Scott Credit Union

Our History - Members. Value. Community.

SCU’s Beginning
Founded in 1943, Scott Credit Union is a not-for-profit financial cooperative that offers a full menu of banking services to more than 150,000 members in 29 counties in Illinois and Missouri.

Long before our members enjoyed Scott Credit Union online and mobile banking services, 27 civil service employees at Scott Air Force Base started a simple financial cooperative. The Scott Field Civilian Employees’ Credit Union limited the initial membership to civil servants within the Army Air Force Technical Training Command at what was then known as Scott Field.

history page: history SCU’s Founding image
Early Growth & Military Roots
In 1957, the credit union changed its name to Scott Credit Union and opened up its membership to military personnel at the former Scott Field, renamed Scott Air Force Base with the creation of the Air Force in 1951. It was nearly a decade later before Scott Credit Union reached a $1 million asset milestone. By 1965, the 3,900 credit union members were 75 percent military.
history page: history Early Growth & Military Roots image
The SCU Community Expands
In 1974, Scott Credit Union member-owners voted to invite more of their neighbors to join their financial cooperative. In 1983, they added even more opportunities for members to join, and due to industry changes in 1985, the Scott Credit Union member-owner family, services, and service area grew substantially. Just 42 years after its founding, SCU membership grew to 27,000 members.
history page: history The SCU Community Expands image
Best Credit Union: Financial Services, Community Focus
Scott Credit Union grew over its first three-quarters of a century into a full service financial institution providing financial services for individuals and businesses. SCU now offers free checking accounts with interest, ATMs, credit and debit cards, new and used vehicle loans, mortgage loans, unsecured lines of credit, savings products, Scott Credit Union online and mobile banking services, free online bill paying and much more.

What hasn’t changed over the years is our cooperative structure. Each person who joins SCU with an initial $5 savings deposit is also an owner. If you live or work in any of the 32 Illinois and Missouri counties we serve, you’re eligible to join.

history page: history Best Credit Union Bank Services, Community Focus image
Scott Credit Union: Online and in Person, With You Through it All.
Your experience with Scott Credit Union is about more than money, it’s about you getting the most value for your money and reaching your financial goals.

Our products and services and pricing are driven by our members’ needs, not by stockholders looking to increase their net worth. Our Board of Directors consists of members who are volunteers. They consistently provide strategic direction with our members’ financial well being as first priority, offering industry-leading banking solutions in a community-focused cooperative structure.

Join our 150,000 plus members and enjoy the best credit union bank services and rates you’ll find anywhere, and join a community that gives back and cares about the places where we all live and work.

history Scott Credit Union Online and in Person, With You Through it All image