Credit Union
Loyola University Employees Federal Credit Union Merger with Credit Union 1
A credit union is a unique financial institution that is subject to the same regulations as a bank. Formed by a group of people with a common link, like their profession or place of work, a credit union is run by its members. The initial capital to start the credit union comes from the founding members who pool their own money as savings and make low-cost loans to each other.
Credit Union Merger
Loyola University Employees Federal Credit Union (LUEFCU) has merged with Credit Union 1 (CU1), expanding banking options for members with enhanced digital tools and access to a larger network of branches and ATMs.
***For the most up-to-date information on the merger and step-by-step guidance, visit the Credit Union 1 merger page: https://www.creditunion1.org/about/mergers/luefcu/ ***
Members should have received mail notification about the merger as well as a welcome packet from Credit Union 1 with important information about their new account and services.
As part of the transition, new Credit Union 1 debit cards will be mailed to members’ homes beginning March 11, 2026. The Loyola Maywood credit union branch will close permanently at 3:00 p.m. on March 27, 2026, and LUEFCU debit cards will be deactivated on March 31, 2026, at which time members should begin using their new Credit Union 1 debit cards.
⚠️ Key Member Action Dates
Members should be aware of the following important transition dates:
- March 11, 2026 – New Credit Union 1 debit cards will be mailed to members’ homes.
- March 27, 2026 – The Loyola Maywood Credit Union branch will close permanently at 3:00 p.m.
- March 31, 2026 – LUEFCU debit cards will be deactivated, and members should begin using their new Credit Union 1 debit cards.
Members should review the welcome packet mailed by Credit Union 1 and prepare to update any automatic payments, direct deposits, or payroll deductions once their new account information becomes available.
⚠️ Employees Depositing Their LUC Paychecks into a Credit Union Account
Loyola employees who currently have their Loyola University Chicago paycheck deposited into their Credit Union Account must update the Credit Union Banking Account information in Employee Self-Service once their new Credit Union 1 account details are available. All banking account updates for direct deposit of pay must be completed in Employee Self Service (ESS) at https://ess.luc.edu/ .
💻 Member Information Webinars
Credit Union 1 will host two informational webinars for members to learn more about the transition and ask questions.
Members are encouraged to attend one of these sessions to understand the upcoming changes and available services better.
🔑 Accessing New Account Information
Employees will not have access to their new Credit Union 1 account and routing numbers until April 2, 2026. Only after this date will members be able to register for their accounts, view their new account information, and begin using Credit Union 1 digital banking.
Until then, members should:
- Continue using their LUEFCU accounts and debit cards (active until March 31, 2026).
- Review the welcome packet mailed by Credit Union 1 for instructions and important information.
- Prepare to update any direct deposits, automatic payments, or other payment information once the new account details are available.
For the most up-to-date information on the merger and step-by-step guidance, visit the Credit Union 1 merger page: https://www.creditunion1.org/about/mergers/luefcu/
What Members Need to Do
- Review the welcome materials mailed by Credit Union 1 for important details about your new account.
- Begin using your new Credit Union 1 debit card once your LUEFCU card is deactivated.
- Update any automatic payments or direct deposits connected to your credit union account once your new account information is available.
- Loyola employees whose Loyola University Chicago paycheck is deposited into their Credit Union Account must update the Credit Union Banking Account information in Employee Self-Service at ess.luc.edu after receiving their new account details.
What to Expect
- LUEFCU debit cards will be deactivated during the system conversion, and members will begin using their new Credit Union 1 debit cards.
- Members will transition to Credit Union 1 digital banking and begin using their new account and routing numbers.
- Members will gain access to expanded banking services, digital tools, and a broader branch and ATM network.
Merger Timeline
- July 16, 2025 – Members approved the merger
- November 30, 2025 – Legal merger completed
- March 11, 2026 – New Credit Union 1 debit cards mailed to members’ homes
- March 27, 2026 – Loyola Maywood branch closes permanently at 3:00 p.m.
- March 31, 2026 – LUEFCU debit cards will be deactivated, and members will begin using their new Credit Union 1 debit cards
- April 1, 2026 – Members begin using Credit Union 1 digital banking and access new account information
Credit Union 1 Membership
Credit Union 1 Membership
As a Credit Union 1 member, you will be part of a premier financial institution. We strive to exceed your expectations in delivering innovative financial solutions. Credit Union 1 is here to help you achieve your maximum economic potential.
- You will be a member-owner, not just a random person with an account number.
- You will have a voice in how the credit union is run.
- We focus on financial stability and serving our members, not profits.
- Personal attention is given to members’ needs.
- Access to 5,000+ branches and 90,000 surcharge-free ATMs across the country through the Allpoint and CO-OP Networks.
- We have lower fees than banks
Joining Credit Union 1 is Easy!
- Be eligible within our field of membership
- One time, $5 membership fee
- $5 initial account deposit
- Valid Government Issued ID
- Joint/Beneficiary Information
- Complete online application
Starting April 2nd you can direct your membership questions to CU1 Member Solutions Department.
