Abri Credit Union

What Abri Credit Union does

Abri Credit Union is a not-for-profit, member-owned financial cooperative headquartered at 1350 West Renwick Road in Romeoville, Illinois, operating under a credit union charter and serving more than 27,000 members with $391 million in assets. Founded in 1949 as Argonne Credit Union to serve employees of Argonne National Laboratory and the Atomic Energy Commission, the institution adopted the Abri name in 2010 following a merger with Prairie Trail Credit Union that nearly doubled membership; a prior 2007 transaction had absorbed the DesPlaines Valley Credit Union membership base. Its field of membership is defined by residence or employment in DuPage, Will, Grundy, Kendall, and parts of Kane and Cook counties in Illinois, supplemented by employees of more than 100 employer groups.

The product portfolio spans consumer and small-business banking: a three-tiered checking suite (Smart, Dividend, Advantage), savings, money market, IRA, and Kids Savings accounts; share certificates with terms from 6 to 60 months; and lending products including conventional, FHA, jumbo, and adjustable-rate mortgages (with Idaho added to the Illinois footprint), home equity loans and HELOCs, auto loans with terms up to 84 months, personal loans and Readi-Cash lines of credit, RV/boat/motorcycle financing, student loans via ISL Education Lending, business loans, and share-secured loans. Card products include Visa Platinum (10.65%-19.65% variable APR) and Visa Platinum Rewards (13.65%-22.65% variable APR) administered through UChoose Rewards. Wealth management is delivered through Abri Advisors, a partnership with LPL Financial providing mutual funds, annuities, retirement planning, and insurance.

Distribution and technology: 7 branches across Romeoville, Joliet, Woodridge, Plainfield, Frankfort, and a special-access ANL branch in Lemont; an iOS/Android mobile app; online banking with Card Management (Abri Wallet), SMS payments (MessagePay), free credit scoring (Credit Sense), Zelle P2P, Bill Pay, and 24/7 fraud text alerts; plus surcharge-free access to nearly 30,000 ATMs via the CO-OP network. Revenue is generated primarily through net interest spread on member loans and deposits, transactional fees, interchange, and referral income from LPL Financial, ISL Education Lending, UChoose Rewards, and TruStage insurance. There are no disclosed outside investors or funding rounds; capital is member-owned and policy is set by an elected board.

Name

Abri Credit Union

Legal name

Abri Credit Union

Website

https://abricu.com

Company type

Private

Founded year

1949

Operating status

Operating

Headcount range

51–100 employees

Short description

Abri Credit Union is a not-for-profit, member-owned cooperative founded in 1949, serving over 27,000 members across six Illinois counties with $391M in assets through 7 branches and digital channels, offering deposit, lending, credit card, and wealth management products.

Ownership category

akta.pro rank

Headquarters

HQ city

Romeoville

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Interest Income from Lending: Primary revenue stream from interest earned on various loan products including auto loans, mortgages, home equity loans, personal loans, recreational vehicle loans, and credit cards. Rates vary based on creditworthiness and product type.
2. Fee Income: Various service fees including late payment fees ($25), returned payment fees ($25), balance transfer fees (3%), cash advance fees (1.5%, max $50), card replacement fees ($10), rush fees ($35), statement copy fees ($5), and MessagePay convenience fees ($5.99 per transaction).
3. Deposit-Based Revenue: Revenue generated from deploying member deposits (savings, checking, money market, certificates) as loans to other members, with the spread between deposit rates paid and loan rates charged representing core credit union income.
4. Investment Services Referral Revenue: Referral fees from LPL Financial for investment and retirement products offered through Abri Advisors program.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

Abri Credit Union is a not-for-profit, member-owned financial cooperative that provides retail banking products and services to individuals in Illinois. Its core offering spans deposit accounts (checking, savings, money market, share certificates, IRAs), consumer and commercial loans (auto, mortgage, home equity, personal, recreational vehicle, student, business, secured), and Visa credit cards. Members access products through seven physical branches in the Romeoville area and through online and mobile banking channels, with investment and retirement services delivered through Abri Advisors in partnership with LPL Financial.

