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Encurage Financial Network Credit Union

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Encurage Financial Network Credit Union Rates & Review May 2026

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Encurage Financial Network Credit Union provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated: May 15, 2026

You can compare Encurage Financial Network Credit Union rates to other rates in our database, including 12-month share certificate rates currently at 3.00%, 6-month share certificate rates at 0.10% and 3-month share certificate rates at 2.52%. Savings rates are at 0.10% and money market rates are at 0.15%. Mortgage rates on 30-year fixed loans are around 5.89%. All these rates can be compared to Encurage Financial Network Credit Union rates. MonitorBankRates evaluates the financial stability of Encurage Financial Network Credit Union with a 4.9 Star Rating, an A Overall Health Grade, and a Texas Ratio of 10.21%. Rates were last updated on 05/15/2026.

Encurage Financial Network Credit Union money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Encurage Financial Network Credit Union? Share your experience about Encurage Financial Network Credit Union by leaving a review below, or read customer reviews before you decide to use Encurage Financial Network Credit Union.

Verified Healthy Use This Badge on Your Credit Union Website

Overall Health & Safety Grade

Excellent Health Score: 94/100

MonitorBankRates Rating

4.9

Exceptional Out of 5.0 Stars

Texas Ratio

10.21%

Excellent Higher than avg

Encurage Financial Network Credit Union
encurage HQ

8430 W Bryn Mawr Ave
Chicago, IL 60631

https://www.firstfcu.orghttps://www.firstfcu.org/encurage

Current Rate Availability

We do not have Encurage Financial Network Credit Union rates right now, but we are constantly updating our database so check back often for updated rates.

Methodology & Data Sources

MonitorBankRates Star Rating

Our rating for Encurage Financial Network Credit Union is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.

Texas Ratio

We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation

We gather Encurage Financial Network Credit Union rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Encurage Financial Network Credit Union's official website for the most current offers and terms.

Credit Union Profile & Overview

Credit Union Name Encurage Financial Network Credit Union

Website https://www.firstfcu.orghttps://www.firstfcu.org/encurage

Address 8430 W Bryn Mawr Ave, Chicago, IL 60631

Phone 847-676-8000

Fax

President WILLIAM HARLAN

CEO MICHAEL ABRAHAM

Full-Time Employees 27

Part-Time Employees 8

Branch Locations 5

ATM Locations 4

NCUA Insured ✓ Yes — Up to $250,000 per depositor

Financials

MonitorBankRates Star Rating

4.9 / 5.0 ★

Overall Health & Safety Grade

A (94/100)

Texas Ratio

10.21%

Return on Assets (ROA)

-0.3217%

Return on Equity (ROE)

-4.6330%

Non-Performing Loans Ratio (NPL)

0.81%

Total Assets

221,723,549

Total Amount of Shares and Deposits

156,690,115

Total Shares and Deposits < 1 Year

114,159,127

Total Shares and Deposits 1 3 Years

26,784,440

Total Shares and Deposits > 3 Years

15,746,548

Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)

8,984,972

Total Uninsured Shares and Deposits > $250K (F+J)

8,984,972

Total Insured Shares and Deposits > $250K (item 17 less item K)

147,705,143

Total Interest Expense (Sum of items 6 8)

1,746,172

Share Certificates

1,008

Number of Accounts for Share Drafts

3,521

IRA KEOGH Accounts

199

Number of Accounts for Regular Shares

15,982

All other shares

349

Non Member Deposits

112

Money Market Shares

363

Net Income (unless the amount is already included in Undivided Earnings)

-713,263

Total Cash on Deposit (Amounts Deposited in Financial Institutions)

801,060

Total Liabilities

212,345,495

Source: NCUA — Last Updated 03/31/2024

2026 MBR Health & Safety Badge

Encurage Financial Network Credit Union earned the Verified Healthy badge

Display this badge on your website to show visitors your 2026 MonitorBankRates recognition. The badge links back to this profile page for independent verification.

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Frequently Asked Questions About Encurage Financial Network Credit Union

How many branches does Encurage Financial Network Credit Union operate?

Encurage Financial Network Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is a member application needed to join Encurage Financial Network Credit Union?

Yes, to access services at Encurage Financial Network Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Is there a first-time homebuyer program?

Currently, Encurage Financial Network Credit Union does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Encurage Financial Network Credit Union provides members with tools to manage their accounts and build a solid financial history.

Does Encurage Financial Network Credit Union offer online and mobile banking?

Most modern institutions like Encurage Financial Network Credit Union provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.firstfcu.orghttps://www.firstfcu.org/encurage.