Welcome Former South Division Credit Union Members!

As we embark on this merger of two Illinois credit unions into one strong, growing organization, we want to take this opportunity to welcome you to the Scott Credit Union family. We will be with you every step of the way, and have put together the following to address some frequently asked questions about the merger.

General Merger Questions

Why are South Division Credit Union and Scott Credit Union merging?

This merger will be greatly beneficial for both credit unions, and we are excited for the opportunities this partnership will provide. As part of Scott Credit Union’s overall strategy for growth, we now can offer our services to even more potential members by expanding into the Chicago area. Meanwhile, South Division Credit Union will benefit from significant annual savings on expenses and a higher Return on Assets.

Who is Scott Credit Union?

Scott Credit Union was established in 1943, when a group of visionaries came together at Scott Field (now Scott Air Force Base) to create a local credit union where the average person could save and borrow money. From a humble beginning with 27 charter members, we have steadily grown throughout our 78-year history. In fact, today we serve just over 144,000 members representing 26 counties in Southern Illinois and three counties in Missouri, and we are financially strong at just over $1.6 billion in assets. Headquartered in Edwardsville, IL, we currently have 18 branches in Illinois and five in Missouri, as well as a variety of mobile and online services.

How will South Division Credit Union members benefit from the merger?

South Division’s members are expected to enjoy higher rates on deposits, an expanded slate of products and services, as well as favorable rates and turn-around times for new loans.

What is the merger process and timeline?

Scott Credit Union’s and South Division Credit Union’s boards of directors have approved the merger with a vote of the membership of the former South Division Credit Union. We have also received final regulatory approval. As of September 1, 2021, our two credit unions have officially merged. We are beginning to integrate the operations of both credit unions, with our final member and account conversion tentatively scheduled for February 2022. We will keep all members informed as we make progress towards this goal.

Will I still be able to use my local branch?

Yes, We intend to keep all South Division Credit Union locations open and available to serve you. The sign on the building may be different, but you can still expect to be served by the same great staff as always at your local branch!

Will the merger affect membership eligibility?

South Division Credit Union’s current field of membership will remain the same.

Checking & Savings Questions

Will my member number change?

Eventually, yes, South Division Credit Union members will be issued a new member number. We will provide you with information as we get closer to our estimated system conversion date in February 2022.

Will South Division Credit Union’s routing number change?

Eventually, yes. However, South Division Credit Union’s routing number will still be valid for the time being. We will provide you with information as we get closer to our estimated system conversion date in February 2022.

Will I be receiving a new debit card?

Yes, but for now you can continue using your South Division Credit Union debit card. You will receive a new debit card prior to our estimated system conversion date in February 2022. Please activate your new debit card immediately after receiving it.

Can I still use my current South Division Credit Union checks?

Yes, for now you may continue to use your South Division Credit Union checks. We will provide advance notice once we approach the conversion to Scott Credit Union checks.

Will I need to change my ACH information for recurring payments?

Eventually, yes, South Division Credit Union members will need to update this information. However, automated payments will still be processed for now. We will provide you with information as we get closer to our estimated system conversion date in February 2022.

Will I be able to view my past statements and transaction history?

Yes, both now and after the system conversion, South Division Credit Union members will still be able to view past statements and transaction history.

Will my deposit accounts continue to be insured?

Yes, your total deposits will continue to be federally insured by the National Credit Union Administration (NCUA) to at least $250,000.

Loan and Credit Card Questions

Will my current loan with South Division Credit Union stay the same?

Yes, all current loan rates and terms will stay the same.

Can I still use my South Division Credit Union Visa® Credit Card?

Yes, for the time being, you will still be able to use your existing credit card. We will provide advance notice to members once we approach the conversion to Scott Credit Union’s Extreme Visa Credit Card.

Will I be able to view my past statements?

Yes, both now and after the system conversion, South Division Credit Union members will still be able to view past statements.

Other Questions

Do I still have access to online and mobile banking?

Yes, for the time being, members can still utilize their South Division Credit Union online and mobile banking. We will provide advance notice as we approach the conversion to Scott Credit Union’s online and mobile banking.

Can I still use the same phone number for South Division Credit Union and its branches as before?

Yes, you may continue to call us at (708) 857-7070.

Will the office hours for my local branch change?

No, as of now, office hours for your local branch have not changed.

Will I still be able to use shared branching?

Yes, just as before, you can complete account transactions at thousands of participating CO-OP Shared Branch locations. Find a location near you.

Will I have access to Scott Credit Union’s products and services?

Yes, you will access to Scott Credit Union’s full suite of products and services effective 9/1/2021.

Have more questions?

We’re happy to answer any additional questions you may have about this merger! Please don’t hesitate to contact us by sending an email or you can also call us at (708) 857-7070.

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