Selfreliance Federal Credit Union is headquartered in Chicago and is the 11th largest credit union in the state of Illinois. It is also the 406th largest credit union in the nation. It was established in 1951 and as of June of 2023, it had grown to 106 employees and 34,212 members at 11 locations. Selfreliance Federal Credit Union's money market rates are 7X 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
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Selfreliance Credit Union
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.
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 7346 |
| Year Chartered | 1951 |
| Employees | 106 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.68% |
| Return on Equity - YTD | 5.16% |
| Annual Interest Income | $22.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $1.08B$819.9MM |
| Loans | Q2 2023vs Q2 2022 | $499.4MM$445.6MM |
| Deposits | Q2 2023vs Q2 2022 | $720.5MM$691.9MM |
| Equity Capital | Q2 2023vs Q2 2022 | $127.1MM$120.8MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $2.0MM$2.0MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $8.3MM$4.1MM |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
