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South Central Credit Union

Popular Accounts at this Credit Union

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

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

South Central Credit Union is headquartered in Jackson and is the 124th largest credit union in the state of Michigan. It is also the 1,933rd largest credit union in the nation. It was established in 1954 and as of June of 2017, it had grown to 14 employees and 7,569 members at 2 locations. South Central Credit Union's money market rates are 77% higher than the national average, and it has an A 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.
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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

NCUA #62143
Year Chartered1954
Primary Regulator
Profit Margin
Return on Assets - YTD0.62%
Return on Equity - YTD4.82%
Annual Interest Income$1.0MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$73.4MM$70.7MM
LoansQ2 2017vs Q2 2016$28.7MM$23.3MM
DepositsQ2 2017vs Q2 2016$63.5MM$61.1MM
Equity CapitalQ2 2017vs Q2 2016$9.5MM$9.1MM
Loan Loss AllowanceQ2 2017vs Q2 2016$151.00K$153.00K
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$211.00K$315.00K
Real Estate OwnedQ2 2017vs Q2 2016$0$60.00K
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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

0.78%*$25k*-Platinum Plus Account
OTHER TIERS: 0.74% Up to $25k
0.25%--Right Start Young Adult
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

1.00%--IRA Premium Money Market Account
0.78%*$25k*-Money Market
OTHER TIERS: 0.59% Up to $10k | 0.69% $10k - $25k

South Central Credit Union Checking Account Rates

2.50%-$25kBonus Checking - Qualifying
0.15%$100-Draft Checking

South Central Credit Union CD Rates

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

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

South Central Credit Union Locations
Branch Office958 W Monroe StJackson, MI 49202-2036
Branch Office2320 Francis StJackson, MI 49203