Services
- High-Yield Checking and Savings Account
- Checking and Savings Accounts
- Free Digital Banking & Online Bill Pay
- Free Checking with no Monthly Maintenance Fees
- CU1 Debit Card with Secure Chip Technology
- Auto, Home Equity, Personal, and Mortgage Loans
- CD and IRA
- Mobile Banking for Apple and Android Users
Loan Options
- Mortgage
- Auto
- Home Equity
Discounts
- Concert Tickets
- Visa Credit Card and Free Transfers
Contact Information
Loyola University Employees Federal Credit Union:
2160 South First Avenue
Maguire Center
Maywood, IL 60153
This Office will permanently close on 3.27.2026 at 3pm
Phone: 708.216.4500
Fax: 708.216.6546
Credit Union 1
After April 1st, 2026 please direct your questions to Credit Union 1.
Access Credit Union 1: Contact and FAQs
General Support: (800) 252-6950
Loyola University Employees Federal Credit Union Merger with Credit Union 1
A credit union is a unique financial institution that is subject to the same regulations as a bank. Formed by a group of people with a common link, like their profession or place of work, a credit union is run by its members. The initial capital to start the credit union comes from the founding members who pool their own money as savings and make low-cost loans to each other.
Credit Union Merger
Loyola University Employees Federal Credit Union (LUEFCU) has merged with Credit Union 1 (CU1), expanding banking options for members with enhanced digital tools and access to a larger network of branches and ATMs.
***For the most up-to-date information on the merger and step-by-step guidance, visit the Credit Union 1 merger page: https://www.creditunion1.org/about/mergers/luefcu/ ***
Members should have received mail notification about the merger as well as a welcome packet from Credit Union 1 with important information about their new account and services.
As part of the transition, new Credit Union 1 debit cards will be mailed to members’ homes beginning March 11, 2026. The Loyola Maywood credit union branch will close permanently at 3:00 p.m. on March 27, 2026, and LUEFCU debit cards will be deactivated on March 31, 2026, at which time members should begin using their new Credit Union 1 debit cards.
⚠️ Key Member Action Dates
Members should be aware of the following important transition dates:
- March 11, 2026 – New Credit Union 1 debit cards will be mailed to members’ homes.
- March 27, 2026 – The Loyola Maywood Credit Union branch will close permanently at 3:00 p.m.
- March 31, 2026 – LUEFCU debit cards will be deactivated, and members should begin using their new Credit Union 1 debit cards.
Members should review the welcome packet mailed by Credit Union 1 and prepare to update any automatic payments, direct deposits, or payroll deductions once their new account information becomes available.
⚠️ Employees Depositing Their LUC Paychecks into a Credit Union Account
Loyola employees who currently have their Loyola University Chicago paycheck deposited into their Credit Union Account must update the Credit Union Banking Account information in Employee Self-Service once their new Credit Union 1 account details are available. All banking account updates for direct deposit of pay must be completed in Employee Self Service (ESS) at https://ess.luc.edu/ .
💻 Member Information Webinars
Credit Union 1 will host two informational webinars for members to learn more about the transition and ask questions.
Members are encouraged to attend one of these sessions to understand the upcoming changes and available services better.
🔑 Accessing New Account Information
Employees will not have access to their new Credit Union 1 account and routing numbers until April 2, 2026. Only after this date will members be able to register for their accounts, view their new account information, and begin using Credit Union 1 digital banking.
Until then, members should:
- Continue using their LUEFCU accounts and debit cards (active until March 31, 2026).
- Review the welcome packet mailed by Credit Union 1 for instructions and important information.
- Prepare to update any direct deposits, automatic payments, or other payment information once the new account details are available.
For the most up-to-date information on the merger and step-by-step guidance, visit the Credit Union 1 merger page: https://www.creditunion1.org/about/mergers/luefcu/
What Members Need to Do
- Review the welcome materials mailed by Credit Union 1 for important details about your new account.
- Begin using your new Credit Union 1 debit card once your LUEFCU card is deactivated.
- Update any automatic payments or direct deposits connected to your credit union account once your new account information is available.
- Loyola employees whose Loyola University Chicago paycheck is deposited into their Credit Union Account must update the Credit Union Banking Account information in Employee Self-Service at ess.luc.edu after receiving their new account details.
What to Expect
- LUEFCU debit cards will be deactivated during the system conversion, and members will begin using their new Credit Union 1 debit cards.
- Members will transition to Credit Union 1 digital banking and begin using their new account and routing numbers.
- Members will gain access to expanded banking services, digital tools, and a broader branch and ATM network.
Merger Timeline
- July 16, 2025 – Members approved the merger
- November 30, 2025 – Legal merger completed
- March 11, 2026 – New Credit Union 1 debit cards mailed to members’ homes
- March 27, 2026 – Loyola Maywood branch closes permanently at 3:00 p.m.
- March 31, 2026 – LUEFCU debit cards will be deactivated, and members will begin using their new Credit Union 1 debit cards
- April 1, 2026 – Members begin using Credit Union 1 digital banking and access new account information