South Central Credit Union is headquartered in Jackson and is the 114th largest credit union in the state of Michigan. It is also the 1,870th largest credit union in the nation. It was established in 1954 and as of June of 2020, it had grown to 12 employees and 8,172 members at 1 location. South Central Credit Union 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
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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 While I tend to use their phone system for most of my account transfer activities their system seems a bit out of date.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 Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 62143 |
| Year Chartered | 1954 |
| Employees | 12 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.03% |
| Return on Equity - YTD | -0.28% |
| Annual Interest Income | $1.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $85.6MM$80.4MM |
| Loans | Q2 2020vs Q2 2019 | $33.2MM$37.6MM |
| Deposits | Q2 2020vs Q2 2019 | $75.0MM$69.7MM |
| Equity Capital | Q2 2020vs Q2 2019 | $10.1MM$10.0MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $676.00K$363.00K |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $553.00K$462.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$0 |