Southern Lakes Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
1.76%	5-year CD	60 Month CD 2.35% - Synchrony Bank 60 Month CD
0.50%	1-year CD	12 Month CD 1.40% - Synchrony Bank 12 Month CD
0.05%	Savings	MTG PMT Hold 1.20% - Goldman Sachs Bank USA Online Savings

View all Southern Lakes Credit Union rates »

Overview / Commentary

southernlakescu.org

262-694-1600

3000 80th Street
Kenosha, WI 53142

Southern Lakes Credit Union is headquartered in Kenosha and is the 50^th largest credit union in the state of Wisconsin. It is also the 1,732^nd largest credit union in the nation. It was established in 1935 and as of March of 2017, it had grown to 18 employees and 10,325 members at 3 locations. Southern Lakes Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to those who live or work in Racine, Kenosha, Milwaukee, Walworth, Rock, and Waukesha Counties in Wisconsin or McHenry or Laike Counties in Illinois.
See current membership details

Reviews (1)

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Review for Southern Lakes Credit Union in Kenosha, WI

Posted by: janderson76 | Sep 17, 2014

Southern Lakes is a great credit union. I currently have my auto loan through them and am very happy with the rate and terms that they have given me. However, their online account access and bill pay still needs significant work. Today, I have to write a check out for my auto loan. It is seriously the only bill I have that cannot be paid online. I'd really like to see some work done there. But otherwise, customer service, etc. has been great.

Comment

2

Health

B+

Data as of Q1 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. Southern Lakes Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #	66707
Year Chartered	1935
Employees	18
Primary Regulator

Profit Margin
Return on Assets - YTD	0.08%
Return on Equity - YTD	0.98%
Annual Interest Income	$636.00K

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$88.6MM$87.8MM
Loans	Q1 2017vs Q1 2016	$60.6MM$61.0MM
Deposits	Q1 2017vs Q1 2016	$79.3MM$78.3MM
Equity Capital	Q1 2017vs Q1 2016	$7.0MM$7.0MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$222.00K$214.00K
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$162.00K$192.00K
Real Estate Owned	Q1 2017vs Q1 2016	$0$51.00K

Rates

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Savings
Money Market
Checking
CD
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Southern Lakes Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.40%	-	-	6 M Little Sav
0.14%	-	-	Escrow
0.10%^*	$7,500^*	$100k	IRA Savings
OTHER TIERS: 0.05% → $500 - $2k \| 0.06% → $2k - $5k \| 0.08% → $5k - $7,500
0.10%^*	$7,500^*	$100k	Roth IRA Savings
OTHER TIERS: 0.05% → $500 - $2k \| 0.06% → $2k - $5k \| 0.08% → $5k - $7,500
0.10%^*	$7,500^*	$100k	CESA Savings
OTHER TIERS: 0.05% → $500 - $2k \| 0.06% → $2k - $5k \| 0.08% → $5k - $7,500
0.05%	-	-	All Shares & JA
0.05%	-	-	Holiday Club
0.05%	-	-	MTG PMT Hold
0.05%	-	-	Health Savings Account

Southern Lakes Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.15%^*	$50k^*	-	Money Market
OTHER TIERS: 0.08% → Up to $10k \| 0.10% → $10k - $25k \| 0.12% → $25k - $50k

Southern Lakes Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.05%	-	-	GBA Drafts
0.05%	-	-	Business Drafts
0.05%	-	-	Super Draft

Southern Lakes Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.76%	$500	-	60 Month CD
1.51%	$500	-	48 Month CD
1.25%	$500	-	36 Month CD
0.85%	$500	-	24 Month CD
0.60%	$500	-	18 Month CD
0.50%	$500	-	12 Month CD
0.40%	$500	-	6 Month CD

Southern Lakes Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.76%	$500	-	60 Month IRA - Semi Annual
1.51%	$500	-	48 Month IRA - Semi Annual
1.25%	$500	-	36 Month IRA - Semi Annual
0.85%	$500	-	24 Month IRA
0.50%	$500	-	12 Month IRA

Locations

Southern Lakes Credit Union Locations
Branch Office	5001 60th St	Kenosha, WI 53144
Branch Office	17 N Washington St	Elkhorn, WI 53121
Branch Office	3000 80th St	Kenosha, WI 53142