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  • Southside Community Federal Credit Union
    As a member owner you are more than a customer Our growth and success depend upon your participation Your account is an important investment in your community Gregg Brown President South Side Community Federal Credit Union 2016 HOME BUYER EDUCATION PROGRAM Home buyer education is an important class you need to take before you decide to purchase your first home It teaches you the basic homeownership terms steps and strategies so you are prepared to have a positive home buying experience Receive eight hours of classroom and 2 hours of one on one counseling Our Home Buyer Education Program covers all aspects of the home buying process from A to Z such as selecting financing and closing on your first home Participants become more knowledgeable and confident with making important personal and financial decisions about homeownership Each participant will receive a certified Home Buyer s Certificate upon completion of the program This certificate can provide borrowing incentives from your lender such as down payment and closing cost assistance A one on one counseling session is also required to receive a Home Buyer s Certificate REGISTRATION Pre register today Enrollment fee 125 00 To enroll download and return the attached enrollment form with a check or money order made payable to South Side Community Federal Credit Union in person or by mail Our Online Home Buyer Education Program at www ehomeamerica org southsidecommunityfcu is equivalent to eight hours of classroom participation that can be taken at your own pace and fit nicely into your busy schedule from the comfort of your own home for only 99 00 FINANCIAL COUNSELING SERVICE The primary goal of South Side Community FederalCredit Union is to help individuals achieve financial stability and well being We recognize that from time to time everyone runs into some financial

    Original URL path: http://www.southsidecommunityfcu.org/ (2016-05-01)
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  • About Us
    services for our members We are working to create and maintain an accessible full service federal credit union organization which is owned and managed by its members Who we are South Side Community Federal Credit Union SSCFCU is a not for profit Federally chartered low income designated community development credit union CDCU All of our accounts are insured up to 250 000 by the National Credit Union Administration NCUA We are certified as a Community Development Financial Instituion CDFI by the U S Department of Treasury and we operate a HUD approved housing counseling program SSCFCU serves a membership base of 2 000 with 3 5 million in assets after opening its doors in November 2003 We created the credit union to economically empower the community by providing an alternative to currency exchanges payday predatory lenders and banks that charge high fees When you join the credit union yoou become a member owner not just a customer Your account is an investment in the community Board of Directors Evelina Robertson Chairperson Michael Mitchell Vice Chairperson Betty J Richardson Treasurer Gail Mercherson Secretary Gregg H Brown Lisa Gavin Dwayne McLin Staff Gregg H Brown President CEO Regina McRay VP of Operations Member Services Delores Allen Credit Housing Counselor Harlette Washington Credit Housing Counselor Our Service Area Our geographic service area includes all areas lying within the following boundaries from 22nd Street on the North to the city limits on the South and from Lake Michigan on the East to Western Avenue on the West If you live work worship go to school or participate in any association headquartered within these boundaries you are eligible to become a full member of the credit union If you do not have one of these connections to the area you can utilize all deposit services

    Original URL path: http://www.southsidecommunityfcu.org/index.php/about-us (2016-05-01)
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  • Mission
    we are South Side Community Federal Credit Union SSCFCU is a not for profit Federally chartered low income designated community development credit union CDCU All of our accounts are insured up to 250 000 by the National Credit Union Administration NCUA We are certified as a Community Development Financial Instituion CDFI by the U S Department of Treasury and we operate a HUD approved housing counseling program SSCFCU serves a membership base of 2 000 with 3 5 million in assets after opening its doors in November 2003 We created the credit union to economically empower the community by providing an alternative to currency exchanges payday predatory lenders and banks that charge high fees When you join the credit union yoou become a member owner not just a customer Your account is an investment in the community Board of Directors Evelina Robertson Chairperson Michael Mitchell Vice Chairperson Betty J Richardson Treasurer Gail Mercherson Secretary Gregg H Brown Lisa Gavin Dwayne McLin Staff Gregg H Brown President CEO Regina McRay VP of Operations Member Services Delores Allen Credit Housing Counselor Harlette Washington Credit Housing Counselor SSCEDC Learn more about our partnership with the South Side Community Economic Development Center Download our

