South Division Credit Union

Overview / Commentary
9122 S Kedzie Ave
Evergreen Park, IL 60805

South Division Credit Union is headquartered in Evergreen Park and is the 78th largest credit union in the state of Illinois. It is also the 2,484th largest credit union in the nation. It was established in 1935 and as of March of 2021, it had grown to 18 employees and 5,345 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

Reviews (3)

Loan Service

Posted by: |

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.

Please Don't Bank Here

Posted by: |

If you live paycheck to paycheck DON'T bank with SDCU! They are all about the fees. I became disabled and they took the money out of my daughter's account to pay towards my SDCU credit card. They won't stop the interest on your credit card and let you pay the principal if you're dying of cancer! If you have a direct deposit they will hold your check from showing in your account if they know it will score them an insufficient funds fee. When I was able to work they told my accounting department the funds weren't wired when accounting wired them in a day earlier. Even if you plan on being in great health forever and will keep you job forever go bank somewhere else. Please please, take my advice and bank with Aspiration or any other bank or credit union for that matter! SDCU Sucks!

Be Careful What You Wish For...

Posted by: |

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!! 

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 relatively low asset base.

Health Grade Components

NCUA #65550
Year Chartered1935
Primary Regulator
Profit Margin
Return on Assets - YTD-0.64%
Return on Equity - YTD-20.83%
Annual Interest Income$284.00K
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$51.6MM$45.1MM
LoansQ1 2021vs Q1 2020$16.5MM$17.0MM
DepositsQ1 2021vs Q1 2020$47.5MM$39.9MM
Equity CapitalQ1 2021vs Q1 2020$1.6MM$4.0MM
Loan Loss AllowanceQ1 2021vs Q1 2020$700.00K$378.00K
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$21.00K$145.00K
Real Estate OwnedQ1 2021vs Q1 2020$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

South Division Credit Union Savings Account Rates

0.02%$50-Christmas/Vacation Club Savings
0.02%$50-Student's First Savings
0.02%$50-Kid's Club Savings
0.02%$50-IRA Savings
0.02%$50-Special Share Savings
0.02%--Membership Share Savings

South Division Credit Union Money Market Rates

0.10%*$25k*-Money Market Account
OTHER TIERS: 0.05% $2.5k - $10k | 0.07% $10k - $25k

South Division Credit Union CD Rates

0.75%$1k-5 Year CD
0.55%$1k-4 Year CD
0.45%$1k-3 Year CD
0.35%$1k-2 Year CD
0.20%$1k-1 Year CD
0.15%$1k-6 Month CD

South Division Credit Union IRA Rates

0.75%$500-5 Year IRA
0.55%$500-4 Year IRA
0.45%$500-3 Year IRA
0.35%$500-2 Year IRA
0.20%$500-1 Year IRA
0.15%$500-6 Month IRA

South Division Credit Union Locations
Branch Office820 S Damen AveChicago, IL 60612-3728
Branch Office14740 Cicero AveMidlothian, IL 60445-3173
Branch Office9122 S Kedzie AveEvergreen Park, IL 60805-1605
Branch Office9059 S Kedzie AveEvergreen Park, IL 60805-1301

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