Credit union
Alero Financial Credit Union
Elgin, Illinois, Kane County, IL
$954M in total assets and 65,426 members, the 493rd largest of 4,298 US credit unions and 15th of 173 headquartered in Illinois.
- NCUA charter
- 68215
- Charter
- State chartered (IL)
- Chartered
- 1997
- NCUA insured since
- 1976
- Low-income designation
- Yes
At a glance
Compared with 32 federally insured credit unions in Illinois with $100 million to $1 billion in assets, as of June 30, 2026.
| Measure | This credit union | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $954M | 98% | $287M | |
| Loans | $734M | 98% | $159M | |
| Deposits (shares) | $823M | 98% | $250M | |
| Members | 65,426 | 98% | 17,886 | |
| Return on assets | 0.38% | 25% | 0.86% | |
| Net interest income to assets | 3.80% | 56% | 3.72% | |
| Efficiency ratio | 89.2% | 91% | 74.0% | |
| Net worth ratio | 11.95% | 59% | 11.53% | |
| Loans to shares | 89% | 78% | 74% | |
| Cost of deposits | 2.09% | 94% | 1.45% |
Ratios are annualized from year-to-date figures. Return on assets uses average assets, as NCUA does. Cost of deposits includes dividends on shares.
Growth
Total assets grew 4.5% a year over 10 years and 3.5% a year over the last 5, including 2 mergers in the last 10 years. Membership fell 0.7% a year over 5 years, to 65,426.
Dashed lines mark larger mergers, listed below.
Mergers and acquisitions
| Closed | Absorbed | Assets at last filing |
|---|---|---|
| Mar 2026 | North Bay Credit Union Credit union, Santa Rosa, CA | $114M |
| May 2020 | Ben Franklin Bank of Illinois Bank, Arlington Heights, IL | $93M |
| Jun 2015 | Valley Bell Credit Union Credit union, Elgin, IL | $14M |
| Apr 2015 | Panduit Employees Credit Union Credit union, Tinley Park, IL | $8M |
| Dec 2014 | CPT Credit Union Credit union, Des Plaines, IL | $927K |
| Dec 2013 | Three Rivers Credit Union Credit union, Mount Carmel, IL | $13M |
| Aug 2012 | Branch 825 N.A.L.C. Credit Union Credit union, Oak Brook, IL | $2M |
| Sep 2011 | NWCS Federal Credit Union Credit union, Yorkville, IL | $872K |
| Aug 2011 | CAI Employees Credit Union Credit union, Barrington, IL | $1M |
| Jun 2011 | Church of the Brethren Credit Union Credit union, Elgin, IL | $6M |
Where they operate
16 branches in 9 counties.
1 of 16 branch locations are approximate (ZIP code centers).
Largest counties by branches
| County | Branches | Share of all branches | Rank |
|---|---|---|---|
| Sonoma County, CA | 4 | 3.2% | 11 of 25 |
| Cook County, IL | 4 | 0.3% | 45 of 171 |
| Kane County, IL | 2 | 1.5% | 15 of 41 |
| Naugatuck Valley Planning Region, CT | 1 | 0.8% | 17 of 29 |
| Dupage County, IL | 1 | 0.4% | 32 of 58 |
| Mchenry County, IL | 1 | 1.1% | 19 of 31 |
| Wabash County, IL | 1 | 20.0% | 2 of 4 |
| Bradford County, PA | 1 | 3.1% | 9 of 11 |
Credit unions do not report deposits by branch, so these are branch counts: this credit union's branches against every bank and credit union branch in the county. Rank is among all banks and credit unions with a branch there.
Branches by year
| Year end | Branches | Change |
|---|---|---|
| 2016 | 21 | |
| 2017 | 21 | 0 |
| 2018 | 21 | 0 |
| 2019 | 21 | 0 |
| 2020 | 23 | +2 |
| 2021 | 23 | 0 |
| 2022 | 23 | 0 |
| 2023 | 21 | −2 |
| 2024 | 21 | 0 |
| 2025 | 12 | −9 |
| Jun 2026 | 16 | +4 |
Member-serving offices as listed in NCUA call reports. Changes include branches gained in mergers.
Earnings and credit
Return on assets
Year to date, annualized, with the peer median.
Credit and capital
| This credit union | Peer median | |
|---|---|---|
| Delinquent loans, 60+ days | 0.79% | 0.56% |
| Net worth ratio | 11.95% | 11.53% |
| Loans to shares | 89% | 74% |
Delinquent loans are two or more months past due. Net worth is NCUA's capital measure for credit unions.
Related
Credit unions of similar size in Illinois
Most branches in Sonoma County, CA
Figures as of June 30, 2026 from the credit union's NCUA call report (Form 5300), NCUA's credit union locator and FFIEC merger records.