Israel Methcomm logo

Israel Methcomm in Chicago, IL

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Israel Methcomm Federal Credit Union is a member-owned, not-for-profit credit union serving the Chicago community with NCUA insurance protection and traditional credit union services.

Data compiled from public sources

Israel Methcomm Review

Israel Methcomm Federal Credit Union is a federally chartered, member-owned credit union operating as a not-for-profit financial institution. Based on the available website information, the organization maintains its main office in Chicago, Illinois, and is registered with the National Credit Union Service Organization (NCUSO), indicating NCUA insurance coverage for member deposits. The credit union serves a specific membership base in the Chicago metropolitan area.

As a federal credit union, Israel Methcomm offers traditional credit union products and services typical of member-owned financial institutions, including share accounts (savings), share certificates, and personal asset loans. The organization operates through a physical branch network, with members able to access services at their main office location on South Cottage Grove Avenue. The credit union can be contacted directly for details about specific products, rates, and membership eligibility requirements.

What distinguishes Israel Methcomm as a credit union is its not-for-profit, member-owned structure, which means any profits are theoretically returned to members rather than shareholders. The organization holds federal credit union status and NCUA insurance protection, providing regulatory oversight and deposit security. The specific membership field of membership and any listed lending programs are not detailed in the available public information.

Prospective members should contact the credit union directly to confirm current membership eligibility, available loan products, interest rates on savings and certificates, and any membership fees. The limited public information available online suggests conducting a direct phone consultation at (773) 483-1131 is necessary to fully understand the scope of services, lending terms, and whether membership requirements align with your situation.

Services & Features

Credit union membership
In-person banking at main office branch
Member account services
NCUA-insured deposit accounts
Personal asset loans
Phone-based customer service
Share accounts (savings accounts)
Share certificates (certificate of deposit equivalent)

Feature Checklist

Mobile App
Online Portal
Score Tracking
Credit Education
Personal Advisor
Identity Theft Protection

Pros & Cons

Pros

  • NCUA-insured institution providing federal deposit insurance protection for member accounts
  • Not-for-profit structure means earnings are returned to members rather than external shareholders
  • Member-owned governance allows members to have a voice in institutional decisions
  • Federal credit union status provides regulatory oversight and stability
  • Physical branch location in Chicago accessible for in-person service and account management
  • Direct phone support available at (773) 483-1131 for member inquiries
  • Established presence in Chicago community with registered NCUSO membership

Cons

  • Limited publicly available information about specific loan products, rates, and terms online
  • Membership eligibility requirements not clearly stated on public pages
  • No online service details or digital banking capabilities mentioned in available website content
  • Requires direct phone contact for basic product and service information
  • No information about whether institution serves broader geographic area beyond Chicago location

State Consumer Finance Context

This is state-level context for Credit Unions consumers in Chicago, IL. It does not confirm that Israel Methcomm or this specific location is licensed.

State regulator

Illinois Department of Financial and Professional Regulation

Key state rules to check

  • The Predatory Loan Prevention Act (2021) caps all consumer loans at 36% APR including fees.
  • Traditional payday loans are effectively eliminated due to the 36% cap.
  • The Consumer Installment Loan Act regulates installment lending with additional protections.

Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.

Frequently Asked Questions

What services does Israel Methcomm offer?

Israel Methcomm offers 8 services including Share accounts (savings accounts), Share certificates (certificate of deposit equivalent), Personal asset loans, Member account services, In-person banking at main office branch, and 3 more.

What profile signals are listed for Israel Methcomm?

Israel Methcomm has profile signals associated with Chicago-area residents eligible for membership seeking NCUA-insured savings accounts, Individuals preferring member-owned, not-for-profit financial institutions over banks, Members seeking traditional credit union personal loans and share certificate products.

What are the strengths and weaknesses of Israel Methcomm?

Key strengths: NCUA-insured institution providing federal deposit insurance protection for member accounts; Not-for-profit structure means earnings are returned to members rather than external shareholders; Member-owned governance allows members to have a voice in institutional decisions. Areas to consider: Limited publicly available information about specific loan products, rates, and terms online; Membership eligibility requirements not clearly stated on public pages.

How does Israel Methcomm compare to similar companies?

In the Credit Unions category, comparable providers include Chicago Avenue Garage Federal Credit Union, Chicago Firefighters Credit Union, Credit Union 1. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.

Quick Facts

Founded
1963
Headquarters
Chicago, IL
BBB Accredited
No
Certifications
NCUA Insured Charter #15673
Visit Israel Methcomm

CreditDoc Profile Note

Research Note on Israel Methcomm

Israel Methcomm Federal Credit Union is profile signals for Chicago-area residents seeking a member-owned, NCUA-insured alternative to traditional banks with traditional credit union products. However, the main caveat is that very limited service details are publicly available; prospective members must contact the credit union directly at (773) 483-1131 to confirm membership eligibility, specific loan products, rates, and terms.

Profile Signals

  • Chicago-area residents eligible for membership seeking NCUA-insured savings accounts
  • Individuals preferring member-owned, not-for-profit financial institutions over banks
  • Members seeking traditional credit union personal loans and share certificate products
Updated 2026-05-14

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Quick Summary

  • Israel Methcomm is listed as a Credit Unions provider in Chicago, IL on CreditDoc.
  • Use this page to check contact details, location, listed services, review signals, FAQs, and similar providers before deciding what to do next.
  • If you need a loan, account, installment option, credit help, or debt support, start with the fit quiz and compare alternatives before contacting a provider.
  • For broader context, continue into the free Credit Fundamentals course or a relevant financial wellness guide.

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