South Central Credit Union

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A short history of South Central CU

Since its inception in 1954 the South Central Credit Union has been serving its members in the JACKSON, Michigan area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Terri Papiersky, the South Central CU has grown its membership to over 7,569 with assets of more than $73,407,566. They have a main office and 2 branch offices. Please see the credit unions website or contact them by phone at (517) 787-2220 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in JACKSON, MI.

General Information For South Central CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 62143
Address P.O. BOX 27 
State Michigan 
Zip-Code 49204
Phone Number (517) 787-2220
Fax Number (517) 787-7082
Email Address:
CEO/President Terri Papiersky
Members 7,569 
Full-Time Employees 14 
Part-Time Employees
Number of Branch Offices
Total Assets 73,407,566 

Compare South Central Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
American 1 CU Sterling Heights 38169 Utica Rd 48312 (586) 939-3937 No 0.29
Aeroquip CU CU*Answers 6000 28th St SE 49546 (800) 327-3478 No 0.36
Jackson Community CU Jackson Community FCU 408 E Ganson St 49201 (517) 787-0029 No 0.62
Cp CU Country Market 1210 W Parnall Rd 49202 (517) 784-7101 No 1.50
Marshall Community CU Marshall Community Credit Union 1157 Michigan Ave E 49068 (269) 781-9885 No 29.26

South Central Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

South Central Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 12.90 4.59 4.59 3.38 7.25
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 452 351 277 58 440
Rank Among All Michigan Credit Unions 80 102 69 4 86

South Central Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.15 0.15 0.67 0.30 0.30
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 108 119 39 302 259
Rank Among All Michigan Credit Unions 11 14 3 70 56
South Central Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 12.9001,0952,608,260
All Other Unsecured Loans/Lines of Credit 8.990955966,318
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 4.5901822,786,085
Used Vehicle Loans 4.5901,06412,889,833
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.380342,181,554
Total Other Real Estate Loans/Lines of Credit 7.250701,705,374
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 4.5905915,603,816
TOTAL LOANS & LEASES 3,99128,741,240

South Central Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 131,298,9796689,779
    b. 15 Years or less 21882,57500
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 15325,69200
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 551,379,68200
Open-End Fixed Rate 0000
TOTALS 1043,886,9286689,779


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

South Central Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes