Make a difference in your community. Join our board of directors.
Become A Board Member
Applications due March 17th, 2025.
Title: Board Member
Reports to: Members and Regulators
PRIMARY RESPONSIBILITIES
- Set policy
- Plan the credit union’s course
- Make sure the credit union maintains its sound financial condition
- Review the chief executive officer’s progress in achieving goals and objectives
- Report to the members at the annual meeting
All decisions should be made in the best interests of the credit union and its membership.
KNOWLEDGE AND SKILLS
- Understanding of credit union philosophy and desire to better the financial lives of members
- Ability to understand basic financial statements
- Ability to think and plan strategically
SPECIFIC RESPONSIBILITIES
- Work with the CEO and board to develop objectives and goals for the credit union, including strategic plans.
- Provide oversight and ensure adherence to and compliance with all applicable laws, regulations, and sound business and accounting practices
- Make sure the credit union maintains sound financial conditions and that the assets are protected against unauthorized or illegal acts.
- Designate depositories, authorize borrowing and investing, and provide for bonding and other security factors, including internal control policies and procedures. Approve interest rates and dividends, or approve policies to guide management in doing so. Approve loan limits and savings minimums.
- Develop policies (re: Organization, Finance and Budget, Savings, Loans, Security and Risk Management, Bank Secrecy Act and related regulations, E-Commerce, ADA, and Record Retention), or make sure they are developed, and then approve them for all credit union programs and activities. Review policies and bylaws at least once a year and update as necessary.
- Ensure that new products and services are developed as needed.
- Approve the credit union’s annual budget.
- Define the scope of the CEO’s job, hire someone to fill the position, and review his or her progress in attaining goals and objectives.
- Review reports and materials provided by management, attend and be engaged at board meetings, exercise judgment independently from the CEO, and report to the members at the annual meeting.
- Complete annual compliance training requirements and take advantage of optional training opportunities provided.
- Keep the business of the credit union and its members confidential.
- Represent the credit union in the community.
- Promote the credit union and its services as appropriate in daily interactions.
OTHER EXPECTATIONS
- Keep the business of the credit union and its members confidential.
- Advocate for the credit union in the community.
- Promote the credit union and its services as appropriate in daily interactions.
MembersAlliance Credit Union is structured as a financial cooperative. What does that mean? We act together to fulfill the needs and aspirations of our members, with our Board of Directors representing our members to ensure we are fulfilling our mission. Our mission statement: To be the leader in our community in providing financial products, exceptional service, and financial education.
Our focus is to not only offer excellence in each of these areas, but also to create an impact in our community for the better. We are looking for Board Members with a desire to invest in our community and in the financial well-being of our members.
The environment we cultivate at MembersAlliance is embodied in our WE CARE culture. We focus on letting the community know everyone is Welcome here, Engage intentionally, Connect to better understand each other, Assess the needs of others, Respond to create resolutions, and Express gratitude often. Our We Care culture guides how we serve our members and interact with each other.
If you’re as excited as we are about serving our members and community and would like to join our board, please click the button below for more information or click Apply Now submit your application.
Mission Statement
To be the leader in our community in providing financial products, exceptional service and financial education
Board Purpose Statement
The MembersAlliance Credit Union board of directors provides oversight and guidance in the areas of policy, financial performance, risk management, regulatory compliance, and ethical standards. Always acting in the best interests of stakeholders, the board plans for board, executive management, and institutional stability to ensure the future of the Credit Union as a thriving financial Cooperative.
Code of Ethics
The Credit Union is a member owned, non-profit cooperative thrift institution formed for the purpose of encouraging savings by offering a good return, using collective monies to make loans at competitive interest rates to members and providing other member services on a cooperative basis. Members are united by a defined field of membership and democratically operate the Credit Union under state and federal laws and regulations.
This Credit Union will conduct its relationships and operations in accordance with this purpose and uphold its fundamental commitment to serving its members. This Credit Union is committed to the highest standards of responsibility and conduct and subscribes to the following guidelines:
To Members:
- To provide the highest level of personal financial services in a courteous and professional manner and to treat all individuals fairly without regard to race, creed, national origin, sex, religion, social or economic level.
- To encourage thrift and savings and to protect the assets placed in our care and custody.
- To provide consumer loan services at the least possible cost in the exercise of wise use of credit.
- To practice and maintain high standards of sound management, including efficiency, integrity, and economy of operations.
- To provide members with timely and accurate information regarding the financial conditions, operations, and services of the Credit Union and of their individual accounts or transactions.
