Selfreliance Federal Credit Union

Overview / Commentary
2332 W Chicago Ave
Chicago, IL 60622

Selfreliance Federal Credit Union is headquartered in Chicago and is the 15th largest credit union in the state of Illinois. It is also the 509th largest credit union in the nation. It was established in 1951 and as of June of 2020, it had grown to 95 employees and 23,934 members at 9 locations. Selfreliance Federal Credit Union's money market rates are 2X the national average, and it has an A health rating.

Field of Membership Restrictions

Selfreliance Federal Credit Union eligibility is only available to those who are members of the Selfreliance Association of American- Ukrainians, Inc. in Newark, Jersey City, NJ and Chicago, Illinois, and Future Ukrainian- American Aid Association of Detroit, Michigan.
See current membership details

Reviews (1)

Selfreliance Ukrainian American Credit Union Review

I'm pleased with the fact that I have banked with Selfreliance in some way through most of my life. While they are no longer my primary checking or savings account, they have provided invaluable guidance by being my business account primary bank. Because I am Ukrainian and the bank caters to the local community, they have been able to refer clients to my business in return for my commitment to their business banking products. They offer competitive rates and are usually on par with big banks and the service is actually better, because they are community oriented. Also, they are bilingual, dealing mainly with Ukrainian clients, but also with Spanish clients. Their ability to adapt is well intentioned and a sign of progress for a credit union. Even the Board of the bank remains intact after many years and features people I trust. While they're a little behind in some categories like ATM advancements and credit cards, they usually catch up and are able to adapt to their clients' needs.


Health Grade Components

NCUA #7346
Year Chartered1951
Primary Regulator
Profit Margin
Return on Assets - YTD0.26%
Return on Equity - YTD1.49%
Annual Interest Income$9.9MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$673.1MM$594.0MM
LoansQ2 2020vs Q2 2019$335.2MM$267.9MM
DepositsQ2 2020vs Q2 2019$550.5MM$478.6MM
Equity CapitalQ2 2020vs Q2 2019$114.4MM$112.2MM
Loan Loss AllowanceQ2 2020vs Q2 2019$2.6MM$2.1MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$6.8MM$4.0MM
Real Estate OwnedQ2 2020vs Q2 2019$0$576.00K
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Always verify rates and promotions with the bank or credit union. We are not Selfreliance Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Selfreliance Federal Credit Union Savings Account Rates

2.02%$10-Coverdell Education Savings Account
2.02%--IRA Savings
0.10%--Regular Savings

Selfreliance Federal Credit Union Money Market Rates

1.00%*$75k*-Market Share Accounts
OTHER TIERS: 0.05% $10 - $1k | 0.15% $1k - $25k | 0.50% $25k - $75k

Selfreliance Federal Credit Union Checking Account Rates

0.01%$10-Share Draft Accounts

Selfreliance Federal Credit Union CD Rates

1.26%$500$100k3 Year Share Certificate
1.21%$500$100k2 Year Share Certificate
1.05%$500$100k1 Year Share Certificate
0.65%$500$100k6 Month Share Certificate

Selfreliance Federal Credit Union IRA Rates

1.26%$500$100k3 Year IRA Share Certificate
1.21%$500$100k2 Year IRA Share Certificate
1.05%$500$100k1 Year IRA Share Certificate
0.65%$500$100k6 Month IRA Share Certificate

Selfreliance Federal Credit Union Locations
Branch Office558 Summit AveJersey City, NJ 07306
Branch Office5000 N Cumberland AveChicago, IL 60656
Branch Office7345 Orchard Lake RdWest Bloomfield, MI 48322
Branch Office26495 Ryan RdWarren, MI 48091
Branch Office2332 W Chicago AveChicago, IL 60622
Branch Office60C N Jefferson RdWhippany, NJ 07981
Branch Office136 E Illinois AvePalatine, IL 60067
Branch Office734 Sanford AveNewark, NJ 07106
Branch Office11838 Joseph Campau StHamtramck, MI 48212

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