Featured Savings Rates
Featured Accounts

South Central Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.50%Reward CheckingBonus Checking
1.25%5-year CD5 Year Gold CD
0.30%1-year CD1 Year Gold CD

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

South Central Credit Union is headquartered in Jackson and is the 122nd largest credit union in the state of Michigan. It is also the 1,928th largest credit union in the nation. It was established in 1954 and as of June of 2016, it had grown to 13 employees and 7,657 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

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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
Employees13
Primary Regulator
Profit Margin
Return on Assets - YTD0.19%
Return on Equity - YTD1.5%
Annual Interest Income$877.00K
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$70.7MM$66.8MM
LoansQ2 2016vs Q2 2015$23.3MM$21.2MM
DepositsQ2 2016vs Q2 2015$61.1MM$57.6MM
Equity CapitalQ2 2016vs Q2 2015$9.1MM$8.8MM
Loan Loss AllowanceQ2 2016vs Q2 2015$153.00K$171.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$315.00K$200.00K
Real Estate OwnedQ2 2016vs Q2 2015$60.00K$0
Rates
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* 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
0.25%*$25k*-Platinum Plus Account
OTHER TIERS: 0.23% $3k - $25k
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