News & Events

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2022 News and Events



August 8, 2022
BCU Earns Trio of MAC Awards for Creative Marketing Initiatives

BCU takes home back-to-back design awards in recognition of its Marketing deliverables at the annual Marketing Association of Credit Unions (MAC) Awards. Winning gold and bronze awards in the Annual Reports and Business Development categories for institutions $1B and greater, each project captures BCU’s purpose of Empowering People to Discover Financial Freedom. 

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July 27, 2022
BCU Launches Elevated Digital Banking Experience

BCU announced its partnership with Lumin Digital to provide an enhanced Digital Banking experience for members. This past Tuesday, July 19, 2022, the upgrade to the Credit Union’s online and mobile banking was rolled out to 300,000+ members, offering easier money movement, greater personalization, advanced security, faster navigation, and more.

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July 25, 2022
Remembering Chuck (Charles) Thurman

BCU is sad to share the news of former Board Chair, Chuck Thurman’s passing on July 10, 2022. “Chuck was passionate about doing what is right for the member and keeping the focus on BCU employees,” said friend, and BCU President and CEO Mike Valentine.

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June 28, 2022
BCU Invests in Financial Well-Being, Creating the Life. Money. You.® LLC

BCU is pleased to announce the evolution of its home-grown financial well-being program, Life. Money. You.® (LMY), into a Credit Union Service Organization (CUSO).

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June 15, 2022
BCU Expands Community Reach with New Libertyville Branch

BCU opened their newest community Branch in downtown Libertyville, IL, just down the road from their Vernon Hills headquarters. The new Branch brings convenient access and best-in-class financial products and well-being services to those who live and work in the surrounding community.

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June 14, 2022
BCU Partners with Celebrity Financial Educator, Tiffany Aliche - "The Budgetnista"

BCU is pleased to announce its latest financial well-being partnership with celebrity financial educator, author and activist Tiffany Aliche, a/k/a “The Budgetnista.” Through this collaboration, BCU members, eligible non-members and Company Partners will be Empowered to Discover Financial Freedom and benefit from even more financial education opportunities.

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April 19, 2022
BCU Celebrates Expansion of Añasco, Puerto Rico Office

On March 23, 2022, BCU celebrated the expansion of its Bianca facility in Añasco, Puerto Rico. With over 35 years of history on the island and having grown at a rapid pace over the last several years, an expansion of the Credit Union’s central Puerto Rico office was necessary to better serve members.

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April 6, 2022
BCU President and CEO Mike Valentine Part of Compassionate Leadership Movement

BCU President and CEO Mike Valentine’s charismatic and empathetic leadership style has continually guided him, and BCU, to tremendous success.

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March 30, 2022
BCU Among Early Contributors to the National Credit Union Foundation FinHealth Fund

In January, The National Credit Union Foundation announced its FinHealth Fund – a fund designated for improving financial well-being for all by scaling existing work across the credit union movement.

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March 23, 2022
BCU’s Women in Leadership: Being Empowered to Empower

As women continue to break boundaries across the corporate landscape, particularly in the credit union space, BCU is proud to celebrate the leaders who are doing just that. Nine of BCU’s women in leadership shared their experiences on leadership, mentoring others and what it means to live BCU’s shared values.

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February 25, 2022
Visa, In Partnership With BCU, Awards Member In A Visa 2021 NFL Sweepstakes For BCU

Visa, in partnership with BCU, hosted the Visa 2021 NFL Sweepstakes for BCU, giving a member a chance to win the Grand Prize Trip package to attend Super Bowl LVI in Los Angeles. 

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February 10, 2022
BCU Partners With Cristo Rey High School For Win-Win Corporate Work Study Program

BCU recently partnered with Cristo Rey St. Martin College Prep High School in Waukegan, IL to participate in the school’s Corporate Work Study Program (CWSP) to help mentor and develop high school students.

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February 9, 2022
BCU Voted A Top Workplace In McHenry County 2021

Each year, BCU aims to uphold its long-standing reputation as an exceptional place to work, and to be recognized by Northwest Herald readers and McHenry County residents as a top workplace is a testimony to the Credit Union’s commitment to its employees. .

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February 1, 2022
BCU 's Promise "Here Today For Your Tomorrow" Takes on New Meaning With Green Energy Initiative

BCU’s Bianca Branch has gone green, installing solar panels on the rooftop of the newly-expanded branch after Hurricane Maria devastated Puerto Rico in 2017. Although, luckily, the building sustained no physical damage from the storm, electricity and fuel were hard to come by once the skies cleared.

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2021 News and Events


December 30, 2021
BCU Wealth Advisors Named a 2021 Top Director Award Recipient

Kehrer Bielan Research & Consulting today announced that BCU Wealth Advisors has been selected as a recipient of a 2021 Top Director Award for the outstanding performance of its investment services business. BCU Wealth Advisors chose to be honored collectively for the achievement.
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December 22, 2021
BCU Puts Member Financial Well-Being Over Short-Term Return With ODP Enhancements

On November 1, 2021, BCU increased their overdraft protection (ODP) negative grace balance from -$20 to -$100, saving members over $3.7M annually. This change is yet another step toward fulfilling their Purpose of Empowering People to Discover Financial Freedom.
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December 15, 2021
BCU Awards Member $1,981 To Commemorate 40th Anniversary Zelle® Launch

BCU recently partnered with Zelle® to offer its members a fast, safe and easy way to send and receive money with friends, family and eligible businesses they trust right within BCU’s existing Digital Banking platform.
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December 1, 2021
BCU Awards $88,500 in Scholarships to Undergraduate Students

Empowering People to Discover Financial Freedom is not just BCU’s purpose, it's also its passion. 2021 marks the eighth year that BCU is “Here Today For Your Tomorrow,” helping students explore what they're most passionate about – in school and beyond.
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November 9, 2021
BCU Celebrates $5B in Assets

BCU is proud to announce they have reached $5B in assets. The milestone comes less than two years after surpassing the $4B mark and was achieved during their 40th year, giving the Credit Union another opportunity to celebrate their success.
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November 4, 2021
Visa, in partnership with BCU, announces Gold, Silver and Bronze prize winners in the Visa Olympic Games Sweepstakes

Together, the winners received cash and prizes totaling $40,000, a sum which commemorates the Credit Union’s 40th anniversary.
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October 11, 2021
BCU Adds HCA Healthcare to Its Impressive List of Companies Served

Celebrating their 40th anniversary, BCU continues to be one of the fastest growing Credit Unions, remaining committed to providing an extraordinary financial well-being benefit to employees and families of America’s best workplaces, including Baxter Healthcare, Cardinal Health, Boston Scientific, Target, UnitedHealth Group, TeamHealth, Hillrom, BD, and GEICO.
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October 8, 2021
BCU Incentives New Savings Behavior

BCU’s purpose is to empower people to discover financial freedom. The Credit Union is able to help fullfill this passion by providing products, caring support and services that their members value, including financial well-being tools.
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October 4, 2021
BCU Announces New Partnership With Lumin Digital

BCU has announced a new partnership with Lumin Digital for its Digital Banking platform, in anticipation of elevating the digital experience for the Credit Union’s 300,000+ members in the summer of 2022.
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September 24, 2021
BCU Launches Zelle® In Its Digital Banking

BCU announced today that Zelle® is now live in digital banking. Zelle® is available in both online banking and the mobile app experience and enables convenient digital payments for BCU’s members.
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September 24, 2021
BCU Announces Winner Of $24K “PAY MY MORTGAGE” Sweepstakes

Congratulations are in order as BCU President and CEO, Mike Valentine, awards $24,000 to Vuth and Mary Ann, first-time homebuyers and winners of the $24k Pay My Mortgage Sweepstakes.
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September 23, 2021
Stephenie Southard Named CUNA's 2021 Professional Of The Year

BCU is pleased to announce that Vice President and Chief Information Security Officer Stephenie Southard was recently named CUNA’s 2021 Professional of the Year.
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August 13, 2021
BCU Celebrates Longtime Friend Jimbo Covert Induction to NFL Hall of Fame

It was an evening to remember as BCU celebrated its longtime friend and former Chicago Bear, James Paul “Jimbo” Covert, who was inducted into the NFL Hall of Fame on August 7, 2021.
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August 8, 2021
Remembering Vernon R. Loucks, Jr.

BCU extends our deepest sympathy to the family, friends, and loved ones of Vernon R. Loucks Jr., former CEO & Chairman of Baxter International, who sadly passed away on Sunday, August 8, 2021.
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July 28, 2021
BCU Celebrates Meaningful Double Mac Award Win

The Marketing Association of Credit Unions (MAC) has honored BCU with a silver award in the non-commercial video category and a bronze award in the community engagement category, recognizing the Credit Union’s creative marketing team at the annual conference in Denver, Colorado.
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July 12, 2021
BCU Takes Top Spot on COMPUTERWORLD List of 2021 Best Places To Work in IT

Insider Pro and Computerworld has announced BCU as the no. 1 small-size organization on its list of 2021 Best Places to Work in IT.
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June 24, 2021
BCU Teams Up With The Community Works To Provide Furniture Donation

BCU has donated gently used furniture from its recently decommissioned Naperville satellite office to The Community Works, a Waukegan-based minority-owned organization that provides lifetime career coaching and support services, including resume development and job application and networking support.
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April 20, 2021
BCU Awarded Designation of Savings Excellence by National Savings Program

This honor is reserved for financial institutions who displayed exceptional achievement during America Saves Week activities.
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April 5, 2021
Credit Union Industry Loses A Giant With Rex Johnson’s Passing

It's with great sadness that BCU announces the passing of our founding President & CEO, A. Rex Johnson. Rex passed away peacefully on Friday, April 2, 2021, surrounded by his loving family. He was 77 years old.
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February 5, 2021
BCU Members Surpass $1 Million in HomeAdvantage® Savings in 2020

Amid the economic challenges of 2020, BCU members celebrate over $1 million in cash rewards earned in 2020 and more than $5 million since the inception of the Credit Union’s partnership with the HomeAdvantage® program.

