Overview of Southern Lake Credit Union
Southern Lake Credit Union officially got its credit union charter in the year 1935 and is the 47th largest credit union operating in the state of Wisconsin. The credit union operates under a state charter and is mainly engaged in the provision of auto loans to its members. This is based on its loan portfolio of which auto loans represented 71% of its total lending in 2021. The company has 3 branches and 31 employees.
Who Can Join Southern Lake Credit Union?
You are eligible to join Southern Lakes if you live and/or work in the following Wisconsin counties: Kenosha, Walworth, Milwaukee, Racine, Rock, and Waukesha or in the following Illinois counties: Lake and McHenry. Additionally any member of the immediate family of any existing member may become a member of the Credit Union
Contact Information For Southern Lake Credit Union
- Main Office Address: 3000 80th Street, Kenosha, WI 53142
- Website: http://southernlakescu.org
- Phone: (262) 694-1600
- Charter Number: 66707
- Charter Year: 1935
- Employees: 31
- Routing Number: 275978310
- Membership Trends: Southern Lake Credit Union has a membership base of 9,884 which is significantly smaller than the average credit union operating in the state of Wisconsin. The average credit union in the state has 30,696 members. Over the past three years, the credit union’s total base of members has declined by 4%.
Financial Information For Southern Lake Credit Union
- Total Assets: $117 million
- Total Loans: $63 million
- Total Net Worth: $8 million
- Total Net Worth Per Member: $835
- Net Worth Ratio: 7.0%.
- Based on the NCUA guidelines, this credit union is well capitalized.
Southern Lake Credit Union Branches
Westside Branch
- Address: 5001 60th Street, Kenosha, WI 53144
- Phone Number: (262) 694-1600
- Hours of Operation
- Mon-Thu: 9:00am – 5:00pm
- Friday: 9:00am – 6:00pm
- Saturday: 9:00am – 12:00pm
Sunnyside Branch
- Address: 3000 80th Street, Kenosha, WI 53142
- Phone Number: (262) 694-1600
- Hours of Operation
- Mon-Thu: 9:00am – 5:00pm
- Friday: 9:00am – 6:00pm
- Saturday: 9:00am – 12:00pm
Walworth County Branch
- Address: 17 North Washington Street, Elkhorn, WI 53121
- Phone Number: (262) 723-4888
- Hours of Operation
- Mon-Thu: 9:00am – 5:00pm
- Friday: 9:00am – 6:00pm
- Saturday: 9:00am – 12:00pm
Southern Lake Credit Union Competitors
Wisconsin is unique in that the vast majority of the credit unions in the state operate under a state charter field of membership. Therefore there is a lot of overlap in eligibility between Southern Lake Credit Union and most of the credit unions in the state. The three largest credit unions all have overlapping criteria with Southern Lake Credit Union. So as you decide which credit union to join, it is worth giving all of these consideration:
- Connexus Credit Union – this is the largest credit union in Wisconsin, and serves members in the state and also in certain counties in Illinois. If you live or work in Lake County or McHenry County Illinois, you are eligible to join both Connexus Credit Union and Southern Lake Credit Union.
- Landmark Credit Union – If you live or work in Kenosha, Walworth, Milwaukee, Racine, Rock or Waukesha counties you are eligible to join both Landmark Credit Union and Southern Lake Credit Union.
- UW Credit Union – If you live in Wisconsin and are enrolled or have previously attended any accredited institution of higher education in the United states, you are eligible to join UW Credit Union.