South Central Credit Union is headquartered in Jackson and is the 116th largest credit union in the state of Michigan. It is also the 1,887th largest credit union in the nation. It was established in 1954 and as of September of 2020, it had grown to 11 employees and 8,133 members at 1 location. South Central Credit Union has an A health rating.
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
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 While I tend to use their phone system for most of my account transfer activities their system seems a bit out of date.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.
Overall | |
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NCUA # | 62143 |
Year Chartered | 1954 |
Employees | 11 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.01% |
Return on Equity - YTD | 0.09% |
Annual Interest Income | $1.9MM |
Assets and Liabilities | ||
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Assets | Q3 2020vs Q3 2019 | $85.7MM$76.9MM |
Loans | Q3 2020vs Q3 2019 | $32.3MM$37.9MM |
Deposits | Q3 2020vs Q3 2019 | $75.1MM$66.4MM |
Equity Capital | Q3 2020vs Q3 2019 | $10.2MM$10.1MM |
Loan Loss Allowance | Q3 2020vs Q3 2019 | $685.00K$494.00K |
Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $522.00K$738.00K |
Real Estate Owned | Q3 2020vs Q3 2019 | $0$0 |
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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
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1.00% | - | - | IRA Premium Money Market Account | ||
0.20%* | $25k* | - | Money Market | ||
OTHER TIERS: 0.05% → $100 - $2.5k | 0.10% → $2.5k - $10k | 0.15% → $10k - $25k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
2.00%* | - | $25k | Bonus Checking - Qualifying | ||
OTHER TIERS: 0.05% → $25k+ | |||||
0.05% | $100 | - | Draft Checking |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
1.00% | - | - | 5 Year IRA | |
0.95% | - | - | 4 Year IRA | |
0.85% | - | - | 3 Year IRA | |
0.75% | - | - | 2 Year IRA | |
0.50% | - | - | 1 Year IRA | |
0.35% | - | - | 9 Month IRA | |
0.20% | - | - | 6 Month IRA | |
0.15% | - | - | 3 Month IRA |
South Central Credit Union Locations | ||
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Branch Office | 958 W Monroe St | Jackson, MI 49202-2036 |