Alero Financial Credit Union Elgin, Illinois
Alero Financial Credit Union is a state-chartered credit union headquartered in Elgin, IL, established in 1976 (NCUA charter 68215), and it is regulated and insured by the NCUA. At Q2 2026 it reported 65,426 members and total assets of $953.5M (up 14.0% from Q2 2025), the 15th largest of 185 credit unions headquartered in Illinois. Its net worth ratio was 11.95% at Q2 2026, in the well capitalized band.
Also written as Alero Financial CU · Trade names filed with the NCUA: Alero Financial and North Bay Credit Union
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Data as of · sourced from NCUA 5300 call reports. How we update
- Charter
- State-chartered credit union
- Regulator
- NCUA
- Deposit insurance
- NCUA (NCUSIF)
- NCUA charter number
- 68215
- Headquarters
- Elgin, IL
- Established
- 1976
- Total assets, Q2 2026
- $953.5M
- Assets vs Q2 2025
- +14.0%
- Members, Q2 2026
- 65,426
- Net worth ratio, Q2 2026
- 11.95%
- Latest call report
- Q2 2026, NCUA 5300 · Alero Financial Credit Union call report
- Asset rank in state
- 15th of 185 in Illinois
- Routing number
- 271987075
- Branches
- 16
It has 1,288 more members than on June 30, 2025 (+2.0%). Its net worth ratio was down 1.18 percentage points from 13.13% on June 30, 2025. 1- to 4-family residential and other consumer real estate loans are its largest loan category, $257.9M of $733.6M in total loans on its June 30, 2026 filing. Its 60-day delinquency ratio of 0.79% is above the 0.68% median of the 1,338 credit unions with $100M to $1B in assets for Q2 2026. Its 11.95% net worth ratio is above that band's 11.43% median.
Credit unions similar in size in Illinois
Credit unions merged into Alero Financial Credit Union
North Bay Credit Union (2026) · Valley Bell Credit Union (2015) · Panduit Employees Credit Union (2015) · C P T Credit Union (2014) · Three Rivers Community Credit Union (2013)
Frequently asked about Alero Financial Credit Union
How big is Alero Financial Credit Union?
At Q2 2026 it reported total assets of $953.5M and 65,426 members.
Where is Alero Financial Credit Union headquartered?
It is headquartered in Elgin, IL, United States.
When was Alero Financial Credit Union founded?
It was established in 1976, per NCUA records.
Is Alero Financial Credit Union FDIC insured?
No. The FDIC insures banks, not credit unions. It is a federally insured credit union (NCUA charter 68215): member shares are insured by the National Credit Union Share Insurance Fund, run by the NCUA, up to $250,000 per member, per insured credit union, for each account ownership category, the same limit the FDIC applies to bank deposits.
Who regulates Alero Financial Credit Union?
It is a state-chartered credit union, supervised by its state credit union regulator and by the NCUA, which insures its shares.
Is Alero Financial Credit Union well capitalized?
Its net worth ratio was 11.95% at Q2 2026, in the well capitalized band. NCUA considers a credit union well capitalized at a net worth ratio of 7% or higher.
What is Alero Financial Credit Union's delinquency ratio?
Its delinquency ratio was 0.79% at Q2 2026: loans 60 or more days past due as a share of total loans.
What is Alero Financial Credit Union's loan-to-share ratio?
Its loan-to-share ratio was 89.18% at Q2 2026: total loans as a share of member shares and deposits.
Credit Union Profile
- Headquarters
- Elgin, IL 60123
- Charter Type
- State-chartered credit union
- Primary Regulator
- NCUA
- Insurance
- NCUSIF
- Established
- 1976
- NCUA Charter #
- 68215
- RSSD ID
- 441984
- Members
- 65,426
- Potential members
- 849,669
Size & Membership
Profitability
Q2 annualizedCapital & Asset Quality
Peer comparison: credit unions of similar size
It ranks against 1,341 credit unions with $100M to $1B in assets, as of Q2 2026. It is in the top quartile on 0 of 7 ranked measures and in the bottom quartile on 4.
| Metric | This credit union | Peer median | Rank among peers |
|---|---|---|---|
| Net worth ratio Middle half of peers: 9.81% to 13.58% | 11.95% | 11.43% | 56th above |
| Return on assets Middle half of peers: 0.43% to 1.23% | 0.23% | 0.81% | 13th bottom |
| Return on equity Middle half of peers: 3.87% to 9.84% | 1.96% | 7.02% | 12th bottom |
| Net interest margin Middle half of peers: 3.30% to 4.10% | 3.81% | 3.70% | 57th above |
| Efficiency ratio Middle half of peers: 68.90% to 83.49% | 94.30% | 76.55% | under 10th bottom |
| Cost of funds Middle half of peers: 0.92% to 1.56% | 1.83% | 1.24% | 13th bottom |
| Delinquency ratio Middle half of peers: 0.39% to 1.12% | 0.79% | 0.68% | 44th below |
| Yield on assets Middle half of peers: 4.53% to 5.37% | 5.64% | 4.92% | 84th position only |
| Loan-to-share ratio Middle half of peers: 62.05% to 86.41% | 89.18% | 75.66% | 81st position only |
Quarterly trends
Last 6 quarters of 5300 filings. Under each chart, Q2 2026 against Q2 2025. How these charts are built
$953.5M total assets against $836.1M; $822.6M total shares and deposits against $684.8M; $733.6M total loans against $616.5M.
$113.9M net worth against $109.9M.
11.95% net worth ratio against 13.13%.
89.18% loan-to-share ratio against 90.03%.
0.79% delinquency ratio against 0.70%.
0.23% return on assets against 0.18%; 1.96% return on equity against 1.37%.
3.81% net interest margin against 3.54%.
65,426 members against 64,138.
Quarterly trend: last 6 quarters
| Quarter | Net worth ratio | ROA | Delinquency | Loan-to-share |
|---|---|---|---|---|
| June 30, 2026 | 11.95% | 0.23% | 0.79% | 89.18% |
| March 31, 2026 | 11.70% | 0.46% | 0.94% | 90.05% |
| December 31, 2025 | 13.45% | 0.37% | 0.84% | 89.62% |
| September 30, 2025 | 13.19% | 0.47% | 0.64% | 91.72% |
| June 30, 2025 | 13.13% | 0.18% | 0.70% | 90.03% |
| March 31, 2025 | 13.08% | -0.88% | 0.56% | 88.06% |
Scroll sideways to see every column.
How we read these figures
Glossary: net worth ratio, delinquency, ROA, loan-to-share. The net worth category is ours, from NCUA's 7% well and 6% adequately capitalized cutoffs. It is not NCUA's determination, which can differ. ROA, ROE and margin annualize the quarter; NCUA's Financial Performance Report annualizes the year to date (YTD). Peer rank interpolates size-band percentiles. Methodology.