Website Unavailable
This company's website appears to be offline or no longer operational. The company may have closed or moved to a different address.
No stored Google rating available.
Memphis-based credit union serving employees of CN Railroad, Illinois Central Railroad, and Amtrak since 1932. Offers savings, loans, mobile banking, and retirement accounts.
Data compiled from public sources
CN/IC Employees Credit Union was established in 1932 to serve a specific, defined membership: employees of CN Railroad, Illinois Central Railroad, and Amtrak. The credit union operates from its headquarters in Memphis, Tennessee, and maintains a member-owned, cooperative structure typical of credit unions. Over nine decades, it has positioned itself as a listed financial institution for railroad employees seeking accessible banking services.
The credit union offers a comprehensive range of standard banking services including regular savings accounts (minimum $25), certificate accounts (6/12/24-month terms, minimum $500), and multiple IRA account types (Traditional, Roth, Coverdell Educational). Members can access loans, credit and debit cards, travel and gift cards, and share drafts (checking) accounts. The institution provides mobile banking through the CNICECU app available on iOS, Android, and iPad, enabling balance viewing, fund transfers, loan payments, and transaction searches.
Shared branching and ATM access are available, along with miscellaneous financial services. What distinguishes CN/IC Employees Credit Union is its highly listed field of membership—limited to railroad industry employees and their families. This focused membership base allows the credit union to tailor products specifically for its members and maintain deep community relationships within the railroad employee community.
" Their slogan "All Aboard the Savings Train" reflects their railroad heritage and brand identity. The primary limitation is accessibility: membership is restricted to employees of specific railroad companies and their families. Website content is dated (deposit rates last updated 04/01/2019), which raises questions about current rate competitiveness and service evolution.
m. CST, which may not accommodate members with non-traditional schedules. The institution appears to prioritize stability and traditional banking over digital innovation, though mobile banking is offered.
This is state-level context for Credit Unions consumers in Memphis, TN. It does not confirm that CN/IC EMPLOYEES CREDIT UNION or this specific location is licensed.
State regulator
Tennessee Department of Financial Institutions
Consumer protection
Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.
CN/IC EMPLOYEES CREDIT UNION offers 12 services including Regular Share (Savings) Accounts with $25 minimum and quarterly dividend payments, Certificate Share (Savings) Accounts with 6, 12, or 24-month terms and $500 minimum, Traditional IRA accounts with $500 minimum and 12-month terms, Roth IRA accounts with $500 minimum and 12-month terms, Coverdell Educational IRA accounts for education savings, and 7 more.
CN/IC EMPLOYEES CREDIT UNION has profile signals associated with Employees of CN Railroad, Illinois Central Railroad, or Amtrak seeking stable, member-owned banking, Railroad industry workers interested in IRAs and retirement planning with personalized service, Members prioritizing community-focused banking over digital-first fintech solutions, Long-term savers with funds designated for specific goals (education, vacation, emergency reserves).
Key strengths: Membership restriction ensures a tight-knit community focused on railroad employees' specific financial needs; Low savings account minimum ($25) makes membership accessible to members starting their savings journey; Multiple retirement account options (Traditional, Roth, Coverdell Educational IRAs) with 12-month terms. Areas to consider: Severely restricted field of membership—only employees of CN Railroad, Illinois Central Railroad, and Amtrak qualify; applicants must verify employer eligibility; Deposit rates last updated April 1, 2019, raising concerns about current competitiveness and whether rates are actively maintained.
In the Credit Unions category, comparable providers include Dixie Line Credit Union, FAA Federal Credit Union Center (not open to public), Firefighters First Credit Union - Memphis. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.
CreditDoc Profile Note
CN/IC Employees Credit Union is profile signals for current or former employees of CN Railroad, Illinois Central Railroad, or Amtrak who value member ownership, personalized service, and traditional banking products over digital innovation. The main caveat is that membership eligibility is strictly gatekept to specific railroad employers—those outside these companies cannot join, making it inaccessible to the general public despite offering solid financial products.
Dixie Line Credit Union is a Nashville, TN not-for-profit credit union founded in 1932, serving 1,200+ members with savings, checking, and loan products.
Profile signals: Nashville-area residents eligible for membership seeking low-cost community banking, Members wanting vehicle, boat, RV, or ATV financing with a nonprofit lender
FAA Federal Credit Union is a member-owned financial cooperative offering checking, savings, loans, and credit cards with digital banking services and vehicle financing tools.
Profile signals: Eligible credit union members seeking comprehensive banking services with digital-first access, Members interested in vehicle financing with integrated shopping tools for autos, boats, motorcycles, and RVs
Firefighters First Credit Union is a Memphis-based financial institution serving firefighters and their families with membership-based banking and business services.
Profile signals: Firefighters and emergency responders seeking membership-based banking with community focus, Small business owners within firefighter community needing business banking and credit cards
Answer 3 quick questions to review category, service, and profile context.
1. What's your primary financial goal?
A plain-English breakdown of every credit score range — what each number actually means for your loans, cards, and daily life, plus exactly what to do about yours.
Read guide →A plain-English breakdown of what credit products, loans, and cards you can realistically get at every credit score level — from deep subprime to excellent.
Read guide →Learn exactly how to check your credit score for free using legitimate sources, understand the difference between soft and hard inquiries, and know your rights under federal law.
Read guide →Affiliate Disclosure: CreditDoc may earn a commission when you click links to CN/IC EMPLOYEES CREDIT UNION and other services. These commissions help us maintain our free research. Compensation does not determine whether a provider can be covered; visible star ratings use stored Google review ratings when available. Learn more.