Commercial Credit Analyst

Credit Union 1 is Recognized as a Chicago Tribune and Las Vegas Review-Journal Top Workplace 2025

We are excited to announce that Credit Union 1 has been recognized as a Chicago Tribune and Las Vegas Review-Journal Top Place to work for the fifth year in a row! The Top Workplaces explore how organizations create and sustain a positive and productive work culture. A great culture is important to Credit Union 1, and our culture is made up of more than great benefits and time off.

Join the Credit Union 1 Team

If you are highly motivated, friendly, and looking for a great place to work, join the Credit Union 1 team. As an employee of Credit Union 1, you will be part of a well-established and respected credit union that offers you amazing benefits, along with both stability and the opportunity for a great career path.

Top reasons to begin a career at Credit Union 1:

• Get paid for NOT working 14 holidays each year!
• Paid Time Off (PTO) begins accruing day one of employment
• Tuition reimbursement for approved courses (after 1 year)
• Free Employee Assistance Program (EAP)
• Livongo Diabetes Management Program
• Career growth opportunities it's our philosophy to promote from within whenever possible. Credit Union 1 is committed to your success and professional development.
• Excellent benefits packages including:
  • Medical PPO insurance
  • High Deductible Health Plan (HDHP) and Health Savings Account (HSA)
  • Dental & vision insurance
  • Life, AD&D, short and long-term disability insurance (100% company paid)
  • 401(k) retirement and profit-sharing plan (must be 20 years old)
  • Free Teledoc 24/7 Physician Services
  • Pet Insurance
  • Paid Family Medical Leave (When FMLA Eligible)
• Being part of a team providing services with the goal of improving the ongoing economic well-being of our members.
• Exclusive interest rate reduction for qualifying loan products.

The Job at a Glance

The Commercial Credit Analyst plays a critical role in evaluating the financial health and creditworthiness of commercial loan applicants. This position supports the lending team by conducting thorough financial analysis, preparing credit memos, and ensuring compliance with internal policies and regulatory requirements.

A Typical Day

• Analyze financial statements, tax returns, cash flow projections, and other relevant documents to assess borrower risk.
• Prepare detailed credit memorandums with recommendations for loan approval, modification, or denial.
• Monitor existing loan portfolios for performance, covenant compliance, and risk indicators.
• Collaborate with Relationship Managers and Loan Officers to structure credit solutions that meet member needs while mitigating risk.
• Assist in underwriting new commercial loans and renewals, including lines of credit, term loans, and real estate financing. Provides written recommendation to Senior Commercial Credit Analyst or Director of Credit for approval.
• Stay current on industry trends, market conditions, and regulatory changes affecting commercial lending.
• Ensure all credit files are complete, accurate, and compliant with internal and external audit standards.
• Adheres to Credit Union 1’s MBL policies and procedures; stays abreast of regulations that impact lending and credit granting.
• Promote positive working relationships while working with other departments to provide services that exceed member expectations and consistency in processes for the membership and staff.
• Recommend product and process improvements to improve service to the members; protect the Credit Union’s assets and increase productivity and operational efficiencies.
• Perform other duties and assist other employees, as assigned.
• Effectively interact with and build collaborative relationships with commercial lenders, loan operations, legal counsel, and examiners
• Promote CU1’s core values of Be Great, Be Engaged, Be Open, Be Nice.

What We Look For

• Bachelor’s degree in Business Administration, Finance, Accounting, Economics or related field of study. Will accept any suitable combination of education, experience, and/or training.
• 2-5 years of experience in commercial credit analysis or commercial banking.
• Strong understanding of financial statement analysis, cash flow modeling, and credit risk assessment.

Location: 450 E. 22nd Street, Lombard, IL

Salary : $62,430 - $78,037