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Oak Lawn Municipal Employees Credit Union

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Oak Lawn Municipal Employees Credit Union Rates & Review April 2026

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Oak Lawn Municipal Employees 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: April 23, 2026

You can compare Oak Lawn Municipal Employees Credit Union rates to other rates in our database, including 12-month share certificate rates currently at 1.76%, 6-month share certificate rates at 2.53% and 3-month share certificate rates at 0.05%. Savings rates are at 0.30% and money market rates are at 0.10%. Mortgage rates on 30-year fixed loans are around 5.97%. All these rates can be compared to Oak Lawn Municipal Employees Credit Union rates. MonitorBankRates evaluates the financial stability of Oak Lawn Municipal Employees Credit Union with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 2.50%. Rates were last updated on 04/23/2026.

Oak Lawn Municipal Employees 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 Oak Lawn Municipal Employees Credit Union? Share your experience about Oak Lawn Municipal Employees Credit Union by leaving a review below, or read customer reviews before you decide to use Oak Lawn Municipal Employees Credit Union.

Overall Health & Safety Grade

A+

Exceptional Health Score: 99/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

2.50%

Excellent Lower than avg

Oak Lawn Municipal Employees Credit Union
OAK LAWN MUN EMP C U

9446 RAYMOND AVE
OAK LAWN, IL 60453

https://olmecu.virtualcu.net/

Current Rate Availability

We do not have Oak Lawn Municipal Employees 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 Oak Lawn Municipal Employees 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 Oak Lawn Municipal Employees 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 Oak Lawn Municipal Employees Credit Union's official website for the most current offers and terms.

Credit Union Profile & Overview

Credit Union Name Oak Lawn Municipal Employees Credit Union

Website https://olmecu.virtualcu.net/

Address 9446 RAYMOND AVE, OAK LAWN, IL 60453

Phone 708-636-0470

Fax 708-636-5303

President STEVE BARRETT

CEO CHRISTINE EGAN

Full-Time Employees 0

Part-Time Employees 3

Branch Locations 1

ATM Locations 0

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

Financials

MonitorBankRates Star Rating

5.0 / 5.0 ★

Overall Health & Safety Grade

A+ (99/100)

Texas Ratio

2.50%

Return on Assets (ROA)

0.7412%

Return on Equity (ROE)

5.2081%

Non-Performing Loans Ratio (NPL)

0.62%

Total Assets

4,507,449

Total Amount of Shares and Deposits

3,863,290

Total Shares and Deposits < 1 Year

3,863,290

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

3,863,290

Total Interest Expense (Sum of items 6 8)

21,024

Number of Accounts for Regular Shares

822

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

39,613

Total Cash on Deposit (Amounts Deposited in Financial Institutions)

475,274

Total Liabilities

3,865,923

Source: NCUA — Last Updated 09/30/2025

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Frequently Asked Questions About Oak Lawn Municipal Employees Credit Union

Is Oak Lawn Municipal Employees Credit Union a safe place to deposit money?

Yes, Oak Lawn Municipal Employees Credit Union is considered a safe financial institution. With a Texas Ratio of 2.5018500028462%, the institution's financial health is rated as excellent. Your accounts are federally insured by the NCUA (National Credit Union Administration) up to $250,000 per depositor, for each account ownership category.

How many branches does Oak Lawn Municipal Employees Credit Union operate?

Oak Lawn Municipal Employees 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 Oak Lawn Municipal Employees Credit Union?

Yes, to access services at Oak Lawn Municipal Employees 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, Oak Lawn Municipal Employees 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, Oak Lawn Municipal Employees Credit Union provides members with tools to manage their accounts and build a solid financial history.

Does Oak Lawn Municipal Employees Credit Union offer online and mobile banking?

Most modern institutions like Oak Lawn Municipal Employees 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://olmecu.virtualcu.net/.