No stored Google rating available.
CN/IC Employees Credit Union is a Memphis-based member-owned credit union serving railroad and Amtrak employees since 1932, offering savings, loans, and retirement accounts.
Data compiled from public sources
CN/IC Employees Credit Union has operated since 1932 as a not-for-profit, member-owned financial cooperative specifically serving employees of CN Railroad, Illinois Central Railroad, and Amtrak. The credit union is headquartered in Memphis, Tennessee, located 10 minutes from Harrison Yard, and maintains NCUA insurance protection for member deposits. The organization's mission centers on improving members' quality of life through sound financial practices delivered in an efficient, convenient, and friendly manner.
The credit union offers a comprehensive suite of financial products tailored to its membership base. Services include regular share savings accounts (minimum $25), certificate share accounts with 6-, 12-, or 24-month terms (minimum $500), and multiple IRA options including Traditional, Roth, and Coverdell Educational accounts. Members can access draft accounts (checking), credit and debit cards, travel and gift cards, and various loan products. The organization provides shared branching and ATM access through cooperative networks, online banking, and a mobile app (CNICECU) available on iOS and Android platforms. Members can view balances, transfer funds, pay loans, and track transactions through digital channels.
CN/IC Employees Credit Union distinguishes itself through its exclusive field of membership tied to specific employers—CN Railroad, Illinois Central Railroad, and Amtrak—creating a tight-knit community of railroad industry professionals. The organization actively seeks to expand membership by encouraging employers not currently offering credit union benefits to add the program to their employee packages. Membership requires employer affiliation, and the credit union offers Working Advantage discounts as a member benefit. The credit union's long operational history (94 years as of 2026) demonstrates stability and institutional knowledge in serving transportation industry workers.
While the credit union provides accessible financial services with low account minimums and reasonable certificate requirements, potential members face a significant limitation: membership eligibility is restricted to employees of CN Railroad, Illinois Central Railroad, and Amtrak. This makes the institution unavailable to the general public or employees of other industries. The website does not display current interest rates or dividend rates on savings products (the deposit rates table referenced is from April 2019, now substantially outdated). Limited operational hours (Monday-Friday, 9 a.m.–4:30 p.m. CST) and a single physical location may restrict access for geographically distant members, though shared branching and digital services partially offset this limitation.
This is state-level context for Credit Unions consumers in Memphis, TN. It does not confirm that Cn/Ic Employees 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 offers 14 services including Regular Share (Savings) Accounts with $25 minimum balance and quarterly dividend payments, Certificate Share Accounts with 6-, 12-, or 24-month terms, minimum $500, dividends at maturity, Traditional IRA Share Accounts with 12-month terms and penalty for early withdrawal, Roth IRA Share Accounts for after-tax retirement savings, Coverdell Educational IRA Accounts for education-specific retirement savings, and 9 more.
Cn/Ic Employees has profile signals associated with Current and retired employees of CN Railroad, Illinois Central Railroad, and Amtrak seeking member-owned financial services, Transportation industry workers seeking long-term retirement savings with multiple IRA account structures, Employees of eligible railroads seeking lower-cost checking and savings alternatives to traditional for-profit banks.
Key strengths: Low minimum balance requirements: $25 for regular savings accounts, maintaining membership affordability; Multiple retirement account options including Traditional, Roth, and Coverdell Educational IRAs for tax-advantaged retirement savings; Member-owned, not-for-profit structure returns earnings to members and avoids shareholder profit extraction. Areas to consider: Membership restricted to employees of CN Railroad, Illinois Central Railroad, and Amtrak only—not available to general public; Deposit rate table on website is from April 2019 (outdated by 5+ years), making current rates unavailable online.
In the Credit Unions category, comparable providers include Alcoa Tenn, Appliance, Ascend. 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 and retired employees of CN Railroad, Illinois Central Railroad, and Amtrak seeking member-owned credit union services with competitive savings products and retirement account options. The primary caveat is that membership is strictly limited to eligible railroad and Amtrak employees—the general public cannot join—and prospective members should verify current interest rates directly with the credit union rather than relying on the outdated rates on the website.
Alcoa Tenn Federal Credit Union is a member-owned, NCUA-insured financial institution serving Blount, Loudon, and Monroe Counties in Tennessee with over 90 years of history.
Profile signals: Tennessee residents in Blount, Loudon, or Monroe Counties seeking community-based financial services, Members prioritizing deposit safety and NCUA federal insurance protection
Appliance Credit Union is a member-owned financial institution offering checking, savings, loans, and credit cards with 24/7 digital access via mobile app and online banking.
Profile signals: Credit union members seeking integrated digital and branch banking with strong mobile access, Borrowers needing vehicle, personal, or mortgage loans from a member-owned institution
Ascend Federal Credit Union is a not-for-profit credit union offering checking, savings, loans, credit cards, and business services with rate claims to verify and member-focused benefits.
Profile signals: Eligible employees of Ascend's partner organizations seeking rate claims to verify on deposits and loans, Consumers prioritizing high-yield checking and savings rates over branch network size
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 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.