Your Self-Help Route to Financial Independence


Canaan Credit Union

Canaan Credit Union in Urbana.
A Member-Owned Financial Institution.

About Us

Who are we?

 Canaan credit union is a financial institution owned by its members. We are a financial cooperative, consisting of a group of individuals who banded together to create their own bank for the mutual belief of everyone in the group. “It is your self-help route to financial independence”. It is where members are owners and not just customers.

What is a Credit Union?

 Credit unions have built-in profit margins and profits are not distributed solely to an elite group of shareholders. All revenues generated by the credit union are used to cover basic administrative expenses; the remainder is distributed back to the members in the form of reduced fees, higher savings rates, and lower loan rates.

Why Us?

 Canaan Credit Union is state-chartered by the Illinois Department of Financial and Professional Regulation (IDFPR), and federally insured by the National Credit Union Administration (NCUA). 

Site Content

Services

  • Share (Savings) accounts
  • Unsecured (signature) loans at low interest rates
  • Secured loans at low interest rates

Become a Member

All revenues generated by the credit union are used to cover basic administrative expenses; the remainder is distributed back to the members in the form of reduced fees, higher savings rates, and lower loan rates.

Borrowing

  • An unsecured loan allows you to borrow up to $4,000 with no collateral required.
  • With our secured loan you can borrow up to $35,000.

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Contact Us

Contact Us

We have your best interest in mind!

Send us a message to find out more about how we can meet your banking needs. Tell us a little bit about your situation, and we will get back to you as soon as we can.

Canaan Credit Union

404 West Main Street, Urbana, Illinois 61801, United States

(217) 367-2158

Hours