Intro – Scott Credit Union Reviews & Ranking

AdvisoryHQ recently published its list and review of the top credit unions in Illinois, a list that included Scott Credit Union.

Below we have highlighted some of the many reasons Scott Credit Union was selected as one of the best credit unions in Illinois.

Click here for a detailed review of AdvisoryHQ’s selection methodology: AdvisoryHQ’s Methodology for Selecting Top Banks and Credit Unions.

Scott Credit Union Review

Scott Credit Union maintains a home office in Edwardsville, IL and was founded in 1943. Scott Credit Union offers membership eligibility to anyone living or working in the included 18 counties, and there are more than 100,000 members with this Illinois credit union.

As of June 2016, Scott Credit Union had member deposits of nearly $938 million and total assets of more than $1 billion. Some of the many products that members of this credit union in Illinois can take advantage of include mortgages, credit cards, loans, and investment services.

Scott Credit Union Review

Image Source: Scott Credit Union Review

Key Factors Leading Us to Rank This Firm as One of This Year’s Top Credit Union Firms

Upon completing our detailed review, Scott Credit Union was included in AdvisoryHQ’s ranking of this year’s best credit unions based on the following factors. 

SCU Review: Extreme Checking

This is a benefits-packed checking account from SCU that includes up to 1.05% APY on balances up to $25,000 when minimum requirements are met. There is no monthly service fee or minimum balance requirements, and there are ATM rebates up to $10 a month for account holders who meet the requirements.

This account is a free, interest-earning account that lets users also have access to a convenient, free Visa Debit card, and overdraft protection options.

The only requirements to earn all of the benefits of Extreme Checking are to sign up to receive eStatements, as opposed to paper statements, and having 12 debit card transactions posted and cleared by the final business day of every month.

SCU Review: SCU Ready Reserve

The SCU Ready Reserve account is a line of credit that is designed to function as a flexible cash reserve, which can be used to help avoid returned checks, declined transactions, and expensive overdraft charges.

This can also be used for emergency expenses.

There is no setup charge for the Ready Reserve, and interest is charged on the exact amount of cash you use, for the time you use it.

Repayment plans are simple and can include automatic deductions from an SCU checking account.

SCU Review: Love My CU Rewards

Scott Credit Union participates in the national Love My Credit Union Rewards program, which is a membership benefits program that provides a range of valuable discounts on products and services for nationwide companies.

Some of these discounts available through this program include the following:

  • Members receive a 10% discount on certain Sprint services, and that percentage is even higher for business members.
  • Allied Van Lines offers up to 60% discounts on out-of-state or local moving and storage requirements.
  • CU Road Pal is a roadside assistance plan designed specifically for credit union members.
  • Members can save over $200 on new DIRECTV subscriptions.
  • Love to Shop provides access to more than 1,500 online merchants and retailers, and members earn cash back rebates from participating companies.

SCU Review: Student Loans

SCU is one of the Illinois credit unions on this list that offers student loans. The Smart Option Student Loan for Scott Credit Union by Sallie Mae is an option for borrowers who will be attending degree-granting institutions.

There are three different and versatile repayment options along with competitive interest rates.

There are no prepayment penalties or origination fees, and there are rewards and interest rate reductions available. Borrowers will also work with entirely US-based Student Loan Specialists.

In addition to reviewing the above Scott Credit Union review, you can click on any of the links below to browse exclusive reviews of AdvisoryHQ’s top rated banking firms & credit unions:

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Bank Reviews

AdvisoryHQ (AHQ) Disclaimer:

Reasonable efforts have been made by AdvisoryHQ to present accurate information, however all info is presented without warranty. Review AdvisoryHQ’s Terms for details. Also review each firm’s site for the most updated data, rates and info.

Note: Firms and products, including the one(s) reviewed above, may be AdvisoryHQ's affiliates. Click to view AdvisoryHQ's advertiser disclosures.