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VIRTUAL
BRANCH

Membership

 

Welcome to CBI FCU.  As a member, you have access to a wide array of innovative financial products and services.  We offer more attractive rates and lower fees that can save you money and increase your pocket book.

    Who Can Join

    We think you will appreciate the value and benefits of CBI Federal Credit Union.  Why use a credit union?  You might say low rates on loans and low fees for services, and you’re right.  These features do make credit unions unique.  However, the most important difference is: YOU own your credit union!

    Becoming a member is the first step to taking advantage of the benefits that CBI FCU provides.

    Membership

    Membership in the CBI Federal Credit Union is open to all permanent employees of CB&I Company, their wholly owned subsidiaries including Lutech Resources employees on CB&I jobsites, except Foreign Nationals in Foreign locations.

    Immediate Family & Household Members

    We invite you to join if you are a member of the immediate family or in the household of someone who is employed by or organization within our field of membership.

    Our policy defines, “immediate family member as a spouse, child, sibling, parent, grandparent or grandchild. This includes stepchildren and step siblings. “Members of the household include “persons living in the same residence maintaining a single economic unit.

    Maintain Membership Even When You Move

    Once you become a CBI FCU member, you can remain a member for life. If you change jobs, move or retire, you can still enjoy the benefits of CBI Federal Credit Union membership. We even make it easy to manage your money from a distance by allowing you to make transactions by mail, online, phone or fax.

    Enroll Online With Our Virtual Branch Application

    For the best experience, use the most recent versions available for browsers such as Mozilla Firefox, Microsoft Edge, Microsoft Internet Explorer 11 or Google Chrome. Members that try to log in without a compatible browser might be redirected to a website to download a new version of the browser.

    How to Join

    How do I open my account with CBI FCU?

    You can complete your application by the following:

    • In Person - Simply visit our branch and we will gladly guide you through the membership application process. All applications are subject to verification of eligibility
    • By Mail - Print a membership application, complete, sign and mail it to us at the address below. Also enclose a check or money order (made payable to CBI FCU) for your initial deposit, and a copy of your valid picture ID. Your application will be subject verification.
    • Mail your application package to:
      CBI Federal Credit Union
      13717 S. Route 30, Unit 157
      Plainfield, IL 60544

    To complete the qualification and account opening process, you’ll be required to:

    • Provide your address, contact information and Social Security Number
    • Determine how you qualify for membership
    • Copy of your Driver’s License, State-Issued ID or Valid Passport
    • Fund your new savings account with a minimum of $25.00

    If you are uncertain whether you are eligible to join CBI FCU, please contact us at 800-699-5417.

    Member Identification Program Disclosure

    To help the government fight the funding of terrorism and money laundering activities, Federal Law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

    According to the Federal Trade Commission, identity theft is the fastest growing crime in the country.

    What this means for you:  When you open an account, we will ask you for your name, address, date of birth, and other information that will allow us to identify you.  We may also ask to see your driver’s license or other identifying documents, and make a copy fo the document verified for our records.

    Immediate Family & Household Members

    We invite you to join if you are a member of the immediate family or in the household of someone who is employed by or organization within our field of membership.

    Our policy defines, “immediate family member as a spouse, child, sibling, parent, grandparent or grandchild. This includes stepchildren and step siblings. “Members of the household include “persons living in the same residence maintaining a single economic unit.

    Maintain Membership Even When You Move

    Once you become a CBI FCU member, you can remain a member for life. If you change jobs, move or retire, you can still enjoy the benefits of CBI Federal Credit Union membership. We even make it easy to manage your money from a distance by allowing you to make transactions by mail, online, phone or fax.

    "Once a Member, Always a Member!”

     

    Enroll Online With Our Virtual Branch Application

    For the best experience, use the most recent versions available for browsers such as Mozilla Firefox, Microsoft Edge, Microsoft Internet Explorer 11 or Google Chrome. Members that try to log in without a compatible browser might be redirected to a website to download a new version of the browser.

    Disclosures

    CBI Federal Credit Union takes pride in compliance and out top priority is keeping members information safe.


    General Disclosures   

    Electronic Disclosures


    Enroll Online With Our Virtual Branch Application

    For the best experience, use the most recent versions available for browsers such as Mozilla Firefox, Microsoft Edge, Microsoft Internet Explorer 11 or Google Chrome. Members that try to log in without a compatible browser might be redirected to a website to download a new version of the browser.

    NCUA Insurance

    When you open a Share Account with CBI FCU, you can rest assured your funds are completely protected by the government-backed NCUA.ncua-header


    National Credit Union Administration, a U.S. Government Agency

    The National Credit Union Administration (NCUA) is an independent federal agency that insures the deposits of credit union members nationwide.  Managed by the National Credit Union Administration Board, NCUA examines, supervises and insures both federally-chartered and qualifying state-chartered credit unions.  Also managed by the NCUA Board, the National Credit Union Share Insurance Fund (NCUSIF) is a component of the NCUA and was established by Congress on October 19, 1970 to insure member accounts.  There are no charges or fees directly assessed to members for this coverage.  Here are some important facts to remember about your share insurance provided by the NCUSIF:

    Not one penny of insured savings has ever been lost by a member of a federally insured credit union.

    As a member of a federally insured credit union, you do not pay directly for your share insurance protection. Your credit union places a deposit into the NCUSIF and pays an insurance assessment based on the total amount of insured shares and deposits in the credit union. Federally insured credit unions are required to deposit and maintain one percent of their insured shares and deposits in the NCUSIF.

    Share accounts in federally insured credit unions are insured up to the Standard Maximum Share Insurance Amount (SMSIA), $250,000 as of October 3, 2008.

    You may obtain additional separate coverage on multiple accounts, but only if you have different ownership interests or rights in different types of accounts and you properly complete account forms and applications. For example, if you have a regular share account and an Individual Retirement Account (IRA) at the same credit union, the regular share account is insured up to $250,000 and the IRA is separately insured up to $250,000. However, if you have a regular share account, a Term Share Certificate, and a share draft account, all in your own name, you will not have additional coverage. Those accounts will be added together and insured up to $250,000 as your individual account. Additionally, shares denominated in foreign currencies are insured as outlined in NCUA Rules and Regulations.

    Coverdell Education Saving Accounts, formerly education IRAs, are insured as irrevocable trust accounts and will be added to a member's other irrevocable trust accounts and insured up to the SMSIA. Roth IRAs will be added together with traditional IRAs and insured up to $250,000.

    A co-owner's interest in all joint accounts in the same credit union will be added together and insured up to the SMSIA

    Need more information?

    Visit any of the helpful resources.  The site’s helpful tools include the NCUA Share Insurance Estimator

    https://www.mycreditunion.gov/estimator/Pages/default.aspx

    https://www.ncua.gov/Pages/default.aspx

    Enroll Online With Our Virtual Branch Application

    For the best experience, use the most recent versions available for browsers such as Mozilla Firefox, Microsoft Edge, Microsoft Internet Explorer 11 or Google Chrome. Members that try to log in without a compatible browser might be redirected to a website to download a new version of the browser.