1505 Dundee Ave., Elgin, IL 60120
Phone: 847-742-5180 or 888-832-1383
Fax: 847-742-6723 www.cobcu.org
The Church of the Brethren Credit Union was organized and chartered in 1938 by the employees of the Brethren Publishing house and the General Brotherhood Board in Elgin, IL. In 1986 the Credit Union merged with the Brethren Parish Credit Union, which was established in 1941 by the members of the Highland Avenue Church of the Brethren.
In February 2004, the Credit Union's name was changed to Church of the Brethren Credit Union (CoBCU) and its charter was expanded to include all Church of the Brethren members and employees and their family members.
The CoBCU recently added three new products to its line of savings instruments: the Kids Club for children 12 and under, the Youth Club for youth 13 to 18, and the Brethren Youth Mission Club. The "Kids and Youth Club accounts offer a safe opportunity for children and youth to begin to learn sound money management skills. In a world of instant gratification and maxed-out credit cards, teaching your children that there is a smarter way can make a big difference in their lives." The CoBCU, in their brochure about the Brethren Youth Mission Club, states, "We believe that everyone should be able to participate in service opportunities. However, the reality is that the costs-whether it be registration or transportation-can be prohibitive. By planning ahead and starting to save regularly, we hope more individuals will be able to take advantage of service opportunities."
All three accounts pay a higher rate of interest than regular CoBCU savings accounts. For more information about or to open one of these accounts, contact the CoBCU at the numbers listed above.
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