    Original URL path: http://www.southsidecommunityfcu.org/index.php/about-us/mission (2016-05-01)
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  • How Credit Unions Differ from Banks
    rates Unlike banks credit unions return surplus income to their members in the form of dividends Favorable Rates Fees and loan rates at credit unions are generally lower while deposit dividend and interest rates are generally higher than banks and other for profit institutions Credit unions are democratically operated by its members those joining the credit union allowing account holders an equal say in how the credit union is operated regardless of how much they have on deposit at the credit union Membership Access The credit union s Board of Directors who are elected by the members decide who the credit union will serve In order to join a credit union potential members must be part of a field of membership which is typically based on one s employment community or membership in an association or organization As credit unions serve members of modest means many will actively expand their field of membership to serve other select groups and or geographic areas when identified as needing access to affordable financial services Credit unions designated low income predominately focus on providing financial services at reasonable rates in areas that are often underserved or unserved by banks NCUA Share Insurance Coverage Federally insured credit unions are insured by the National Share Insurance Fund NCUSIF The NCUSIF is operated by the National Credit Union Administration NCUA a federal government agency backed by the full faith and credit of the United States government The Dodd Frank Wall Street Reform and Consumer Protection Act of 2010 increased the maximum share insurance coverage at all federally insured credit unions to 250 000 Account balances in excess of 250 000 at a federally insured credit union can be fully insured if properly structured Article reprinted from www mycreditunion gov SSCEDC Learn more about our partnership with the

    Original URL path: http://www.southsidecommunityfcu.org/index.php/about-us/how-credit-union-differ-from-banks (2016-05-01)
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  • Pledge Your Support!
    classes at the South Side Community Federal Credit Union our efforts require staffing facilities and an enormous amount of time effort and resources We need your financial support so that we can continue our efforts Your support helps us to continue to make loans to our customers Those loans help to create new businesses better living and better communities A healthy community is where our communities can grow and thrive Make your pledge today fill out the form below Contribution Amount Contribution type 100 chars left Please indicate if you would like to make a one time contribution or to make a contribution in installments E mail address Confirm E mail First name Last name Street Adddress City State Zipcode Reset Submit Please turn on javascript to submit your data Thank you facebook Like us on Facebook Your Support of the South Side Community Federal Credit Union is support for Chicago s South Side SSCEDC Learn more about our partnership with the South Side Community Economic Development Center Download our Brochure Come in and fill out an application we would like to meet you Applications are also available on line click here to download the application Adobe Acrobat Reader required

    Original URL path: http://www.southsidecommunityfcu.org/index.php/about-us/pledge-your-support (2016-05-01)
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  • SSCEDC
    to advance community economic development on Chicago s south side The Center s specific purposes are To research the financial economic and educational needs of low income individuals families and organizations To design develop and or facilitate services programs and or products that alleviate poverty To provide financial education counseling and training to low income individuals and families with a particular focus on activities that 1 Increase basic financial literacy among residents 2 Aid in the formation and maintenance of local micro enterprises small businesses and community organizations 3 Offer home ownership education programming and counseling to low and moderate income individuals seeking to purchase and or maintain a home 4 Help to develop other assets investments and ownership opportunities for LMI individuals 5 Engage and strengthen other community economic development organizations through partnerships networking training technical assistance access to capital urban planning and public policy South Side Community Economic Development Center Building Community Capacity through Partnerships 5401 S Wentworth Street Suite 25 Chicago IL 60609 Phone 773 548 8859 Fax 773 548 5533 E mail This email address is being protected from spambots You need JavaScript enabled to view it SSCEDC Learn more about our partnership with the South