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February 2, 2021
CU CHRO/EVP Lisa Baron Named Crain's Chicago Business Notable Leader in HR 2021

Lisa’s extraordinary people-first commitment and compassionate leadership continues to be invaluable to our growth and success.
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January 8, 2021
BCU Gives Members Special Access to Innovative College Planning Tools

BCU, in partnership with Student Choice and Edmit, now provides members with special access to innovative planning tools and advising that will help student members and their families make smarter college financial decisions.
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2020 News and Events


December 1, 2020
BCU Receives $15,000 Grant from the FHLBC's Targeted Impact Fund

In light of economic challenges, BCU continues to find ways to provide COVID-related financial-relief to our community business members most impacted in 2020.
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October 7, 2020
BCU announced the election of William (Bill) F. Costa to its board of directors.

BCU announced the election of William (Bill) F. Costa to its board of directors.
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October 1, 2020
BCU Update from Mike Valentine, President & CEO

2020 has presented all of us with challenges beyond our imagination. At no point in this year has the message “we’re in this together” felt more meaningful than it does right now. 
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September 18, 2020
BCU Awards Over $75,000 In Scholarships To College Bound High School Seniors

BCU Awards Over $75,000 In Scholarships To College Bound High School Seniors.  In these challenging times, BCU proved its commitment to celebrating graduating high school seniors is stronger than ever, providing 30 scholarships in the total of $78,500 – the Credit Union’s biggest return yet.
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September 17, 2020
Thomas Hodson Retires From BCU Board of Directors After Four Decades of Service

Thomas Hodson Retires From BCU Board of Directors After Four Decades of Service
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September 9, 2020
BCU Delivers Successful Intern Program During Global Pandemic

BCU Delivers Successful Intern Program During Global Pandemic 

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July 1, 2020
BCU Named #1 Credit Union in Illinois and #5 in Minnesota by Forbes

For the second consecutive year, BCU has been named to the annual Forbes list of Best-In-State Credit Unions, ranking #1 in Illinois and #5 in Minnesota for 2020.
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June 19, 2020
Stronger Together

GFCU Member Vote Passes to Merge with BCU.
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April 13, 2020
BCU Rises To Challenge

Committing Over $9.5 Million of Relief in Response to the COVID-19 Pandemic.
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2019 News and Events


December 10, 2019
BCU Member Wins Once-in-a-Lifetime Shopping Spree in Credit Union Magic Minute™

A lucky BCU member enjoyed a “grab-all-you-can-in-60-seconds” shopping cart dash through a warehouse filled with free, high-end merchandise as part of the Credit Union Magic Minute™.
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December 1, 2019
TRENDING TOPIC: Is a Side Hustle Worth It?

Real BCU Employees. Real Life Advice.
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December 1, 2019
BCU Selected as Future Branches Innovator Finalist for Outstanding Branch Design

Worldwide Business Research (WBR), the world’s leading producer of B2B focused marketing events, has honored BCU with an inaugural Future Branches Innovator Award for Outstanding Branch Design at the annual conference in Austin, TX.
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November 22, 2019
Merger Planned for GEICO Federal Credit Union (GFCU) and Baxter Credit Union (BCU)

Nationwide credit unions, GEICO Federal Credit Union (GFCU), a $138 million credit union headquartered in Chevy Chase, MD, and Baxter Credit Union (BCU), a $3.8 billion credit union headquartered in Vernon Hills, IL, have announced their intent to merge, pending regulatory and member approvals. If approved, the combined credit union would serve more than 285,000 members across the US and Puerto Rico. The merger makes BCU the 55th largest credit union in the US.
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November 1, 2019
Jim Block Appointed BCU Executive Vice President, Chief Operating Officer

Previously serving as senior vice president and chief lending officer, Block’s expertise in operational excellence has been a driving force in providing extraordinary service to Credit Union members.
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October 21, 2019
BCU Receives CUNA Council Award for Excellence in Operations and Member Experience

The award was presented by the Credit Union National Association (CUNA) Operations and Member Experience Council at the Council’s 22nd annual conference in Chicago, IL.
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September 4, 2019
Al Nietzel, Corporate Executive, Elected to BCU Board of Directors

