Baxter Credit Union is a $6.24B federally insured state-chartered credit union headquartered in Vernon Hills, IL, serving 364,451 members across 47 branches since 1980.
Data compiled from public sources · Rating from CreditDoc methodology
24 billion in total assets. Headquartered in Vernon Hills, Illinois, the credit union operates 47 branch locations throughout the region and serves a membership base of 364,451 individuals. As a federally insured state-chartered credit union (Charter Number 68187), it operates under federal oversight and NCUSIF protection.
The organization employs 772 full and part-time employees and is led by CEO Michael Valentine and Chairperson Mike Curran. Baxter Credit Union offers a comprehensive range of banking and financial services typical of a full-service credit union. 40B).
Additional services mentioned include credit builder programs, international remittances, and low-cost wire transfers. org. As a mid-sized regional credit union, Baxter distinguishes itself through its established 46-year operational history, substantial asset base, and extensive branch network in the Chicago metropolitan area.
5M in total equity as of December 2024. Their financial performance shows $32M in net income, demonstrating operational stability. The organization's focus on member services and community presence across multiple Illinois locations sets it apart from smaller, single-branch operations.
Baxter Credit Union is a legitimate, well-established financial institution with transparent regulatory filing and audited financial statements (last audited December 1, 2024). For consumers seeking traditional banking services from a credit union rather than a commercial bank, Baxter offers stability and scale. The primary consideration is that membership eligibility may be restricted based on geographic location or employment affiliation, as is common with state-chartered credit unions—this should be verified directly.
Baxter processed 4,305 mortgage applications in 2023, approving 79.7% of applicants across 50 states.
4,305
Applications
79.7%
Approval Rate
$191K
Avg Loan
50
States Served
Based on 4,305 applications. Income in thousands (reported by applicant).
Source: CFPB Home Mortgage Disclosure Act (HMDA) Data, 2023. Applications include originated, approved, and denied loans.
Yes. Baxter is a registered company, headquartered in ,, founded in 1980.
Membership approval and account opening typically takes 1-3 business days. Loan decisions are usually faster than traditional banks.
CreditDoc Diagnosis
Baxter Credit Union is best for Illinois residents within its service area who qualify for membership and seek a large, stable credit union offering traditional banking services including credit building and international remittances. The primary caveat is verifying membership eligibility upfront, as state-chartered credit unions typically restrict membership by geography or employment affiliation rather than serving the general public.
Public data from the Consumer Financial Protection Bureau
Source: consumerfinance.gov | Last checked 2026-04-06
Atlantic Union Bank is a regional bank offering personal and business checking, savings, lending, and wealth management services across multiple locations.
Best for: Small business owners and entrepreneurs seeking industry-specific banking solutions, Individuals seeking comprehensive personal banking with multiple checking account options
Financial Center First Credit Union is a federally insured credit union based in Indianapolis offering member-owned banking, loans, mortgages, and financial education.
Best for: Indiana residents seeking member-owned banking with federal deposit insurance, Auto loan borrowers in the Indianapolis/Muncie area seeking rates below market average
LendingClub is a digital marketplace bank offering personal loans up to $60,000, auto refinancing, and award-winning checking/savings accounts with no physical branches.
Best for: Borrowers with good-to-excellent credit seeking competitive personal loan rates, Credit card debt consolidators looking for fixed-rate alternatives
Answer 3 quick questions to see if this provider matches your needs.
1. What's your primary financial goal?
Your credit report contains the raw data behind your score. Learn what's in it, how to read it, and how to dispute errors that could be dragging your score down.
Read guide →Klarna, Afterpay, Affirm — they make spending easy. But what happens to your credit score when you use them? Here's what the fine print doesn't tell you.
Read guide →Learn what makes up your credit score, how it's calculated, what the ranges mean, and how to check yours for free.
Read guide →Affiliate Disclosure: CreditDoc may earn a commission when you click links to Baxter and other services. These commissions help us maintain our free research. Our editorial team independently evaluates all services. Compensation does not influence our ratings or rankings. Learn more.