Product overview

Abri Credit Union offers a comprehensive suite of financial products and services through a multi-channel platform consisting of online banking, mobile banking app, branch locations, and call center. The core product portfolio includes checking accounts (Smart, Dividend, and Advantage tiers), savings accounts, share certificates (CDs), and IRA accounts. Lending products span auto loans, home mortgages (conventional, FHA, jumbo, and Freedom Mortgage options), home equity lines of credit and fixed-rate loans, personal loans, Readi-Cash line of credit, recreational vehicle loans, student loans (via ISL Education Lending partnership), business loans, and secured loans. Credit offerings include Visa Platinum (low-rate) and Visa Platinum Rewards cards with UChoose Rewards program. Wealth management services are provided through Abri Advisors partnership with LPL Financial. Digital banking features include MessagePay (text-based payments), Abri Wallet (card management), Credit Sense (free credit scoring), Bill Pay with Zelle, and fraud text alerts. The company serves members in Illinois counties (DuPage, Will, Grundy, Kendall, and parts of Kane and Cook) through 7 branch locations.

Differentiator

Problem solved

Functional benefit

Brands

• Abri Advisors: Investment and financial advisory services offered through a partnership with LPL Financial for retirement planning, wealth management, and investment services.

Products and services

• Checking Accounts Three-tiered consumer checking account lineup (Smart Checking with no minimum and no monthly fee, Dividend Checking with a $500 minimum and 0.10% APY, and Advantage Checking with a $10,000 minimum and 0.30% APY), plus Fresh Start Checking for members needing second-chance banking. Includes debit card, overdraft protection options, and access to digital banking.
• Savings Accounts Multiple savings products including Prime Shares (0.10% APY), Premier Money Market with tiered rates up to 1.20% APY, Kids Savings, Christmas Club, and Health Savings Accounts (HSAs) for individuals and families seeking tax-advantaged and goal-based savings.
• Share Certificates (CDs) Term deposit accounts ranging from 6 to 60 months, including a special 11-month share certificate earning 3.50% APY. Standard minimum is $500 with a $5,000 minimum required for the 11-month special; APY scales up with longer terms.
• IRA Accounts Individual Retirement Accounts including IRA shares and certificates, with rates of 0.45% APY on IRA savings and certificate options at various terms for retirement savings planning.
• Auto Loans New and used automobile financing with rates starting at 4.49% APR and terms up to 84 months, plus pre-approval, refinancing options, and financing for motorcycles, boats, and ATVs.
• Home Mortgage Loans Residential mortgage offerings including conventional fixed-rate mortgages (10-30 year terms), adjustable rate mortgages, FHA mortgages, jumbo mortgages up to $1 million, and Freedom Mortgage with 5-, 7-, or 10-year terms. Available in Illinois and Idaho across single-family, condo, townhome, duplex, and investment property types.
• Home Equity Line of Credit (HELOC) Revolving credit lines secured by home equity with 20-year (5-year draw, 15-year repayment) or 30-year (10-year draw, 20-year repayment) structures. Variable rates indexed to Prime with tiered pricing based on credit line amount.
• Fixed Rate Home Equity Loan Fixed-rate, fixed-term home equity loans for one-time expenses offered in 5-, 7-, 10-, or 15-year terms. Rates from 6.78% APR for loans up to 80% LTV, with loan amounts ranging from $5,000 to $200,000.
• Personal Loans Unsecured fixed-rate personal loans from $500 to $30,000 at rates from 11.99% APR, with terms up to 60 months and $50 minimum monthly payments.
• Readi-Cash Line of Credit Revolving personal line of credit ranging from $500 to $15,000 at 13.9% APR, with $25 minimum payments and multiple access methods including online banking, phone, and in-person.
• Recreational Vehicle Loans Financing for RVs, boats, motorcycles, campers, jet skis, and snowmobiles at rates from 5.99% APR, with terms up to 180 months for motor homes.
• Visa Platinum Credit Card Low-rate credit card with 0% introductory APR for 12 months on balance transfers followed by 10.65%-19.65% variable APR. No annual fee, credit lines from $500 to $25,000, and a 25-day grace period.
• Visa Platinum Rewards Credit Card Rewards credit card earning 1 point per dollar, with 0% introductory APR for 12 months on balance transfers and 13.65%-22.65% variable APR thereafter. Points are redeemable for cash, gift cards, travel, and merchandise through the UChoose Rewards program.
• Student Loans Private student loans and refinancing options offered through a partnership with ISL Education Lending, a nonprofit organization. Includes loans for college students and parent borrowing options.
• Business Loans Commercial financing products including commercial mortgages for investment properties, real estate construction and renovation loans, term loans for business acquisition, equipment financing, and lines of credit for working capital.
• Secured Loans Share-secured loans at 3.10% APR and share certificate-secured loans at 3.00% APR over the certificate rate, using the member's existing Abri savings or share certificate as collateral.
• Abri Advisors Investment Services Investment and retirement planning services delivered through a partnership with LPL Financial, including mutual funds, stocks, bonds, options, annuities, and insurance products. Advisors provide retirement income planning, wealth management, and estate conservation strategies.
• Online Banking Web-based banking platform providing 24/7 access to account balances, transaction history, fund transfers, bill pay, e-statements, credit score viewing, and online loan applications for members.
• Mobile Banking App Native mobile applications for iOS and Android enabling mobile check deposit, account access, debit and credit card management via Abri Wallet, and Zelle peer-to-peer payments on the go.

