Home
Contents
Explore
Search

Selfreliance Credit Union

Overview
Back to Top

Selfreliance Credit Union is a federal credit union based in Chicago, Illinois. It has been opened since 1951, for 69 years.

With around $589,330,000 in assets, Selfreliance Credit Union is considered to be a very large credit union. It has 10 branches and 5 ATM locations.

About
Address 2332 W. Chicago Avenue
Chicago, Illinois 60622
Website http://www.selfreliance.com
Phone (773) 328-7500
Fax (773) 328-7501
CEO Vitaliy Kutnyy
President of the Board Michael Kos
Services Offered
Map
Back to Top
Score Card
Back to Top
69 years
Years in business
Opened in 1951
Well Capitalized
Net worth classification
Source: NCUA
23,746 members
Membership type: Associational – other than faith or fraternal based
Above average number of members
235:1
Credit union member to staff ratio
235 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
$589,328,570
Total assets
Above average
10 branches
Compared with an average of 4 nationally and 2 in Illinois
Above average number of branches
0.25%
Savings interest rate
Compared to 0.3% nationally
10.00%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
Back to Top
10 branches
Compared with an average of 4 nationally and 2 in Illinois
Above average number of branches
Selfreliance Credit Union Branch Locations

Selfreliance Federal Credit Union - Home Office
2332 W. Chicago Avenue
Chicago, Illinois 60622
ATM Available
Selfreliance Credit Union: Selfreliance NW Branch
5000 North Cumberland Avenue
Chicago, Illinois 60656
ATM Available
Selfreliance Credit Union: Hamtramck Branch
11838 Joseph Campau Street
Hamtramck, Michigan 48212
No ATM
Selfreliance Credit Union: Newark Branch
734 Sanford Avenue
Newark, New Jersey 07106
No ATM
Selfreliance Credit Union: Palatine Branch
136 E. Illinois Avenue
Palatine, Illinois 60067
ATM Available
Selfreliance Credit Union: Bloomingdale Branch
302 E. Army Trail Road
Bloomingdale, Illinois 60108
No ATM
Selfreliance Credit Union: Whippany Branch
60C North Jefferson Road
Whippany, New Jersey 07981
ATM Available
Selfreliance Credit Union: Jersey City Branch
558 Summit Avenue
Jersey City, New Jersey 07306
No ATM
Selfreliance Credit Union: Warren Branch
26495 Ryan Road
Warren, Michigan 48091
ATM Available
Selfreliance Credit Union: West Bloomfield Branch
7345 Orchard Lake Road
West Bloomfield, Michigan 48322
No ATM
Members
Back to Top
23,746 members
Membership type: Associational – other than faith or fraternal based
Above average number of members

With 23,746 members, the Selfreliance Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 84% of credit unions.

Fees
Back to Top
$32
Average fee per member
The average fee per member at the Selfreliance Credit Union is $32, which is low compared to most credit unions. This rate is lower than 64% of all credit unions.
Fees are lower than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Selfreliance Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
Back to Top
235:1
Credit union member to staff ratio
235 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
101 staff members
FTE (full-time equivalent)
16% of employees are part-time
92 full-time, 18 part-time

Selfreliance Credit Union has 92 full-time staff members and 18 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 84% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Selfreliance Credit Union has around 235 members per staff, a very low ratio compared to other credit unions. This is a very well staffed credit union.

Assets
Back to Top
$589,328,570
Total assets
Above average
Net worth
Back to Top
Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
18.5%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
Back to Top
$31,501
Average loan and lease size
Loan & lease sizes are big! They are bigger than at 98% of credit unions.

Selfreliance Credit Union holds a total of $260,550,000 in loans and leases, which is about $31,501 per member on average.

Savings interest rate
Back to Top
0.25%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Selfreliance Credit Union pays 0.25%.

Loan rates
Back to Top
10.00%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
15.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
2.75%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
Back to Top
3.75%
New car loan rate
Compared to 4.0% nationally
4.00%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
Back to Top
6.00%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.50%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally