Southern Lakes Credit Union

Overview / Commentary
3000 80th Street
Kenosha, WI 53142

Southern Lakes Credit Union is headquartered in Kenosha and is the 47th largest credit union in the state of Wisconsin. It is also the 1,722nd largest credit union in the nation. It was established in 1935 and as of December of 2019, it had grown to 22 employees and 10,106 members at 3 locations. Southern Lakes Credit Union has a B+ health rating.

Field of Membership Restrictions

Southern Lakes Credit Union 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)

Review for Southern Lakes Credit Union in Kenosha, WI

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.

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

NCUA #66707
Year Chartered1935
Primary Regulator
Profit Margin
Return on Assets - YTD0.53%
Return on Equity - YTD6.24%
Annual Interest Income$3.1MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$90.7MM$87.1MM
LoansQ4 2019vs Q4 2018$60.9MM$61.3MM
DepositsQ4 2019vs Q4 2018$82.3MM$78.4MM
Equity CapitalQ4 2019vs Q4 2018$7.8MM$7.0MM
Loan Loss AllowanceQ4 2019vs Q4 2018$204.00K$225.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$157.00K$148.00K
Real Estate OwnedQ4 2019vs Q4 2018$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.

Southern Lakes Credit Union Savings Account Rates

0.35%--Health Savings Account
0.25%--Youth Share Savings
0.15%$50-Holiday Club
0.10%$5- Share Savings
0.10%*$7.5k*$100kIRA Savings
OTHER TIERS: 0.05% $500 - $2k | 0.06% $2k - $5k | 0.08% $5k - $7.5k
0.10%--Sub Share Savings
0.10%--Summer Share Savings
0.10%--Vacation Share Savings

Southern Lakes Credit Union Money Market Rates

0.25%*$50k*-Money Market
OTHER TIERS: 0.10% $10k - $25k | 0.15% $25k - $50k

Southern Lakes Credit Union CD Rates

1.00%$500-60 Month CD
0.85%$500-48 Month CD
0.75%$500-36 Month CD
0.70%$500-24 Month CD
0.55%$500-18 Month CD
0.50%$500-12 Month CD
0.35%$500-6 Month CD

Southern Lakes Credit Union IRA Rates

1.00%$500-60 Month IRA
0.85%$500-48 Month IRA
0.75%$500-36 Month IRA
0.70%$500-24 Month IRA
0.55%$500-18 Month IRA
0.50%$500-12 Month IRA

Southern Lakes Credit Union Locations
Branch Office5001 60th StKenosha, WI 53144
Branch Office17 N Washington StElkhorn, WI 53121
Branch Office3000 80th StKenosha, WI 53142

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