2 star ratingAverage User Rating:
2 star rating based on 1 review.

Scott Credit Union

Scott Credit Union Locations
1100 Beltline Road
Collinsville, IL 62234
(800) 888-4728
www.scu.org

NCUA

Scott Credit Union is headquartered in Edwardsville and is the 5th largest credit union in the state of Illinois. It is also the 231st largest credit union in the nation. It was established in 1943 and as of March of 2013, it had grown to 201 employees and 107,257 members. Scott Credit Union has a 5-star health rating.

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Expired: 5.26% 36-Month CD at an Illinois Credit Union (Scott) - 1/28/2008

Update 2/2/08: The CD rates have fallen. Please check the credit union's website for the latest rates.Scott Credit Union is offering very high yields on its 36-month share certificate....

High-Yield Reward Checking Account at an Illinois Credit Union (Scott) - 9/24/2007

Scott Credit Union is offering a reward checking account it calls Extreme Checking ...



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See Rates for: Checking | Savings | Money Market | CD | IRA

Scott Credit Union Checking Account Rates

ApyMinMaxProduct
1.55%-$25kExtreme Checking

Scott Credit Union Savings Account Rates

ApyMinMaxProduct
0.50%-$1kKidz Club
0.50%-$1kWiredUP
0.25%--Share Savings
0.25%--IRA Share
0.25%--Holiday Club
0.25%--Roth IRA Share
0.25%--CESA Share
0.25%--SEP IRA Share

Scott Credit Union Money Market Rates

ApyMinMaxProduct
0.40%$50k-Money Market Account

Scott Credit Union CD Rates

ApyMinMaxProduct
1.65%$100k-5 Year Share Certificate
1.45%$100k-4 Year Share Certificate
1.25%$100k-3 Year Share Certificate
1.00%$100k-30 Month Share Certificate
0.85%$100k-2 Year Share Certificate
0.70%$100k-18 Month Share Certificate
0.60%$100k-1 Year Share Certificate
0.45%$100k-6 Month Share Certificate

Scott Credit Union IRA Rates

ApyMinMaxProduct
1.65%$100k-5 Year IRA
1.65%$100k-5 Year Roth IRA
1.65%$100k-5 Year CESA
1.65%$100k-5 Year SEP IRA
1.45%$100k-4 Year IRA
1.45%$100k-4 Year Roth IRA
1.45%$100k-4 Year CESA
1.45%$100k-4 Year SEP IRA
1.25%$100k-3 Year IRA
1.25%$100k-3 Year Roth IRA
1.25%$100k-3 Year CESA
1.25%$100k-3 Year SEP IRA
1.00%$100k-30 Month IRA
1.00%$100k-30 Month Roth IRA
1.00%$100k-30 Month CESA
1.00%$100k-30 Month SEP IRA
0.85%$100k-2 Year IRA
0.85%$100k-2 Year Roth IRA
0.85%$100k-2 Year CESA
0.85%$100k-2 Year SEP IRA
0.70%$100k-18 Month IRA
0.70%$100k-18 Month Roth IRA
0.70%$100k-18 Month CESA
0.70%$100k-18 Month SEP IRA
0.60%$100k-1 Year IRA
0.60%$100k-1 Year Roth IRA
0.60%$100k-1 Year CESA
0.60%$100k-1 Year SEP IRA

Rates updated: 6/19/2013

Data for Q1 2013


Institution Statistics


SCOTT
NCUA #66370
BankRate ReportView
Year Chartered1943
Employees201
Primary Regulator

Assets and Liabilities

Assets$917.51 million
Loans$735.95 million
Deposits$817.95 million
Equity Capital$88.86 million
Loan Loss Allowance$6.74 million
Unbacked Noncurrent Loans$3.43 million
Real Estate Owned$64,000

Historic Data - March 2012

Assets$851.26 million
Equity Capital$79.23 million
Loan Loss Allowance$4.73 million
Unbacked Noncurrent Loans$3.27 million
Real Estate Owned$501,000

Profit Margin - Quarterly

Net Interest Margin1%
Return on Assets1.16%
Return on Equity12.02%
Interest Income$8.74 million
Non-Interest Income$3.62 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2013 Scott Credit Union had $3.5 million in non-current loans and owned real-estate with $95.6 million in equity and loan loss allowances on hand to cover it. This gives Scott Credit Union a Texas Ratio of 3.66% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Scott Credit Union decreased slightly from 4.50% as of March 31, 2012 to 3.66% as of March 31, 2013, resulting in a positive change of 18.69%.This indicates that the balance sheet and financial strength for Scott Credit Union has improved slightly in recent periods.
Deposit Growth5
In the past year, Scott Credit Union has increased its total deposits by $56.79 million, resulting in 7.46% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Scott Credit Union has shown is excellent.
Capitalization4
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Scott Credit Union has $917.51 million in assets with $95.6 million in equity, resulting in a capitalization level of 10.42%, which is above average.
Write Review

Bank Is Okay Credit Cards Not So Much
2 stars - deekay - Friday, March 29, 2013 - 12:38 PM

Being a member of this bank for over 10 years and enjoyed their services until the several updates to the online banking.

 Since their constant upgrades/downtime on weekends, it makes it nearly impossible to do any onlqine banking on the weekends.  With that said, trying to find out your credit card balance is a game of "Chutes and Ladders."  To ensure a payment is recieved you have to either pay over the phone or transfer from SCU website.  Problem is if you transfer, good luck on knowing what your balance/payment is supposed to be.  To find that out you have to go to the credit card site.  

To top it off, they are always placing you on hold or sending you through some automated messaging system.

If you are using them for checking and savings, with out online banking non the weekends,  they are okay but I woukdn't count on anything more then that

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