by posing as a legitimate company.

As technology continues to advance, so does the capabilities and techniques of hackers. Phishing scams and credit card fraud are malicious acts against consumers and it occurs daily.

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The Rule to Buying a Vehicle

Purchasing a vehicle can be an expensive decision. When looking to purchase your car, you might consider using an auto loan to help break up the cost. Though it might be a helpful tool to spread out the cost of the vehicle, it is important to remember that the longer the term length of the auto loan, the more expensive it will end up being. To get the most value out of the purchase of your next car you should consider trying the 20/4/10 rule.

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The Oldest Smiley Face

This simple smiley face was found on a 3,700 year old piece of pottery in the ancient city of Carchemish, on the border of Turkey and Syria.

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Do You Need a Private Student Loan?

With the ever increasing cost of tuition and overall cost of attending college, private student loans can be a practical way to help pay for school. After exhausting every other possibility, grants, scholarships and federal loan options private student loans are a great way to help bring the cost down.

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GLCU Donates to Three Organizations

In support of Great Lakes Credit Union’s initiative to support its communities, on June 23, 2017, GLCU’s Board Member, Lee Piekarz, contributed $1,000 to Mano-A-Mano and Community Youth Network. In addition to these two organizations, GLCU will likewise donate $1,000 to Nicasa.

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GLCU Awards $6,000 to Members Pursuing Higher Education

“For the past 16 years, GLCU has raised money annually, in large part through employee fundraising, to award scholarships to members continuing their education,” says Yvonne Bailey, SVP-CBMO. “It is always a difficult selection process because of all the quality applications we receive.”

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GLCU's Swipe Away, Fly Away Winner!

Kyle W. of Waukegan, Illinois, was presented with a $5,000 vacation package courtesy of Great Lakes Credit Union on May 15, 2017. Kyle was a randomly selected member of the credit union who qualified to win the credit union’s Swipe Away, Fly Away contest.

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Myrtle the Turtle Graduates

It is that time of year; students are grabbing their caps and gowns and taking the next big step in their life. GLCU has a friend who is doing the same! She might not be graduating from school, but she is having a unique type of graduation of her own.

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