Al is a welcome addition to the board, bringing with him over three decades of extensive domestic and international experience across multiple industries.
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September 3, 2019
BCU Awards $35,000 in Scholarships to College Bound High School Seniors

In alignment with its promise to empower financial freedom, BCU has awarded 21 scholarships to its brightest college-bound high school seniors.
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August 26, 2019
Filene's Newest Centers of Excellence Address the Evolving Needs of Consumers and Credit Unions

Credit unions, now more than ever, have the power to significantly improve their members financial well-being.
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August 19, 2019
BCU Helps Fund a Bright Future

BCU, in partnership with Student Choice, has awarded a special $1,000 scholarship to local Vernon Hills high school student, Nicolas Beaumont, for his Innovation Fair entry.
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August 6, 2019
Lisa Baron Appointed BCU Executive Vice President & Chief Human Resources

Previously serving as senior vice president of human resources and talent management, Baron’s stellar experience is a driving force in providing extraordinary service to Credit Union members.
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July 10, 2019
BCU Grows Puerto Rico Operations with New Bianca Facility

Located on the west end of the island, the new Bianca facility is part of the Credit Union’s larger strategy to expand back-office support in Puerto Rico.
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July 2, 2019
Betty Larson Joins BCU Board of Directors

Larson first learned about the value BCU offers the employees and families of great companies in 2001 when she was a human resources director with Baxter International.
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July 1, 2019
BCU Earns Silver MAC Award for Financial 5K Giveaway Campaign

The Marketing Association of Credit Unions (MAC) has honored BCU with a silver award in recognition of its innovative financial education efforts in the Business Development category at the annual conference in New Orleans, Louisiana.
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June 28, 2019
Computerworld Names BCU to 2019 List of Best Places to Work in IT

IDG’s Computerworld has announced BCU as the number 10 small-size organization on its list of 2019 Best Places to Work in IT.
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June 26, 2019
The Best Banks And Credit Unions In Every State 2019

BCU has been named to the Forbes® Best-In-State Credit Unions.
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May 1, 2019
BCU Earns CUNA Excellence Award for Culture of Belonging

The CUNA HR and Organizational Development Council recognized BCU for its Excellence in Employee Engagement at its 25th annual conference in Anaheim, California.
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March 1, 2019
BCU Scholarship Recipient Finds Passion Through Camp Kesem

“Here Today For Your Tomorrow” - a promise made by the Credit Union and echoed in a partnership with Camp Kesem.
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March 1, 2019
Margot Feldman Kaplan Retired BCU Chair Paves Way to a Bright Financial Future

BCU announced the retirement of esteemed board member Margot Feldman Kaplan at the Credit Union’s annual board meeting on March 20, 2019.
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2018 News and Events


December 7, 2018
BCU Employee Volunteers Give Back

158 boxes containing 34,128 meals will feed 93 children for a year – thanks to the efforts of BCU employee volunteers.
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November 2, 2018
BCU Named Top 100 Workplace for Sixth Year by Chicago Tribune

The Top 100 Workplaces recognizes the most dynamic and innovative organizations to work for in the Chicago area, as determined by its employees.
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October 1, 2018
PowerPlus Checking Rewards Members with Enhanced Benefits

More Power. More Plus!
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October 1, 2018
Jose Cajigas Honored as a 2018 Credit Union Rock Star

Jose Cajigas, General Manager and Vice President of Puerto Rico Operations at BCU has been recognized by CUNA’s Credit Union Magazine as one of its 2018 Credit Union Rock Stars.
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September 1, 2018
BCU Recognized as Industry Leader with CUNA Excellence in Technology Award

The CUNA Technology Council honored BCU’s Operations team with the Excellence in Technology Award, Best of Show, at the annual conference in San Francisco, California.
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September 1, 2018
BCU Awards 22 Scholarships to College-Bound High School Seniors

As part of its ongoing commitment to serving members, BCU has granted 22 scholarships to college-bound high school seniors who demonstrate the core values of the Credit Union.
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June 20, 2018
BCU Welcomes New Board Members with Combined Four Decades of Experience

Together, Christine Fleming of Baxter International and Brett Craig of Target hold almost four decades of industry experience.
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June 12, 2018
Chuck Thurman Retires from BCU Board of Directors After 27 Years

BCU announced the retirement of Charles (Chuck) Thurman, whose service on its board of directors spanned more than two decades.
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April 1, 2018
Three Months after Maria, Spirit of BCU Employees in Puerto Rico Continues to Inspire

In the face of the most devastating natural disaster in the Credit Union’s 36 year history, an inspirational story of the human spirit would emerge on the shoulders of an incredible employee culture.
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January 8, 2018
Homebuyer Happy Hour

BCU Members and non-members, join us for our first-ever Homebuyer’s Happy Hour event where you can mingle with our real estate experts.
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