Citizens Equity First Credit Union is a federally insured

credit union A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit organization, nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including depo ...

based in

Peoria, Illinois Peoria ( ) is the county seat of Peoria County, Illinois, United States, and the largest city on the Illinois River. As of the United States Census, 2020, 2020 census, the city had a population of 113,150. It is the principal city of the Peoria ...

, commonly referred to by its registered trademark, CEFCU. CEFCU was founded in 1937 to serve the employees of Caterpillar Tractor Company. It began as Caterpillar Employees Credit Union (CECU) with a state credit union charter, then switched to a federal credit union charter and the name CEFCU (Caterpillar Employees Federal Credit Union). Upon legally separating from Caterpillar, CEFCU changed its acronym to more accurately reflect membership eligibility; first, to "Construction Equipment Federal Credit Union" and, later, to "Citizens Equity Federal Credit Union." CEFCU returned to an Illinois state credit union charter in 2000, keeping the acronym CEFCU ("Citizens Equity First Credit Union") and maintaining federal deposit ("share") insurance under the

National Credit Union Share Insurance Fund The National Credit Union Share Insurance Fund provides deposit insurance to protect the accounts of credit union members at federally insured institutions in the United States. Created in 1970, the Share Insurance Fund is administered by the Nat ...

. CEFCU membership criteria allow employees of

Caterpillar Inc. Caterpillar Inc. (stock symbol CAT) is an American ''Fortune'' 500 corporation and the world's largest construction-equipment manufacturer. In 2018, Caterpillar was ranked number 65 on the ''Fortune'' 500 list and number 238 on the Global ''Fo ...

and Caterpillar dealers, partner companies (those working for about 550 specific companies with a CEFCU relationship), plus individuals who live or work in fourteen central

Illinois Illinois ( ) is a U.S. state, state in the Midwestern United States, Midwestern United States. Its largest metropolitan areas include the Chicago metropolitan area, and the Metro East section, of Greater St. Louis. Other smaller metropolita ...

counties, or who live, work, or worship in three

California California is a U.S. state, state in the Western United States, located along the West Coast of the United States, Pacific Coast. With nearly 39.2million residents across a total area of approximately , it is the List of states and territori ...

counties to belong to the credit union. Individuals living or working in the following

counties are eligible for CEFCU membership:

Bond Bond or bonds may refer to: Common meanings * Bond (finance), a type of debt security * Bail bond, a commercial third-party guarantor of surety bonds in the United States * Chemical bond, the attraction of atoms, ions or molecules to form chemica ...

Christian Christians () are people who follow or adhere to Christianity, a monotheistic Abrahamic religion based on the life and teachings of Jesus Christ. The words ''Christ'' and ''Christian'' derive from the Koine Greek title ''Christós'' (Χρι ...

, Clinton,

Fulton Fulton may refer to: People * Robert Fulton (1765–1815), American engineer and inventor who developed the first commercially successful steam-powered ship * Fulton (surname) Given name * Fulton Allem (born 1957), South African golfer * Fult ...

, Jersey, Knox,

Livingston Livingston may refer to: Businesses * Livingston Energy Flight, an Italian airline (2003–2010) * Livingston Compagnia Aerea, an Italian airline (2011–2014), also known as Livingston Airline * Livingston International, a North American custom ...

Logan Logan may refer to: Places * Mount Logan (disambiguation) Australia * Logan (Queensland electoral district), an electoral district in the Queensland Legislative Assembly * Logan, Victoria, small locality near St. Arnaud * Logan City, local gover ...

McLean MacLean, also spelt Maclean and McLean, is a Goidelic languages, Gaelic surname Mac Gille Eathain, or, Mac Giolla Eóin in Irish language, Irish Gaelic), Eóin being a Gaelic form of Johannes (John (given name), John). The clan surname is an A ...

, Macon, Macoupin, Madison,

Marshall Marshall may refer to: Places Australia * Marshall, Victoria, a suburb of Geelong, Victoria Canada * Marshall, Saskatchewan * The Marshall, a mountain in British Columbia Liberia * Marshall, Liberia Marshall Islands * Marshall Islands, an i ...

Mason Mason may refer to: Occupations * Mason, brick mason, or bricklayer, a craftsman who lays bricks to construct brickwork, or who lays any combination of stones, bricks, cinder blocks, or similar pieces * Stone mason, a craftsman in the stone-cut ...

, McLean, Monroe, Montgomery, Peoria, Putnam, Randolph, Saint Clair, Sangamon, Stark, Tazewell,

Washington Washington commonly refers to: * Washington (state), United States * Washington, D.C., the capital of the United States ** A metonym for the federal government of the United States ** Washington metropolitan area, the metropolitan area centered o ...

, and

Woodford Woodford may refer to: Places Australia *Woodford, New South Wales *Woodford, Queensland, a town in the Moreton Bay Region *Woodford, Victoria Canada * Woodford, Ontario England *Woodford, Cornwall * Woodford, Gloucestershire *Woodford, Greate ...

. The institution now also operates in

, with individuals who live, work or worship in Santa Clara,

Alameda An alameda is a Avenue (landscape), street or path lined with trees () and may refer to: Places Canada *Alameda, Saskatchewan, town in Saskatchewan **Grant Devine Dam, formerly ''Alameda Dam'', a dam and reservoir in southern Saskatchewan Chile ...

and Contra Costa counties eligible to join CEFCU.

References

Companies based in Peoria, Illinois Banks established in 1937 Credit unions based in Illinois Caterpillar Inc. {{US-finance-company-stub