South Central Credit Union


Overview / Commentary
517-787-2220
958 W Monroe St
Jackson, MI 49202

South Central Credit Union is headquartered in Jackson and is the 122nd largest credit union in the state of Michigan. It is also the 1,981st largest credit union in the nation. It was established in 1954 and as of December of 2024, it had grown to 19 employees and 7,114 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 those who live, work, worship, or attend school in the Michigan counties of Branch, Calhoun, Eaton, Hillsdale, Ingham, Jackson, Lenawee, Livingston, or Washtenaw.
See current membership details

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Health
B+
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
Employees19
Primary Regulator
Profit Margin
Return on Assets - YTD0.72%
Return on Equity - YTD5.09%
Annual Interest Income$3.7MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$83.6MM$84.2MM
LoansQ4 2024vs Q4 2023$37.9MM$42.4MM
DepositsQ4 2024vs Q4 2023$71.4MM$72.6MM
Equity CapitalQ4 2024vs Q4 2023$11.8MM$11.2MM
Loan Loss AllowanceQ4 2024vs Q4 2023$726K$919K
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$334K$259K
Real Estate OwnedQ4 2024vs Q4 2023$16K$0
Rates

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Locations


South Central Credit Union Locations
Branch Office958 W Monroe StJackson, MI 49202-2036
Branch Office2221 E South StJackson, MI 49201-8713

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