Services

Low or No-cost Savings Account , SSCFCU offers a savings/share account that is only $25.00 to open inclusive of a one-time only $10.00 membership fee. The monthly minimum balance requirement is only $15.00. There is a $2.00 monthly service charge if the balance falls below $15.00. Direct Deposit and payroll deductions are available.

Free Checking Account – SSCFCU offers free share draft/checking accounts. It is $50.00 to open. Member must have a share account balance of $100 at the time the account is opened.

Small Business Savings & Checking - SSCFCU offers small business savings and share/draft checking accounts. Both are available to businesses within our field of membership. Member businesses may open a savings account for $100.00. Share draft /checking accounts can be opened for a minimum of $100.00. The monthly service charge is $10.00 if the balance falls below $1,000.00

Transfer sweeps - SSCFCU offers transfer sweeps as a form of overdraft protection. The cost is $5.00. Whenever the share draft/ checking account is overdrawn, the amount needed to cover the in-clearing item is automatically transferred from funds available is the savings/ share account to pay the item.

Check Cashing - SSCFCU is a cashless credit union and does not cash checks over the counter. SSCFCU maintains a relationship with BMO Harris Bank that cashes all SSCFCU teller checks and money orders free of charge at their Wentworth branch.

Money Orders - SSCFCU offers money orders for $1.00 each regardless of the amount. These money orders are withdrawn from a member's account.

Remittances – SSCFCU offers wire transfers and Western Unions at a cost of $20.00.

On-line services – SSCFCU now offers on-line/ mobile account access. Check with a member service representative for more details.

Debt Consolidation Loans - SSCFCU offers low-interest rate debt consolidation loans up to $5K.

Credit Enhancement – SSCFCU provides free one-on-one credit/financial counseling to help improve one's credit score. SSCFCU is a HUD certified home ownership counseling center. We also offer low interest rate credit builder loans.

Other Savings – SSCFCU offers IRA's, Youth, Holiday and Vacation Club accounts as well as Certificates of Deposit.

Small Dollar loans – SSCFCU offers low interest rate installment, personal, auto, home and small business loans. It even offers Payday Alternative Loans and Credit Builder loans. The application fee ranges between $10-$20. The interest rates range between 4.05% - 28% depending on the loan product, a person's credit score and their debt-to-income-ratio.

Financial Education/Planning Seminars - SSCFCU has 11 years experience in offering free financial education classes on and off-site of the credit union. It is an 8 week course. that provides certificates of completion.

 

Loans

Payroll Advance Loans

You can borrow up to $500 for 6 months. Application fee: $20.00 Interest Rate: 16%

Minimum Requirements: Must provide most recent two pay stubs, receive a direct deposit, maintain a $150 deposit balance, and have income of $1,000/mo.

Payday Alternative Loan Plus

You can borrow up to $1,000 for 6 months. Application fee: $20.00 Interest Rate: 28% or 27% with direct deposit

Minimum Requirement: Must provide most recent two pay stubs, maintain a $50.00 deposit balance, be a credit union member for 30 days, and have income of $1,000/mo.

Signature Loans

You can borrow between $1,000 - $5,000 for paying bills, debt consolidation and purchases. Application fee: $20.00 Terms: 6 months to 48 months Interest Rate: may range between 8% - 16%

Minimum Requirement: Must provide most recent two pay stubs, proof of rent or mortgage, maintain a $50.00 deposit balance, and demonstrate the capacity to repay the loan.

Credit Builder Loans

You can borrow between $150 and up. Application fee: $10.00 Terms: 6 months to 48 months Interest Rate: May range between 4.05% - 4.20% This loan is 100% secured by available funds in your share/savings account.

New and Used Auto Loans

SSCFCU will finance a new or used vehicle up to 90% of Kelley's Blue Book Value. Vehicle must be less than 7 years old. You can borrow up to $40K for a new car or $35K for a used car. Application fee: $20.00 Terms: Up to 48 mos. (used) & 72 mos. (new) Interest Rate: may range between 3.25% - 16%

Minimum Requirement: Must provide a vehicle description, most recent two pay stubs, proof of rent or mortgage, maintain a $50.00 deposit balance, and demonstrate the capacity to repay the loan. Comprehensive collision insurance required prior to loan disbursement.

Title "Alternative" Loans

You can borrow between $400 - $4,000 against the title to your vehicle.

Application Fee: $25.00 Term: 6 month to 24 months Interest Rate: 16% or 15.50% with direct deposit

Minimum Requirement: Must provide title, copy of registration and insurance. Provide most recent two pay stubs, proof of rent or mortgage, maintain a $50.00 deposit balance, be a credit union member for 3 days, and demonstrate the capacity to repay the loan.

Micro Business Loans

Loans are available up to $15,000.00 for start up and existing businesses. Terms: Up to 48 months at 10%

Application fee: $25.00 Fees: 3% collateral filing and processing

Requirements: Business must be a legal entity located on the South Side of Chicago (FOM), Must maintain $100 account balance, Loans over $5000.00 must be collateralized by auto or cash, and complete a loan application. Process may take up to 10 days after submitting a complete application.

Contact (773) 548-5500 for more information or visit www.southsidecommunityfcu.org to download an application.

 

Loan Programs from SSCFCU

TAL Loan

loan-micro

Small Business Loan Application

Sign up for Home Banking Today

HomeBanking

Bank from the comfort of your home!

 Click here for instructions!

 

Mortgages

Apply for your mortgage on-line using SSCFCU's secure on-line mortgage application tool!  Fast and user friendly, get an on-line decision within minutes!

Sign up to receive: Rate Alerts, Personal Rate Alerts, Mortgage Quotes and get a free pre-qualification!
For more information, contact Delores Allen, Mortgage / Housing Director at 773-548-8859.

Apply Now!

SSCEDC

Learn more about our partnership with the
South Side Community Economic Development Center

Download our Brochure!

SSCFCU-brochure tn

People Helping People

10yr Celebration


 

Come Join Us!

Joining the South Side Community Federal Credit Union is easy!


Come in and fill out an application, we would like to meet you! Applications are also available on-line, click here to download the application (Adobe Acrobat Reader required!)

South Side Community Federal Credit Union

5401 S. Wentworth Avenue Suite 25
Chicago, IL 60609

Phone: 773-548-5500

Hours of Operation

Mon & Weds 9:00 AM to 5:00 PM

Friday 10:00 AM to 6:00 PM

Saturday 10:00 AM to 2:00 PM

Closed Tuesdays & Thursdays