Overview of Scott Credit Union

Scott Credit Union was established in 1943 and has been operating for the last 79 years. The credit union is based in the state of Illinois and is also the 8th largest credit union operating in the state based on its total assets. The company has a total of 24 branches and 338 employees.

Who Can Join?

Membership is open to individuals that fall into one of the following categories:

  • Anyone living or working in (or with immediate family members living or working in) any of the following counties in Illinois: Monroe, Madison, St. Clair, Morgan, Sangamon, Calhoun, Greene, Jersey, Macoupin, Montgomery, Christian, Shelby, Bond, Fayette, Effingham, Jasper, Crawford, Clinton, Marion, Washington, Jefferson, Randolph, Perry, Franklin, Jackson, or Williamson.
  • Anyone living or working in (or with immediate family members living or working in) the following counties in Missouri: St. Louis, St. Charles, and St. Louis City.
  • Current members’ immediate family, including any relative by blood or marriage or foster and adopted children.
  • Active or retired military of Scott AFB, including reserve components and civilian employees or retired civilian employees
  • Scott AFB authorized personnel”

In addition, you can view additional means of eligibility by visiting this page.

Products and Services

Scott Credit Union offers the following accounts and financial services to its members:

  • Checking – the credit union offers customers four checking account options: Blues Checking, EPIC Checking, Extreme Checking and Regular Checking. Its most basic option is the Regular Checking account which has no monthly service fee and no minimum balance requirement. With the three other options members can earn interest on their account at a rate of up to 1.05% currently.
  • Savings – the credit union offers Share Savings, Teen Share, Classic Club and Holiday Club Account options. With its Share Savings account you can earn a 0.05% annual return and the account has no monthly maintenance fees and only requires a $5.00 minimum balance to maintain the account.
  • Credit Cards – there are multiple credit card options for credit union members most notably its Extreme Visa Credit Card. This credit card allows holders to earn rewards and also has a 0% APR for the first 12 billing cycles. This is in addition to no annual fee. 
  • Mortgages – the credit union offers mortgages that have a 100% financing option for qualified buyers. It also has conventional loans as well as VA Loan options for members. You can learn more about mortgage offerings by visiting this page.

Balance Sheet Overview

The credit union has total assets of $1,647 million. It has a deposit base of $1,482 million which works out to $9,935 of deposits per member compared with the state-wide average of $15,284 and national average of $13,804. Scott Credit Union also has net loans outstanding of $1,115 million. The average credit union in Scott Credit Union’s peer set has a loan to deposit ratio of approximately 74%. In comparison, Scott Credit Union has a loan to deposit ratio of 75% which is clearly higher than the peer set. A lower ratio is generally better as it indicates that the lending activities of a credit union are more comfortably covered by its deposit base. Deposits are often the most cost effective source of funding for banks and credit unions. Taking a closer look at the credit union’s loan portfolio, we see that auto loans represent 56% of the total and currently stands at $620 million, while there is $296 million of loans outstanding from mortgages and lines of credit which represents 27% of the credit union’s loan portfolio.

Contact Information

  • Main Office Address: 101 Credit Union Way, Edwardsville, IL 62025
  • Website: http://www.scu.org
  • Phone: (618) 345-1000
  • Charter Number: 66370
  • Charter Year: 1943
  • Employees: 338
  • Routing Number: 281077522
  • Membership Trends: Scott Credit Union has a membership base of 149,197 which is significantly larger than the average credit union operating in the state of Illinois. The average credit union in the state has 16,643 members. Over the past three years, the credit union’s total base of members has increased by 4%.

Scott Credit Union Financials

scott credit union-balance-sheet-metrics-12-31-21

Detailed above is a chart showing the progression of four important balance sheet items over the past year for Scott Credit Union. Assets and total loans for the credit union have increased by 13.2% and expanded by 6.8%, respectively. In addition, the company’s auto loans, which as noted earlier is the largest portion of the loan book, has expanded by 5.5%. Lastly, the credit union’s deposits have increased by 15.7%. We like to look at a credit union’s net worth to get a sense of the performance of the entity over the years for its members. Scott Credit Union has a total net worth of $143 million while the average credit union in the United States has a net worth of $41 million. This implies that the credit union has a net worth per member of $960 which is below the national average of $1,633.

Overview of the Credit Union’s Performance Metrics

scott credit union-selected-performance-metrics-12-31-21

The above chart shows some of the important metrics we look at when assessing a credit union, and compares these to the average credit union of comparable size. It also shows how these metrics have fared over the past year. Beginning with Scott Credit Union’s return on assets (aka ROA), on this statistic the credit union performs below the average comparable credit union. When we look at the year over year trends, we can see that ROA has improved given the 0.16% change. A credit union’s ROA is a good way of assessing how well the entity is using its assets to generate returns. The delinquency rate is a measure of what percentage of an entity’s loan book has fallen past due i.e. is delinquent. All else equal, a higher rate implies a worse performing loan portfolio. In the case of Scott Credit Union its delinquency rate is well above its peers and over the past 12 months the credit union’s delinquency rate has improved substantially. The net worth ratio for the credit union is 8.7% and has declined compared with the prior year figure of 9.0%. The credit union is also below its peer group average of 9.8% on this metric. Finally, based on the NCUA guidelines, the company’s net worth ratio would classify it as well capitalized.


Our final rating for Scott Credit Union, after assessing the credit union on what we consider to be the important metrics, is 1.6 out of 5.0, which is below average. Importantly, please be aware that none of the information presented is meant to be investment advice or advice of any form. All of the information and views expressed in this note and on this site are purely for informational purposes.