Selfreliance Federal Credit Union

Overview / Commentary
2332 W Chicago Ave
Chicago, IL 60622

Selfreliance Federal Credit Union is headquartered in Chicago and is the 11th largest credit union in the state of Illinois. It is also the 404th largest credit union in the nation. It was established in 1951 and as of December of 2023, it had grown to 118 employees and 37,716 members at 11 locations. Selfreliance Federal Credit Union's money market rates are 9X 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 (2)

Selfreliance Credit Union

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I want to be thankful the selfreliance credit union for supporting Ukrainians in such a difficult time. And I am also appreciate to employee of the bank, Tetyana Morozenko, who is always in an accessible form explains to newly arrived Ukrainians everything related to the banking system in the USA, helps to start a credit history, to create an application for tracking one's own funds. She is always eager to help. Thanks to such people, you feel like at home.

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 - YTD0.41%
Return on Equity - YTD3.53%
Annual Interest Income$52.8MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$1.11B$831.8MM
LoansQ4 2023vs Q4 2022$532.3MM$477.3MM
DepositsQ4 2023vs Q4 2022$740.6MM$698.9MM
Equity CapitalQ4 2023vs Q4 2022$128.7MM$124.1MM
Loan Loss AllowanceQ4 2023vs Q4 2022$2.3MM$2MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$9.4MM$5.6MM
Real Estate OwnedQ4 2023vs Q4 2022$0$0
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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

1.00%$10-Coverdell Education Savings Account
1.00%--IRA Savings
0.10%--Regular Savings

Selfreliance Federal Credit Union Money Market Rates

4.07%*$500k*-Market Share Accounts
OTHER TIERS: 0.05% Up to $1k | 1.51% $1k - $25k | 2.01% $25k - $75k | 2.52% $75k - $250k | 3.04% $250k - $500k

Selfreliance Federal Credit Union Checking Account Rates

0.01%$10-Share Draft Accounts

Selfreliance Federal Credit Union CD Rates

5.00%$500-7 Month Share Certificate
4.50%$500$1m6 Month Share Certificate
4.06%$500$1m1 Year Share Certificate
3.03%$500$1m2 Year Share Certificate
3.03%$500$1m3 Year Share Certificate

Selfreliance Federal Credit Union IRA Rates

5.00%$500$1m7 Month IRA Share Certificate
4.50%$500$1m6 Month IRA Share Certificate
4.06%$500$1m1 Year IRA Share Certificate
3.03%$500$1m2 Year IRA Share Certificate
3.03%$500$1m3 Year IRA Share Certificate


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