Scott Credit Union is headquartered in Edwardsville and is the 8th largest credit union in the state of Illinois. It is also the 262nd largest credit union in the nation. It was established in 1943 and as of June of 2023, it had grown to 340 employees and 151,314 members at 26 locations. Scott Credit Union's CD rates are 5X the national average, and it has a B health rating.
Field of Membership Restrictions
Membership in Scott Credit Union is open to individuals (and their immediate family) who live or work in the Illinois counties of Bond, Calhoun, Christian, Clinton, Crawford, Effingham, Fayette, Franklin, Greene, Jackson, Jasper, Jefferson, Jersey, Macoupin, Madison, Marion, Monroe, Montgomery, Morgan, Perry, Randolph, Sangamon, Shelby, St. Clair, Washington, Will, or Williamson, or in the Missouri counties of St. Charles or St. Louis, or the city of St. Louis. Membership is also open to active, reserve, or retired military or civilian employees of Scott Air Force Base and other Select Employer Groups (a complete list of groups can be found on Scott Credit Union's website).
See current membership details
Hands Down The Best Credit Union In Missouri!!!
I am one of the newest St. Louis Missouri residents to become a member of the Illinois based credit union, and I have to say hands down the best Finacial institution in our great state of Missouri, I have many Missouri Credit union memberships along with their auto loans and Platinum Credit Cards, the minute I switched to Scott Credit union I instantly seen my money grow from their high interest free checking account to their extremely low rated visa credit card, there’s no other bank or credit union out there even close to what Scott Credit Union offers, thank you Scott credit union for expanding to Missouri residents!
Credit Union you can count on
The customer service for the Credit Union goes beyond what you would normally find in today's competition. The drive through service is easy access and well maintained as well. They offer a friendly atmosphere for all your banking needs.
SCU does great by me
I've been a customer of Scott Credit Union since I moved to the metro east area in 1990. In that time they've financed 5 cars and a house for me and I've always been happy with their service.
Bank Is Okay Credit Cards Not So Much
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
Worst Bank
I urge anyone that is considering this credit union to go elsewhere. If you're already there then pull your money out. The customer service is horrible. The team members aren't knowledgeable. It takes them days longer to complete transactions that other banks can do immediately to 48 hours. SCU will hold your money as long as they can to earn interest for themselves before they release it to you. Someone else said it on this thread over a year ago, RUN DON'T WALK!
Keep Looking Horrible Customer Service
this bank and all their branches have absolutely horrible customer service they do not even know the definition of the word do yourself a favor and keep on shopping for a better Bank...
Run Don't Walk, Worst Credit Union There Is!!
I finally got away from Scott Credit Union and will NEVER go back. Avoid them!!! Truly this is the worst credit union or financial institution I have ever had to deal with. I was with them for almost 15yrs and all they did was gouge me continuously for fees, fees and more fees. All you have to do is go onto the NCUA site and read their financial statement shows they made $4mil in fee income this year alone!!! They got me for $20K from 2011 to present and I am a twice widowed mother, have worked in finance, banking and the government my entire life!! If they are stupid enough to pull this on me, they will do it to anyone. One day they will have to answer to God for all they do!!
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 66370 |
| Year Chartered | 1943 |
| Employees | 340 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.68% |
| Return on Equity - YTD | 8.76% |
| Annual Interest Income | $39.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $1.80B$1.74B |
| Loans | Q2 2023vs Q2 2022 | $1.30B$1.29B |
| Deposits | Q2 2023vs Q2 2022 | $1.54B$1.57B |
| Equity Capital | Q2 2023vs Q2 2022 | $136.9MM$132.0MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$9.2MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $11.9MM$9.2MM |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