- To preserve and protect the privacy and confidentiality of all member financial records and transactions. Disclosure of financial conditions or transactions will be made only with the written approval of the member, due legal process, or in accordance with law.
- To abide by the letter, spirit and intent of state and federal consumer protection laws and regulations and to provide members with complete and accurate information concerning their rights.
- To increase knowledge and ability of members to manage and control their financial well-being through counseling and by providing educational information, materials, and programs.
To Credit Union Movement:
- To promote and protect always the best interests and reputation of the Credit Union Movement and avoid and resist influences and practices which are detrimental to it.
- To associate and cooperate with other credit union organizations in building a strong democratic movement for more effective service to members.
To Society:
- To participate in community affairs as a responsible member of the society in which the Credit Union is a part.
- To support and participate in programs which favorably affect the society, citizens and communities served by the Credit Union and to the fullest extent possible, seek solutions to its social problems and concerns.
- To make credit union membership available to as many people as possible.
Standards of Leadership for Officials and Staff:
a. To observe the highest standards of personal conduct at all times.
b. To strictly uphold the laws, by-laws, rules and regulations relating to the operation of a credit union.
- To guard against the use of the credit union position for personal or financial advantage or special privilege and avoid conflicts of interest with its policies and operations.
- To carry out the duties and responsibilities of the credit union position to the best of one's abilities and to seek out and participate in opportunities to increase knowledge and skill.
- To adhere to open, democratic procedures in the election of officials and in their formulation of credit union policy and practices.
Qualifications of Board Members
The success or failure of any credit union rests, to a large extent, in the hands of the members who are elected to serve on the Board of Directors. In their selection process, the nominating committee will search for members who:
1. Believe in, save in, and borrow from the Credit Union.
2. Believe in the Credit Union Movement. A board member should show a desire to work with other credit unions through Chapter and League activities.
3. Are willing to take the necessary time to prepare for, attend, and participate in all Board and Committee meetings.
4. Are qualified to make business decisions in the overall interest of the Credit Union.
5. Base decisions on fact and experience. Be objective in consideration of all matters discussed.
6. Are informed and study the issues and the details on the subjects where decisions need to be made.
7. Work in cooperation with other Board Members and support majority decisions.
8. Provide direction to the Credit Union. Address major problems facing the Credit Union and not administrative problems better assigned to others.
9. Are willing to accept and adapt to change, welcome new ideas, and be imaginative.
10. Cultivate skills in the art of communication. Produce results via persuasion, not manipulation.
11. Understand the economic and social environment in which the Credit Union operates.
12. Constantly seek self improvement as a director by way of participation in education programs and reading pertinent materials.
This calculator compares the costs of buying or leasing a vehicle. There are three sections to complete, and you can adjust and experiment with different scenarios.
- Net cost of buying $0
- Net cost of leasing $0
A fixed-rate, fixed-term CD can earn higher returns than a standard savings account. Use this calculator to get an estimate of your earnings. Move the sliders or type in numbers to get started.
- Total value at maturity $0
- Total interest earned $0
- Annual Percentage Yield (APY)0.000%
Whether it's a down payment, college, a dream vacation...a savings plan can help you reach your goal. Use the sliders to experiment based on length of time and amount per month.
- Monthly deposit needed to reach goal $0
This calculator can help you get a general idea of monthly payments to expect for a simple loan. Move the sliders or type in numbers to get started.
- Estimated monthly payment $0
- Total paid $0
- Total interest paid $0
Autos, Trucks and Motorcycles
New Auto, Trucks, Vans, Motorcycles (New 2025; New untitled 2024)
| Term | APR (as low as) | Pmt/$1,000 |
|---|---|---|
| up to 36 Months | 5.00% | $29.97 |
| 37-78 Months | 6.00% | $29.67 - $15.51 |
| 79-84 Months | 7.25% | $15.96 - $15.22 |
| 85-96 Months / $40,000 Min. | 8.25% | $15.57 - $14.26 |
Used Auto, Trucks, Vans, Motorcycles (2024-2021)
| Term | APR (as low as) | Pmt/$1,000 |
|---|---|---|
| up to 36 Months | 5.50% | $30.20 |
| 37-78 Months | 6.25% | $29.78 - $15.63 |
| 79-84 Months | 7.50% | $16.08 - $15.34 |
Used Auto, Trucks, Vans, Motorcycles (2020-2018)
| Term | APR (as low as) | Pmt/$1,000 |
|---|---|---|
| up to 36 Months | 6.00% | $30.42 |
| 37-78 Months | 6.50% | $29.90 - $15.75 |
| 79-84 Months | 7.50% | $16.08 - $15.34 |
Used Auto, Trucks, Vans, Motorcycles (2017 and older)
| Term | APR (as low as) | Pmt/$1,000 |
|---|---|---|
| up to 24 Months | 8.00% | $45.23 |
| 25-36 Months | 8.25% | $43.67 - $31.45 |
| 37-48 Months | 8.50% | $30.82 - $24.65 |
| 49-60 Months / $20,000 Min. | 8.75% | $24.34 - $20.64 |
Rates disclosed are As Low As Rates, which are based on the A+ credit discount (credit score >740) and Multiple Service discount (active checking account with direct deposit).
