CIBM Bank Danville, IL Branch
Welcome to UICCU!
We’re glad you’re here! At UICCU, we pride ourselves on being friendly, knowledgeable, and a partner in our community. We want to ensure this process is as clear and simple as possible for you. On this page, you can find common questions, forms, general information, and some helpful links.
As outlined in the joint letter to CIBM Bank Depositors, UICCU has agreed to purchase and assume certain consumer deposits from the CIBM Bank branch located in Danville, Illinois. UICCU will assume most consumer deposits, including certificates of deposit, money market deposit accounts, IRA savings accounts, and interest-bearing and non-interest-bearing checking and savings accounts, associated with the branch. The transaction is expected to close May 31, 2023. You will be notified in advance of the exact date as soon as possible and through multiple mailings and emails.
Once the transaction is completed, affected CIBM Bank depositors will automatically become depositors of UICCU. The NCUA will insure deposits post-closing, so depositors do not need to change their banking relationship to retain their deposit insurance coverage up to applicable limits. Affected CIBM Bank depositors should continue to use their existing branch until they receive notice of an exact date that the transaction will be completed. UICCU will be sending communication to all affected CIBM Bank depositors with further information and instructions.
When you join UICCU, you will enjoy the efficiency of local decision-making in lending and banking services. UICCU already serves several thousand Danville area members and deepened its commitment to the area in 2022 and 2023 with the establishment of Danville branches on Fairchild St. and Gilbert St.
We are happy to answer any questions you may have during this process and beyond. If you can’t find what you’re looking for on this page, don’t hesitate to give us a call at 217-278-7700 or stop into any of our branch locations.
To be clear, affected CIBM Bank accounts will be automatically transferred to UICCU with no action required by customers.
Important Dates to Remember
- June 1, 2023: CIBM Bank Danville, IL Branch consumer deposit accounts transfer to UICCU
Membership Mailings
- Announcement Letter & FAQ PDF – mailed 4/28/23
- UICCU Welcome Packet PDF – mailed 5/1/23
- Instructions to CIBM Bank depositors transferring to UICCU PDF – mailed 5/12/23
Frequently Asked Questions
CIBM Bank Danville, IL branch will officially transfer certain consumer deposits to the University of Illinois Community Credit Union on May 31, 2023. What does this mean for you? Review our FREQUENTLY ASKED QUESTIONS:
Partnership Information
Q: Did the University of Illinois Community Credit Union (UICCU) acquire CIBM Bank?
- No, UICCU is only purchasing CIBM Bank Danville, Illinois branch’s consumer deposit accounts.
Q: When will the transition take place?
- The transaction is expected to close May 31, 2023.
U of I Community Credit Union Information
Q: How can I learn more about this transfer?
- Watch your mail for detailed information from UICCU. You can visit the CIBM Danville branch where CIBM Bank staff can answer all of your questions and assist you. You can also visit the UICCU Danville branches located at 210 N. Gilbert Street and 1019 E Fairchild Street. Additionally, you may call CIBM Bank at 1-217-443-6099 or UICCU at 1-217-278-7700.
Q: Why did CIBM Bank and UICCU decide to partner together?
- For many years now, UICCU has actively served Danville area residents by providing exceptional service, access, and top product offerings. Our passion to financially serve more people in the Danville market drove our interest in this opportunity.
Q: Does UICCU have more than one branch available to us?
- Yes! UICCU has 7 branches in total, with 2 in Danville located at 210 N. Gilbert Street and 1019 E Fairchild Street. UICCU also has branches in Champaign, Urbana, Bloomington, and Normal, IL.
- Additionally, UICCU is a part of the Shared Branch Network. This gives UICCU members access to over 50,000 fee-free ATMs and over 5,000 fee-free cooperating branches throughout the nation.
General Membership Information
Q: What does this announcement mean for CIBM Bank depositors going forward?
- CIBM Bank depositors will have increased access to all of UICCU’s products, services, and branch locations.
Q: Will my existing loan with CIBM Bank transfer over to UICCU?
- No. UICCU is not acquiring any CIBM Bank loans. If you have any outstanding CIBM Bank loans, those will remain as is with CIBM Bank.
Q: Will my savings, checking, and other deposit products transfer over to UICCU automatically?
- Yes. UICCU will assume most consumer deposits, including certificates of deposit, money market deposit accounts, IRA savings accounts, and interest-bearing and non-interest-bearing checking and savings accounts associated with the Danville, IL branch. Watch for an upcoming mailing with specific information about the transfer of your deposit accounts.
Your Guide to Getting Started with Us
We can’t wait to get to know you! At the U of I Community Credit Union, we strive to be your financial coaches regardless of where you are in life.
UICCU Products & Services
Banking can be simple and we want to prove it. We offer numerous accounts and products to give you options throughout your financial journey.
- Checking Accounts
- Savings Accounts
- Certificates
- Money Market Accounts
- Personal Loans
- Vehicle Loans
- Mortgage Loans
- Student Loans
- Home Equity Loans
- Investment Advisors
- Financial Wellness & Coaching
Here are just a few of the numerous benefits you can expect from this transfer to UICCU:
- Local branch access, both at Gilbert St. and Fairchild St.
- Access to additional ATMs. (FREE access to 20 ATMs in Vermilion County and over 50,000 ATMs nationwide)
- Branch access at 7 Central Illinois UICCU branches, and over 5,000 Shared Branch locations nationwide
- Online banking services and #1 rated mobile app in the area
If there is anything we can do to help, please let us know.