Security Credit Union is headquartered in Holly and is the 35th largest credit union in the state of Michigan. It is also the 641st largest credit union in the nation. It was established in 1955 and as of June of 2019, it had grown to 129 employees and 52,843 members at 11 locations. Security Credit Union has a B+ health rating.
Membership in Security Credit Union is open to those who live, work, worship, or attend school in any Michigan county.
See current membership details
I have a savings account with Security Credit Union and I love the interest rate you get with them! It was better then my banks was. One of the best benefits that stands out with S.C.U. is that they sent me a option to get life insurance because I am a member there. It too was a better deal then I had with my regular life insurance company. Its also really close to my house which makes it convenient. One thing I want to say though about them that isn't so great.. is that when I became a member, I kind of felt like they grilled me for financial information. I know it was to gain me as a all around customer (get a checking account and all the other services they provide) but it felt like I was in there for an hour too long listening to sales pitches. I was also told one thing particularly convenient to my personal needs when I was signing up, and then when I called up there to use this feature the customer service rep said "we do not do that". I told her I had been told it was available and she sat silent which made me feel like she wanted me to "just go away". I went into the bank a few months later and as I was standing at the tellers window she offered me the service the customer service rep said was not available. That was the one and only time I have had a bad experience in there.
|Return on Assets - YTD||0.4%|
|Return on Equity - YTD||4.47%|
|Annual Interest Income||$8.8MM|
|Assets and Liabilities|
|Assets||Q2 2019vs Q2 2018||$434.5MM$430.3MM|
|Loans||Q2 2019vs Q2 2018||$341.2MM$314.3MM|
|Deposits||Q2 2019vs Q2 2018||$389.3MM$387.2MM|
|Equity Capital||Q2 2019vs Q2 2018||$39.1MM$36.5MM|
|Loan Loss Allowance||Q2 2019vs Q2 2018||$2.1MM$2.0MM|
|Unbacked Noncurrent Loans||Q2 2019vs Q2 2018||$2.7MM$3.8MM|
|Real Estate Owned||Q2 2019vs Q2 2018||$766.00K$802.00K|
Rates for Security Credit Union are currently being reviewed.