Loan rates may vary based on credit evaluation. Monthly Payment Installment samples shown are based on every $1,000 borrowed and the minimum term and maximum term within each term range.
Computer and Other Durable Goods
| Term | APR (as low as) | Pmt/$1,000 |
|---|---|---|
| 24 Months | 7.00% | $44.79 |
| 36 Months | 8.00% | $31.35 |
| 48 Months | 9.00% | $24.90 |
Rates disclosed are As Low As Rates, which are based on the A+ credit discount (credit score >740) and Multiple Service discount (active checking account with direct deposit).
Loan rates may vary based on credit evaluation. Monthly Payment Installment samples shown are based on every $1,000 borrowed and the minimum term and maximum term within each term range.
FastCash Loan
| Loan Type/Term | Rate (as low as) | Pmt/$1,000 |
|---|---|---|
| Up to 12 Months | 9.50% | $87.68 |
| 13-24 Months | 9.75% | $81.37 - $46.03 |
| 25-36 Months | 10.00% | $44.48 - $32.27 |
| 37-48 Months | 10.50% | $31.75 - $25.61 |
| 49-60 Months | 11.25% | $25.55 - $21.87 |
| Signature Line of Credit | 10.90% | 3% of Limit |
Rates disclosed are As Low As Rates, which are based on the A+ credit discount (credit score >740) and Multiple Service discount (active checking account with direct deposit). Not available on Unsecured Line of Credit Loans.
Loan rates may vary based on credit evaluation. Monthly Payment Installment samples shown are based on every $1,000 borrowed and the minimum term and maximum term within each term range.
Home Equity - Fixed Rate - Up to 80% Loan to Value
| Term | APR (as low as) | Pmt/$1,000 |
|---|---|---|
| Up to 60 Months | 6.00% | $44.32 - $19.34 |
| 61-120 Months | 6.75% | $19.42 - $11.49 |
| 121-180 Months | 7.25% | $11.68 - $9.14 |
Rates disclosed are As Low As Rates, which are based on the A+ credit discount (credit score >740) and Multiple Service discount (active checking account with direct deposit).
Monthly Payment Installment samples shown are based on every $1,000 borrowed. Rates may vary based on credit evaluation. Rates subject to change without notice. Closing costs may vary if out of the Rockford area, an appraisal is required, or a release of mortgage is recorded.
Home Equity Line of Credit - Adjustable Rate - Up to 80% Loan to Value
Rate discounted at 7.375% for the first year. Adjusts to the Wall Street Journal Prime Rate annually, which is currently at 7.500% Maximum APR = 18% Annual Fee = $10.00
Monthly Payment Installment samples shown are based on every $1,000 borrowed. Rates may vary based on credit evaluation. Rates subject to change without notice. Closing costs may vary if out of the Rockford area, an appraisal is required, or a release of mortgage is recorded.
IRA/CD Rates
| Type/Term | Minimum Opening Deposit | Rate | APY | Penalty for Early Withdrawal |
|---|---|---|---|---|
| Base IRA (Primary, Education, Roth) | $500 | 0.150% | 0.150% | N/A |
| 3 Month CD* | $500 | 0.995% | 1.000% | 90 Days* |
| 6 Month CD/IRA CD** | $500 | 1.980% | 2.000% | 90 Days |
| 12 Month CD/IRA CD | $500 | 2.956% | 3.000% | 180 Days |
| 18 Month CD/IRA CD | $500 | 2.956% | 3.000% | 180 Days |
| 24 Month CD/IRA CD | $500 | 2.762% | 2.800% | 180 Days |
| 30 Month CD/IRA CD | $500 | 2.762% | 2.800% | 180 Days |
| 36 Month CD/IRA CD | $500 | 2.762% | 2.800% | 180 Days |
| 48 Month CD/IRA CD | $500 | 1.980% | 2.000% | 365 Days |
| 60 Month CD/IRA CD | $500 | 1.980% | 2.000% | 365 Days |
Minimum Deposit = $500.00. A penalty will or may be imposed for early withdrawals. *3 month CD not eligible for IRAs.** 6 month CD not eligible for Roth and Education IRAs.