    Original URL path: http://www.southsidecommunityfcu.org/index.php/about-us/sscedc (2016-05-01)
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  • Products / Programs
    a member service representative for more details Debt Consolidation Loans SSCFCU offers low interest rate debt consolidation loans up to 10K Credit Enhancement SSCFCU provides free one on one credit financial counseling to help improve one s credit score The service is available for only 50 00 We also offer low interest rate credit builder loans Other Savings SSCFCU offers Certificates of Deposit IRA s Youth Holiday and Vacation Club accounts as well as its new Healthcare Investment Account Small Dollar loans SSCFCU offers low interest rate installment personal auto home and small business loans It even offers Payday Alternative Loans and Credit Builder loans The application fee ranges between 10 20 The interest rates range between 3 05 28 depending on the loan product a person s credit score and their debt to income ratio Financial Education Planning Seminars SSCFCU offers an 8 week financial education course It also offers a HUD approved Home Buyer education program for 125 00 Preregistration required Also available on line at www ehomeamerica org southsidecommunityfcu Certtificates of completion and HUD certificates Loans Become a SSCFCU member and be eligible to apply for our loan programs Payroll Advance Loans You can borrow up to 500 for 6 months Application fee 20 00 Interest Rate 16 Minimum Requirements Must provide most recent two pay stubs receive a direct deposit maintain a 150 deposit balance and have income of 1 000 mo Payday Alternative Loan Plus You can borrow up to 1 000 for 6 months Application fee 20 00 Interest Rate 28 or 27 with direct deposit Minimum Requirement Must provide most recent two pay stubs maintain a 50 00 deposit balance be a credit union member for 30 days and have income of 1 000 mo Signature Loans You can borrow between 1 000 5 000 for paying bills debt consolidation and purchases Application fee 20 00 Terms 6 months to 48 months Interest Rate may range between 8 16 Minimum Requirement Must provide most recent two pay stubs proof of rent or mortgage maintain a 50 00 deposit balance and demonstrate the capacity to repay the loan Credit Builder Loans You can borrow between 150 and up Application fee 10 00 Terms 6 months to 48 months Interest Rate May range between 4 05 4 20 This loan is 100 secured by available funds in your share savings account New and Used Auto Loans SSCFCU will finance a new or used vehicle up to 90 of Kelley s Blue Book Value Vehicle must be less than 7 years old You can borrow up to 40K for a new car or 35K for a used car Application fee 20 00 Terms Up to 48 mos used 72 mos new Interest Rate may range between 3 25 16 Minimum Requirement Must provide a vehicle description most recent two pay stubs proof of rent or mortgage maintain a 50 00 deposit balance and demonstrate the capacity to repay the loan Comprehensive collision insurance required prior to

    Original URL path: http://www.southsidecommunityfcu.org/index.php/products-programs (2016-05-01)
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  • Products
    credit financial counseling to help improve one s credit score The service is available for only 50 00 We also offer low interest rate credit builder loans Other Savings SSCFCU offers Certificates of Deposit IRA s Youth Holiday and Vacation Club accounts as well as its new Healthcare Investment Account Small Dollar loans SSCFCU offers low interest rate installment personal auto home and small business loans It even offers Payday Alternative Loans and Credit Builder loans The application fee ranges between 10 20 The interest rates range between 3 05 28 depending on the loan product a person s credit score and their debt to income ratio Financial Education Planning Seminars SSCFCU offers an 8 week financial education course It also offers a HUD approved Home Buyer education program for 125 00 Preregistration required Also available on line at www ehomeamerica org southsidecommunityfcu Certtificates of completion and HUD certificates Loans Become a SSCFCU member and be eligible to apply for our loan programs Payroll Advance Loans You can borrow up to 500 for 6 months Application fee 20 00 Interest Rate 16 Minimum Requirements Must provide most recent two pay stubs receive a direct deposit maintain a 150 deposit balance and have income of 1 000 mo Payday Alternative Loan Plus You can borrow up to 1 000 for 6 months Application fee 20 00 Interest Rate 28 or 27 with direct deposit Minimum Requirement Must provide most recent two pay stubs maintain a 50 00 deposit balance be a credit union member for 30 days and have income of 1 000 mo Signature Loans You can borrow between 1 000 5 000 for paying bills debt consolidation and purchases Application fee 20 00 Terms 6 months to 48 months Interest Rate may range between 8 16 Minimum Requirement Must provide most recent two pay stubs proof of rent or mortgage maintain a 50 00 deposit balance and demonstrate the capacity to repay the loan Credit Builder Loans You can borrow between 150 and up Application fee 10 00 Terms 6 months to 48 months Interest Rate May range between 4 05 4 20 This loan is 100 secured by available funds in your share savings account New and Used Auto Loans SSCFCU will finance a new or used vehicle up to 90 of Kelley s Blue Book Value Vehicle must be less than 7 years old You can borrow up to 40K for a new car or 35K for a used car Application fee 20 00 Terms Up to 48 mos used 72 mos new Interest Rate may range between 3 25 16 Minimum Requirement Must provide a vehicle description most recent two pay stubs proof of rent or mortgage maintain a 50 00 deposit balance and demonstrate the capacity to repay the loan Comprehensive collision insurance required prior to loan disbursement Title Alternative Loans You can borrow between 400 4 000 against the title to your vehicle Application Fee 25 00 Term 6 month to 24 months Interest

    Original URL path: http://www.southsidecommunityfcu.org/index.php/products-programs/products (2016-05-01)
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