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9122 S Kedzie Ave
Evergreen Park, IL 60805

South Division Credit Union is headquartered in Evergreen Park and is the 67th largest credit union in the state of Illinois. It is also the 2,261st largest credit union in the nation. It was established in 1935 and as of March of 2014, it had grown to 18 employees and 7,731 members. South Division Credit Union has a B health rating.

Field of Membership Restrictions

South Division Credit Union is a nationwide family community that accepts Members from any U.S. neighborhood of family and friends with a household USPS Zip Code ranging between 01000-99999. Membership is open to ChildrenĀ¹ (Kid's Club), Student's (Student's First Checking and Savings), and Adults (Full line of products and services). - See Details

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Reviews (2)

Be Careful What You Wish For...

I was looking for a better interest rate one evening, and these folks looked like a good bet - WRONG!  As I proceeded to fill out the online app., I read further into the offer and decided against joining.  Backed out all info. and closed the website.  NEVER clicked on a "confirm" or "submit" box of any kind, and DID NOT complete the app.  Two days later I've got paperwork (including what I DIDN'T fill out online) for my "new account" in the mail (so they could "legally open my account"), and my current checking account is being debited for the "initial deposit".  Once again, I NEVER completed, confirmed or submitted the application!  I immediately called South Division, and the representative promised to close the unauthorized account, refund my "deposit", and confirm all via email response to my email (sent minutes later) outlining the problem in writing.  Rec'd nothing.  Called AGAIN a few days later and asked for a supervisor.  He did not answer, so my problem and phone info. were taken with the promise of a phone response the following day, "as soon as he can look at the problem."  Again, NOTHING - NO RESPONSE!  I had to go to my current bank to have the unauthorized ACH transaction initiated by South Division reversed and my money refunded.  BEWARE!! 

Loan Service

Even if you have been with sdcu 10yrs, do not ask for a loan. You are better off getting money from somewhere else. The only benefit I see to this institution is early payroll deposit. I do mean early, like 2 days before payday. That is the only thing that keeps me here.


Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. South Division Credit Union has a relatively low asset base.

Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 South Division Credit Union had $585,000 in non-current loans and owned real-estate with $5.87 million in equity and loan loss allowances on hand to cover it. This gives South Division Credit Union a Texas Ratio of 9.96% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for South Division Credit Union decreased dramatically from 23.77% as of March 31, 2013 to 9.96% as of March 31, 2014, resulting in a positive change of 58.10%.This indicates that the balance sheet and financial strength for South Division Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, South Division Credit Union has decreased its total deposits by -$2.96 million, resulting in -6.02% 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 South Division Credit Union has shown is below average.



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. South Division Credit Union has $51.66 million in assets with $5.87 million in equity, resulting in a capitalization level of 11.37%, which is excellent.

Institution Statistics

NCUA #65550
Year Chartered1935
Primary Regulator
Assets and Liabilities
Assets$51.66 million
Loans$21.73 million
Deposits$46.23 million
Equity Capital$4.74 million
Loan Loss Allowance$1.13 million
Unbacked Noncurrent Loans$440,000
Real Estate Owned$145,000
Historic Data - March 2013
Assets$54.95 million
Equity Capital$4.88 million
Loan Loss Allowance$1.28 million
Unbacked Noncurrent Loans$440,000
Real Estate Owned$372,000
Profit Margin - Quarterly
Net Interest Margin1.91%
Return on Assets1.27%
Return on Equity13.83%
Interest Income$489,000

Always verify rates and promotions with the bank or credit union. We are not South Division Credit Union, we are a rate comparison website and can not provide official rates or promotions.

South Division Credit Union Savings Account Rates

0.08%$50k-Primary Savings
0.08%$50k-Club Savings
0.08%$50k-Student's First Savings
0.08%$50k-Kids Club Savings
0.08%$50k-IRA Accounts

South Division Credit Union Money Market Rates

0.15%$25k-Money Market Account

South Division Credit Union Checking Account Rates

0.10%-$25kFreedom Green Checking - Qualifying

South Division Credit Union CD Rates

0.70%$1k-5 Year CD
0.50%$1k-4 Year CD
0.40%$1k-3 Year CD
0.30%$1k-2 Year CD
0.15%$1k-1 Year CD
0.10%$1k-6 Month CD

South Division Credit Union IRA Rates

0.70%$500-5 Year IRA
0.50%$500-4 Year IRA
0.40%$500-3 Year IRA
0.30%$500-2 Year IRA
0.15%$500-1 Year IRA
0.10%$500-6 Month IRA

South Division Credit Union Locations
Branch Office820 S Damen AveChicago, IL 60612-3728
Branch Office14740 Cicero AveMidlothian, IL 60445-3173
Branch Office9122 S Kedzie AveEvergreen Park, IL 60805-1605
Branch Office9059 S Kedzie AveEvergreen Park, IL 608051301