Credit union · NCUA insured
South Side Community Federal Credit Union
A $5.4M credit union headquartered in Chicago, IL, with 1,550 members and 1 branch in Illinois.
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About South Side Community Federal Credit Union
Opened in November 2003, South Side Community Federal Credit Union is a member-owned community development credit union certified as a Community Development Financial Institution (CDFI).
Headquartered in Chicago, Illinois, the credit union operates a HUD-approved housing counseling program and serves individuals and businesses across Chicago's south side.
- Headquarters
- 5401 S Wentworth Ave, Suite 25, Chicago, IL 60609-6349
- NCUA charter
- 24704
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Membership is open to individuals or businesses who live, work, worship, attend school, or belong to an organization on Chicago's south side within the boundary of 22nd Street on the North, city limits on the South, the Lake on the East, and Western Avenue on the West.
Cost to join
- $50.00 to open a savings/share account (inclusive of a $10.00 membership fee), with a monthly minimum balance requirement of $50.00.
- One-time-only $10.00 membership fee included in the $50.00 deposit to open a savings/share account.
- Young adults between the ages of 7 & 17 can open a savings share account with a minimum deposit of $5.00.
Branches
1 branch in Illinois
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Illinois
1 branch
- Main OfficeMain office5401 S Wentworth Ave, Suite 25, Chicago, IL 60609Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 18.54% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 0.82% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | -2.85% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $28 | $59 | — |
- CapitalNet worth ratio18.54%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late0.82%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets-2.85%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$28Peers’ middle $59
Compared with the 2,478 credit unions with under $100 million in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of South Side Community Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.