SOUTH SHOP

3300 BURR OAK AVE STE 200
Blue Island, IL 60406

 

2019 Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 2682
Date Established 1938
Assets $12.45 million
Loans $4.30 million
Deposits $10.38 million
Capital $2.05 million

South Shop is an NCUA insured institution located in Blue Island, IL. It was founded in 1938 and has approximately $12.45 millions in assets.

Deposit Rates - August 17, 2019

Your Current Location: Virginia, VA 20146

We do not yet have rates for South Shop

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Note to South Shop
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There are currently no rates available for South Shop, but see these great savings and CD rates:

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Loan Rates - August 17, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for SOUTH SHOP

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.414% 3.375% 0.50 $1,238 $1,106 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
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Note to SOUTH SHOP
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Branches

Below are South Shop branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


South Shop Locations


Financial Details

South Shop Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of South Shop. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
South Shop U.S. Average
3.23% 6.77

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of March 31, 2019, South Shop had $69,370 in non-current loans and $0 in owned assets. To cover these potential losses it had $2,048,059 in net worth and $101,170 in loans loss reserves. That gives it a Texas Ratio of 3.23%.

Net Worth
South Shop U.S. Average
16.45% 13.47%

South Shop FCU has a net worth of 16.45% versus the BestCashCow average of 13.47. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About South Shop

Branches and Savings

What is South Shop?

A federal credit union, registered with the NCUA under certificate #2682.
Learn more about credit unions here.

Is South Shop FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join South Shop?

Please see Field of Membership information above for information on who is eligible to join.

What are South Shop's share account and share certificate rates?

South Shop's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is South Shop?

South Shop has total capital of $2.05 million. Full information on South Shop's financial position is located above.

Who owns South Shop?

Credit Unions are owned by their members.

Where are South Shop branches located?

See branch locations nearby.

Are South Shop ATMs Open 24/7?

Do South Shop ATMs accept cash deposits?

Can South Shop customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does South Shop have a mobile app?

Does South Shop have mobile deposit?

Does South Shop have quick pay?

How can South Shop transfer money to other banks or credit unions?

Does South Shop report to credit bureaus?

Does South Shop use Chexsystems?

Does South Shop use Equifax?

What is South Shop's toll free phone number?

What is South Shop's ACH Routing Number?

What is South Shop's SWIFT code?

Where can I find South Shop's wire transfer form?

What is the South Shop address for deposits?

What Products Does South Shop Offer

Does South Shop offer mortgages?

Compare mortgage rates here.

Does South Shop offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does South Shop offer auto and RV loans?

Compare auto loan rates here.

Does South Shop offer student loans or personal loans?

Compare personal loan rates here.

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