Money Market Accounts
| Balance | Rate | APY |
|---|---|---|
| $2,500 - $9,999.99 | 0.946% | 0.950% |
| $10,000 - $24,999.99 | 1.094% | 1.100% |
| $25,000 - $99,999.99 | 1.341% | 1.350% |
| $100,000+ | 1.587% | 1.600% |
Off Road RVs, Snowmobiles and Jet Skis
New Snowmobile, Off-Road RV, Jet Ski (New 2025; New untitled 2024)
| Term | APR (as low as) | Pmt/$1,000 |
|---|---|---|
| up to 24 Months | 5.50% | $44.10 |
| 25-36 Months | 6.00% | $42.65 - $30.42 |
| 37-48 Months | 6.50% | $29.90 - $23.71 |
| 49-60 Months | 7.00% | $23.52 - $19.80 |
| 61-78 Months / $20,000 Min. | 7.50% | $19.77 - $16.24 |
Used Snowmobile, Off-Road RV, Jet Ski (2024-2017)
| Term | APR (as low as) | Pmt/$1,000 |
|---|---|---|
| up to 24 Months | 6.00% | $44.32 |
| 25-36 Months | 6.50% | $42.88 - $30.65 |
| 37-48 Months | 7.00% | $30.13 - $23.95 |
| 49-60 Months | 7.50% | $23.76 - $20.04 |
Rates disclosed are As Low As Rates, which are based on the A+ credit discount (credit score >740) and Multiple Service discount (active checking account with direct deposit).
Loan rates may vary based on credit evaluation. Monthly Payment Installment samples shown are based on every $1,000 borrowed and the minimum term and maximum term within each term range.
Personal Loans (Unsecured)
| Loan Type/Term | APR (as low as) | Pmt/$1,000 |
|---|---|---|
| Up to 12 Months | 9.50% | $87.68 |
| 13-24 Months | 9.75% | $81.37 - $46.03 |
| 25-36 Months | 10.00% | $44.48 - $32.27 |
| 37-48 Months | 10.50% | $31.75 - $25.61 |
| 49-60 Months | 11.25% | $25.55 - $21.87 |
| Signature Line of Credit | 10.90% | 3% of Limit |
| FastCash* | 23.00% | $177.96 |
Rates disclosed are As Low As Rates, which are based on the A+ credit discount (credit score >740) and Multiple Service discount (active checking account with direct deposit). Not available on Unsecured Line of Credit Loans.
Loan rates may vary based on credit evaluation. Monthly Payment Installment samples shown are based on every $1,000 borrowed and the minimum term and maximum term within each term range.
*FastCash Application fee of $20 required, regardless of approval decision. FastCash loan is a fixed rate of 23%APR on loan amounts from $200 to $1,000 with terms not to exceed 6 months. Financing example: The monthly installment repayment for $1,000 financed for 6 months at 23.00% is $177.96. No credit check. MACU membership must be at least 90 days old and have an existing direct deposit with the credit union. Only one FastCash loan per household. Some restrictions may apply.
Primary Mortgage
Conventional Mortgages - 5% Down
| Term | Points | Rate (as low as) | Pmt/$10,000 | APR |
|---|---|---|---|---|
| 15 Year Fixed Rate | 0.000 | 5.625% | $82.37 | 5.797% |
| 15 Year Fixed Rate | 1.000 | 5.250% | $80.39 | 5.553% |
| 20 Year Fixed Rate | 0.000 | 6.250% | $73.09 | 6.437% |
| 20 Year Fixed Rate | 1.000 | 5.990% | $71.59 | 6.291% |
| 30 Year Fixed Rate | 0.000 | 6.750% | $64.86 | 7.107% |
| 30 Year Fixed Rate | 1.000 | 6.125% | $60.76 | 6.574% |
| 5/6 Year ARM | 0.000 | N/A | N/A | N/A |
| 7/6 Year ARM | 0.000 | N/A | N/A | N/A |
| Construction | 0.000 | N/A | N/A | N/A |
FHA Mortgages - 3.5% Down
| Term | Points | Rate (as low as) | Pmt/$10,000 | APR |
|---|---|---|---|---|
| 15 Year | 0.000 | 7.250% | $92.88 | 7.954% |
| 20 Year | 0.000 | 7.750% | $83.53 | 8.551% |
| 25 Year | 0.000 | 7.750% | $76.85 | 8.517% |
| 30 Year | 0.000 | 8.250% | $76.44 | 9.002% |
| 5/6 Year ARM | 0.000 | N/A | N/A | N/A |
Monthly Payment Installment samples shown under rates are based on every $10,000 borrowed. Mortgage Loan Rates & APR are based on $175,000 loan. Rates are subject to change daily. Please contact the credit union for current rates at 815-226-2260.
