South Central Credit Union (SCCU) is a member-owned
provider of financial services.
We are dedicated to quality member service
and to the credit union philosophy of
"People Helping People"
SCCU has three branches located in Jackson and Adrian.
We used to be South Central State Employees Credit Union (SCSECU),
and changed our name when we expanded our membership base.
Real People. Real Service. Real Difference.
OUR HISTORY
South Central Credit Union was organized as Tri-County State Employees Credit Union on June 16, 1954. In 1986 the name was changed to South Central State Employees Credit Union, when Tri-County merged with Sparton Employees Credit Union.
The Credit Union was organized for the purpose of promoting thrift among its members and to create a source of credit for them at legitimate rates of interest for provident purposes.
The biggest field of membership for the State employees is with the prison in Jackson County. Jackson has the world's largest walled prison. The Credit Union started out in the accounting department of the prison. It was also for Michigan Department of Transportation, State Police, Social Services, Secretary of State, Michigan Unemployment, and any other State employee in the three county area we served.
TIMELINE
1959: Added Branch and Hillsdale Counties to field of membership for State Employees.
April 1986: Merger with Sparton Employees Credit Union
1992: Amended to add 55 or older
December 14, 1993: Amended to change definition of "Immediate Family" to mean relatives by blood or marriage or any individual living under the same roof and in the same household as the member
April 26, 1994: Disbanded Supervisory Committee. Disbanded Credit Committee and formed Loan Review Committee
February 24, 1995: Amended so Home Equity loans can borrow up to $100,000 and 100% of the value
June 25, 1996: Amended to change a late fee on members who were 10 days or more delinquent. The fee is 20% of the interest due.
September 22, 1998: Amended to include Lenawee County to membership
|
|
|
