About Us


Credit unions are not-for-profit financial cooperatives serving members who share something in common-employment, association membership, or residence in a particular geographic area. More than 70 million U.S. consumers are member-owners of, and receive all or part of their financial services from, the nation's 12,047 credit unions.


Credit unions are democratically owned and controlled institutions based on 'people helping people' principles. Credit union boards of directors are elected by members; each member has an equal vote, regardless of how much he or she has on deposit. Only members may serve as directors, and directors serve without compensation. Credit unions have no outside stockholders, so after reserves are set aside, earnings are returned to members in the form of higher dividends on savings, lower loan rates and lower cost services.

Message from the President

This website is provided to help you become acquainted with the origin and nature of credit unions as well as information about Members Choice Credit Union. On behalf of the Board of Directors of Members Choice Credit Union we welcome you to our website...a special and exciting type of information delivery...we trust you will find your relationship with us rewarding.

Tory J. Eckstein



Members Choice Credit Union began when CILCO Credit Union and Healthcare Family Credit Union merged in 2000.

CILCO Credit Union began in 1935 providing CILCO employees and families basic credit union services. Since then, CILCO Credit Union had grown to 4,490 members with $41.5 million in assets. CILCO CU offered many money management services. The Credit Union had office locations in Peoria and Springfield.

Healthcare Family Credit Union began in 1955 as St. Francis Hospital Employees Credit Union providing basic credit union services to the employees and families of OSF Saint Francis Hospital. In 1988, OSF St. Mary's Hospital Employees Credit Union merged changing the name to Healthcare Family Credit Union. HFCU had grown to 5,407 members with $14.5 million in assets and offered many financial services to its membership. Healthcare Family Credit Union had office locations in Peoria and Galesburg.

Today, Members Choice Credit Union serves over 9,700 members and continues to grow.



Credit unions are chartered under either federal or state law. Members Choice Credit Union is a state chartered credit union and regulated by the Illinois Department of Financial and Professional Regulation Credit Union Division. NCUA administers the federal insurance fund, NCUSIF, which covers all federal credit unions, and most state chartered credit unions with federal share insurance. No taxpayer money is used for regulating and overseeing federal credit unions, as all activities of NCUA and the NCUSIF are funded by credit unions.