Quantifiable outcome

• Save $554 over the life of a $20,000 auto loan when refinancing from 5.99% to 4.99% APR
• +1 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• LPL FinancialcoreStrategic or Co-development PartnerAbri Advisors program is offered through LPL Financial, a registered investment advisor and broker-dealer (member FINRA/SIPC). LPL provides investment products including mutual funds, stocks, bonds, options, annuities, and insurance. Ryan Breytspraak serves as the Abri-based Financial Advisor with Series 7, Series 66, and Life & Health Insurance licenses.
• ISL Education LendingcoreChannel Partner/ Reseller/ DistributorPartnership with ISL Education Lending (Iowa Student Loan) to offer private student loans for college students and refinancing options. ISL is a nonprofit organization with decades of student loan experience. Abri receives referral compensation for student loan customer referrals.
• CUNA Mutual GroupminorGTM or Marketing PartnerJoint marketing partner for insurance products. Referenced in privacy notice as the company's joint marketing partner.
• VersitiminorOthersBlood center organization that conducts mobile blood drives at ANL branch location. Versiti Mobile Coach collects blood donations from Argonne National Laboratory badged employees.
• Enterprise Car SalesminorOthersReferral partner for car buying resources, offering members access to buy or sell used vehicles through Enterprise Car Sales with credit union pricing.
• American Share (ASI)minorOthersFinancial services organization whose logo appears on the website footer alongside Abri Credit Union branding.
• UChoose RewardscoreTechnology or IntegrationRewards program administrator for Visa Platinum Rewards credit card, enabling point earning on purchases and redemption for cash, gift cards, travel, merchandise, and Apple products.

Scale indicators6 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• BCU (Baxter Credit Union): Illinois-headquartered (Vernon Hills) credit union serving employees of sponsoring companies and their families; nearly identical field-of-membership construct and product breadth, making it a close comparable.
• Great Lakes Credit Union: Illinois-based (Bannockburn) community credit union with similar branch-and-digital hybrid model, serving Chicago-area residents and select employer groups with comparable deposit/lending products.
• Connexus Credit Union: Wisconsin-based community credit union of comparable size with strong digital capabilities, full product suite, and national membership reach via online channels; benchmark for digital-first community CU strategy.
• DuPage Credit Union: Naperville, IL-based community credit union serving the same western Chicago suburb geography as Abri with overlapping product sets and employer-group membership; direct local competitor.
• IH Mississippi Valley Credit Union: Illinois/Iowa regional credit union of similar asset size with full retail banking services including mortgages, auto loans, and credit cards; comparable member-base scale and community credit union model.
• Together Credit Union: Mid-size community credit union of comparable asset size with full retail product offering and member-owned cooperative structure; analogous growth profile through mergers and field-of-membership expansion.
• First Northern Credit Union: Waukegan, IL community credit union with comparable size and product mix, serving Lake County and surrounding suburbs; direct regional competitor for Abri's field of membership.
• Corporate America Family Credit Union: Elgin, IL-based community credit union with similar size, employer-group field of membership, and comprehensive retail banking products; serves overlapping suburban Chicago market.
• Consumers Cooperative Credit Union: Waukegan, IL-based community credit union serving the northern Chicago suburbs with a comparable deposit/lending mix and member-owned cooperative structure; direct overlap in geographic and product positioning with Abri.

Broad incumbents

• Alliant Credit Union: Larger Illinois-headquartered credit union with a national digital membership model and broader asset base; offers a benchmark for what scaled digital-first credit union competition looks like for Abri.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/AbriCreditUnion
• YouTubeyoutube.com/user/AbriCreditUnion
• Facebookfacebook.com/AbriCU
• LinkedInlinkedin.com/company/abri-credit-union

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Abri Credit Union