South Central Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 2.50% | Reward Checking | Bonus Checking 1.92% - National Average |
| 1.25% | 5-year CD | 5 Year Gold CD 2.50% - Ally Bank High Yield 5 Year CD |
| 0.30% | 1-year CD | 1 Year Gold CD |
South Central Credit Union is headquartered in Jackson and is the 121st largest credit union in the state of Michigan. It is also the 1,880th largest credit union in the nation. It was established in 1954 and as of December of 2017, it had grown to 13 employees and 7,658 members at 2 locations. South Central Credit Union's money market rates are 3X the national average, and it has an A health rating.
Field of Membership Restrictions
Membership is open to anyone who donates $5 to the American Cancer Society. Membership is also open to employees and retirees of the state of Michigan who live in Branch, Calhoun, Hillsdale, Lewanee, Jackson, or Washtenaw Counties and to employees of 20 area employee groups.
See current membership details
Related Posts
Me and My Credit Union
My credit union is a lot like any bank i have used in the past, I use it for a basic checking and savings account. While I tend to use their phone system for most of my account transfer activities their system seems a bit out of date. I have had a lot of trouble setting up online banking with them in the past. When I need to deposit anything directly I tend to use the deposit window because that service tends to be faster and less complicated, however their hours are limited and it is much harder to deposit or do anything after hours at the credit union.
Data as of Q4 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 62143 |
| Year Chartered | 1954 |
| Employees | 13 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.56% |
| Return on Equity - YTD | 4.35% |
| Annual Interest Income | $2.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2017vs Q4 2016 | $75.1MM$70.5MM |
| Loans | Q4 2017vs Q4 2016 | $32.6MM$24.1MM |
| Deposits | Q4 2017vs Q4 2016 | $64.9MM$60.8MM |
| Equity Capital | Q4 2017vs Q4 2016 | $9.7MM$9.3MM |
| Loan Loss Allowance | Q4 2017vs Q4 2016 | $167.00K$115.00K |
| Unbacked Noncurrent Loans | Q4 2017vs Q4 2016 | $340.00K$256.00K |
| Real Estate Owned | Q4 2017vs Q4 2016 | $0$67.00K |
Always verify rates and promotions with the bank or credit union. We are not South Central 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.
South Central Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.36%* | $25k* | - | Platinum Plus Account | ||
| OTHER TIERS: 1.28% → Up to $25k | |||||
| 0.25% | - | - | Right Start Young Adult | ||
| 0.15% | $100 | - | Primary Shares | ||
| 0.15% | $100 | - | Reserve Shares | ||
| 0.15% | $100 | - | Growth Shares | ||
| 0.15% | $100 | - | Christmas Club | ||
| 0.15% | - | - | Youth Account | ||
| 0.15% | $100 | - | Mortgage Escrow | ||
| 0.15% | $100 | - | Insurance Escrow | ||
South Central Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.36%* | $25k* | - | Money Market | ||
| OTHER TIERS: 0.15% → $100 - $2,500 | 1.02% → $2,500 - $10k | 1.19% → $10k - $25k | |||||
| 1.00% | - | - | IRA Premium Money Market Account | ||
South Central Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.50% | - | $25k | Bonus Checking - Qualifying | |
| 0.15% | $100 | - | Draft Checking |
South Central Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.25% | $500 | - | 5 Year Gold CD | |
| 1.00% | $500 | - | 4 Year Gold CD | |
| 0.50% | $500 | - | 3 Year Gold CD | |
| 0.45% | $500 | - | 2 Year Gold CD | |
| 0.30% | $500 | - | 1 Year Gold CD | |
| 0.25% | $500 | - | 9 Month Gold CD | |
| 0.20% | $500 | - | 6 Month Gold CD | |
| 0.15% | $500 | - | 3 Month Gold CD |
South Central Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.25% | - | - | 5 Year IRA | |
| 1.00% | - | - | 4 Year IRA | |
| 0.50% | - | - | 3 Year IRA | |
| 0.45% | - | - | 2 Year IRA | |
| 0.30% | - | - | 1 Year IRA | |
| 0.25% | - | - | 9 Month IRA | |
| 0.20% | - | - | 6 Month IRA | |
| 0.15% | - | - | 3 Month IRA |
| South Central Credit Union Locations | ||
|---|---|---|
| Branch Office | 958 W Monroe St | Jackson, MI 49202-2036 |
| Branch Office | 2320 Francis St | Jackson, MI 49203 |