South Division Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
0.02%	Reward Checking	Freedom Green Checking 1.85% - National Average
0.75%	5-year CD	5 Year CD 2.25% - Bank of Internet USA 60 Month CD
0.20%	1-year CD	1 Year CD 1.50% - Ally Bank No Penalty 11-Month CD

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Overview / Commentary

www.sdcu.org

708-857-7070

9122 S Kedzie Ave
Evergreen Park, IL 60805

South Division Credit Union is headquartered in Evergreen Park and is the 73^rd largest credit union in the state of Illinois. It is also the 2,382^nd largest credit union in the nation. It was established in 1935 and as of June of 2017, it had grown to 22 employees and 6,598 members at 4 locations. South Division Credit Union has a B health rating.

Field of Membership Restrictions

Membership in South Division Credit Union is open to anyone living in the United States or their relatives.
See current membership details

Loan Service

Posted by: Anonymous | Feb 11, 2011

Even if you have been with sdcu 10yrs, do not ask for a loan. You are better off getting money from somewhere else. The only benefit I see to this institution is early payroll deposit. I do mean early, like 2 days before payday. That is the only thing that keeps me here.

Comment

2

Be Careful What You Wish For...

Posted by: Anonymous | Oct 8, 2010

I was looking for a better interest rate one evening, and these folks looked like a good bet - WRONG! As I proceeded to fill out the online app., I read further into the offer and decided against joining. Backed out all info. and closed the website. NEVER clicked on a "confirm" or "submit" box of any kind, and DID NOT complete the app. Two days later I've got paperwork (including what I DIDN'T fill out online) for my "new account" in the mail (so they could "legally open my account"), and my current checking account is being debited for the "initial deposit". Once again, I NEVER completed, confirmed or submitted the application! I immediately called South Division, and the representative promised to close the unauthorized account, refund my "deposit", and confirm all via email response to my email (sent minutes later) outlining the problem in writing. Rec'd nothing. Called AGAIN a few days later and asked for a supervisor. He did not answer, so my problem and phone info. were taken with the promise of a phone response the following day, "as soon as he can look at the problem." Again, NOTHING - NO RESPONSE! I had to go to my current bank to have the unauthorized ACH transaction initiated by South Division reversed and my money refunded. BEWARE!!

Comment

4

Health

B

Data as of Q2 2017

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 Division Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #	65550
Year Chartered	1935
Employees	22
Primary Regulator

Profit Margin
Return on Assets - YTD	0.63%
Return on Equity - YTD	6.05%
Annual Interest Income	$792.00K

Assets and Liabilities
Assets	Q2 2017vs Q2 2016	$48.4MM$48.4MM
Loans	Q2 2017vs Q2 2016	$17.9MM$19.4MM
Deposits	Q2 2017vs Q2 2016	$42.5MM$42.5MM
Equity Capital	Q2 2017vs Q2 2016	$5.0MM$5.1MM
Loan Loss Allowance	Q2 2017vs Q2 2016	$798.00K$905.00K
Unbacked Noncurrent Loans	Q2 2017vs Q2 2016	$243.00K$179.00K
Real Estate Owned	Q2 2017vs Q2 2016	$0$134.00K

Rates

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