Recreational Vehicles (Boats, Motor Homes, 5th Wheels, Travel Trailers, Campers)
New Recreational Vehicles (New 2025; New untitled 2024)
| Term | APR (as low as) | Pmt/$1,000 |
|---|---|---|
| 25-54 Months | 6.00% | $42.66 - $21.18 |
| 55-78 Months | 6.75% | $21.20 - $15.88 |
| 79-90 Months | 7.00% | $15.84 - $14.32 |
| 91-126 Months / $40,000 Min | 7.50% | $14.45 - $11.50 |
| 127-180 Months / $40,000 Min | 8.00% | $11.71 - $9.57 |
| 181-246 Months / $60,000 Min. | 8.50% | $9.83 - $8.61 |
Used Recreational Vehicles (2024-2018)
| Term | APR (as low as) | Pmt/$1,000 |
|---|---|---|
| 25-54 Months | 6.00% | $42.66 - $21.18 |
| 55-78 Months | 6.75% | $21.20 - $15.88 |
| 79-90 Months | 7.25% | $15.96 - $14.45 |
|
91-126 Months / $40,000 Min |
7.75% | $14.58 - $11.63 |
| 127-180 Months / $40,000 Min | 8.25% | $11.84 - $9.71 |
Used Recreational Vehicles (2017 and older)
| Term | APR (as low as) | Pmt/$1,000 |
|---|---|---|
| 25-54 Months | 7.00% | $43.11 - $21.65 |
| 55-78 Months | 7.25% | $21.43 - $16.12 |
| 79-90 Months | 7.50% | $16.09 - $14.57 |
| 91-126 Months / $40,000 Min. | 8.25% | $14.83 - $11.90 |
Rates disclosed are As Low As Rates, which are based on the A+ credit discount (credit score >740) and Multiple Service discount (active checking account with direct deposit).
Loan rates may vary based on credit evaluation. Monthly Payment Installment samples shown are based on every $1,000 borrowed and the minimum term and maximum term within each term range. Additional terms available.
Savings/Checking Rates
| Accounts | Rate | APY | Minimum Opening Deposit |
|---|---|---|---|
| Savings Account/Business Savings Account | 0.150% | 0.150% | $25 |
| Youth Accounts | 0.150% | 0.150% | $25 |
| Free Basic Checking | 0.00% | 0.00% | No Minimum Deposit Required |
| MyCashback Checking | N/A | N/A | No Minimum Deposit Required |
| HSA Checking | 0.00% | 0.00% | No Minimum Deposit Required |
| Business Checking | 0.00% | 0.00% | No Minimum Deposit Required |
| Christmas Club | 0.150% | 0.150% | No Minimum Deposit Required |
| Vacation Club | 0.150% | 0.150% | No Minimum Deposit Required |
Share (CD) Secured
| Loan Type/Term | Rate |
|---|---|
| Savings Secure Loan with CD Account | 2.00% Over CD Rate |
Student Loans
| Student Loans | ||
|---|---|---|
| Loan Type | Fixed Rate* (as low as) | Variable Rate** (as low as) |
| Undergraduate – Line of Credit | 4.000% | 4.750% |
| Loan Consolidation (5 year) | 5.000% | 5.000% |
| Loan Consolidation (10 year) | 5.500% | 5.750% |
| Loan Consolidation (15 year) | 6.000% | 6.250% |
Floor Rate: 3.00%, Ceiling Rate: 18.00%. *Includes 0.25% discount for auto-pay. ** Adjusts quarterly based on the Prime Rate.
Visa Credit Card
| Card Type | APR for Purchases, Cash Advances and Balance Transfers |
|---|---|
| Visa Platinum Rewards Card | 8.90% to 17.90% |
APR is based on your creditworthiness at the time of account opening.