The employees of Victor Adding Machine Company chartered VAMCO Credit Union in 1940 with this simple goal in mind; join together and improve their lives by pooling savings and making loans to each other at reasonable rates.   

With the support of member-owners VAMCO Credit Union has grown from that humble beginning to serve over 100 Member Companies, and many communities in the Greater O’Hare corridor.  Our large geographic membership area means you and your family members may be eligible to join VAMCO Credit Union.  To confirm your eligibility please call 847-699-1600, or email us at VAMCOCU@aol.com.  We want to serve you!

Member-owners truly control the destiny of their financial cooperative. Since 1940, VAMCO Credit Union has NEVER been bought or sold to profit a small group of investors.  Can most banks say the same?

Safety and Soundness

VAMCO Credit Union primarily engages in secured (real estate, cars, trucks, collector cars etc.) and unsecured (signature, VISA CARD) consumer loans to member-owners.  VAMCO does not invest in speculative or risky ventures.

Member-owners savings at VAMCO are protected by the National Credit Union Share Insurance Fund (NCUSIF), which is administered by the NCUA. 

VAMCO Credit Union has been at the same location for 25 years.  Its senior management staff has over 65 years of combined industry knowledge and experience.  

Regulation and Supervision

VAMCO Credit Union is a State of Illinois Chartered Financial Institution under the Supervision of the Illinois Department of Financial and Professional Regulation (IDFPR).  VAMCO consistently receives the highest possible safety and soundness ratings from its regulatory agency.