Sep, 30, 2025 — SOUTH CENTRAL CREDIT UNION is a federally insured state chartered credit union headquartered in JACKSON, MI with 2 branch locations and about $84.65 million in total assets. Opened 72 years ago in 1954, SOUTH CENTRAL CREDIT UNION has about 6,777 members and employs 20 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SOUTH CENTRAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 958 W Monroe St JACKSON, MI 49202-2036 |
| Phone: | (517) 787-2220 |
| Fax: | (517) 787-7082 |
| Website: | https://www.southcentralcu.org |
| Branches: | 2 branch locations |
| Members: | 6,777 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62143 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $84,651,615 |
| CEO/Manager: | Eric M Samon |
| Chairperson: | Judith H Landau |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,012,088 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,839,419 |
| Unsecured Loans | 3,515,868 |
| Other Loans | 32,711,130 |
| TOTAL LOANS | 39,066,417 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -566,062 |
| Land And Building | 3,352,937 |
| Other Fixed Assets | 281,047 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 685,404 |
| All Other Assets | 0 |
| TOTAL ASSETS | 84,651,615 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 263,801 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 17,859,316 |
| Regular shares | 26,222,415 |
| All Other Shares & Deposits | 28,309,963 |
| TOTAL SHARES & DEPOSITS | 72,391,694 |
| TOTAL LIABILITIES | 72,655,495 |
| Regular Reserve | 0 |
| Other Reserves | 394,811 |
| Undivided Earnings | 11,601,309 |
| TOTAL EQUITY | 11,996,120 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 84,651,615 |
| INCOME & EXPENSE | |
| Loan Income | 1,632,065 |
| Investment Income | 1,108,615 |
| Other Income | 629,273 |
| Total Employee Compensation & Benefits | 1,114,533 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,697,712 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 61,117 |
| Cost of Funds | 344,634 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 231,895 |
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