Featured Savings Rates
Featured Accounts
  2. South Central Credit Union

South Central Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.50%Reward CheckingBonus Checking
1.82% - National Average
1.25%5-year CD5 Year Gold CD
2.25% - Ally Bank High Yield 5 Year CDAdvertisement
0.30%1-year CD1 Year Gold CD
1.35% - Ally Bank High Yield 12-Month CDAdvertisement
View all South Central Credit Union rates »

Overview / Commentary
southcentralcu.org
517-787-2220
958 W Monroe St
Jackson, MI 49202-2036

South Central Credit Union is headquartered in Jackson and is the 125th largest credit union in the state of Michigan. It is also the 1,957th largest credit union in the nation. It was established in 1954 and as of December of 2016, it had grown to 12 employees and 7,519 members at 2 locations. South Central Credit Union has a B+ 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

View all posts from:


Reviews

No reviews have been left for this bank yet. Be the first to review.



Health
B+

Data as of Q4 2016

Learn why bank health matters
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. South Central Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #62143
Year Chartered1954
Employees12
Primary Regulator
Profit Margin
Return on Assets - YTD0.39%
Return on Equity - YTD2.97%
Annual Interest Income$1.8MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$70.5MM$67.7MM
LoansQ4 2016vs Q4 2015$24.1MM$22.9MM
DepositsQ4 2016vs Q4 2015$60.8MM$58.2MM
Equity CapitalQ4 2016vs Q4 2015$9.3MM$9.0MM
Loan Loss AllowanceQ4 2016vs Q4 2015$115.00K$158.00K
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$256.00K$254.00K
Real Estate OwnedQ4 2016vs Q4 2015$67.00K$60.00K
Rates
Skip to rates for:
Report an Issue

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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%--Right Start Young Adult
0.23%$3k$25kPlatinum Plus Account
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%--IRA Premium Money Market Account
1.00%--Roth IRA Premium Money Market Account
1.00%--CESA Premium Money Market Account
0.25%*$25k*-Money Market
OTHER TIERS: 0.15% → $2,500 - $10k | 0.20% → $10k - $25k

South Central Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%-$25kBonus Checking - Qualifying
0.15%$100-Draft Checking

South Central Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW 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
Locations


South Central Credit Union Locations
Branch Office958 W Monroe StJackson, MI 49202-2036
Branch Office2320 Francis StJackson, MI 49203