Business Details
Your Trusted Financial Partner in Carbondale, IL
We are a not-for-profit financial cooperative dedicated to serving our members' financial needs with integrity and community focus. Established to provide accessible financial solutions, we prioritize member benefits through competitive rates, reduced fees, and personalized services. Our team is committed to fostering financial literacy, evidenced by our initiative to deliver free financial education to over 47,000 local students across 193 schools in 2024. We operate without a paid board of directors, ensuring decisions are made with members' interests at the forefront. Our services span checking and savings accounts, mortgages, and loans tailored to individuals and businesses.With membership open to residents and workers in 24 designated counties, we emphasize inclusivity and local economic growth. Our federally insured status through NCUA underscores our commitment to security and trustworthiness. We leverage technology to enhance accessibility, offering mobile banking solutions for seamless transactions. Community involvement remains central to our mission, as we consistently reinvest time and resources into local initiatives. This dedication to service, education, and community positions us as a reliable financial partner for our members.
Services
Checking Accounts
Savings Accounts
Mortgages
Personal Loans
Mobile Banking
Highlights and features
- We operate as a not-for-profit cooperative, prioritizing member benefits over shareholder profits.
- Our community-focused approach includes free financial education for local students.
- Competitive rates on mortgages and loans are available with flexible terms.
- No monthly service fees for our basic checking accounts.
- Membership is accessible to anyone living or working in 24 Southern Illinois counties.
Associations and certifications
- NCUA
Services
Checking Accounts
Our free checking accounts require no monthly fees or minimum balances, making them ideal for everyday transactions. Designed for individuals and small businesses, these accounts offer easy access to funds through debit cards and online transfers. We ensure transparent banking with no hidden charges.
Mortgages
We offer fixed and adjustable-rate mortgages with competitive APRs starting as low as advertised rates. Our loan specialists guide members through the process, providing personalized solutions for first-time buyers or property investors. Flexible terms up to 30 years are available.
Savings Accounts
From basic savings to high-yield options, our accounts help members grow their money with dividends. The Bailey Bobcat Savings requires only $5 to open and offers up to 0.50% APY. Regular contributions help build financial security.
Personal Loans
We provide personal loans for major purchases, debt consolidation, or unexpected expenses. Competitive rates and fixed terms ensure predictable monthly payments. Approval considers credit history and repayment capacity.
Mobile Banking
Our mobile app enables 24/7 account access, including bill payments, check deposits, and transaction tracking. Security features protect user data while simplifying financial management on smartphones or tablets. Available for iOS and Android devices.
Questions
Who is eligible to join SIU Credit Union?
Anyone living or working in 24 Southern Illinois counties, employees of select organizations, or members of specific education groups can join.
What types of accounts do you offer?
We provide checking accounts, savings accounts, mortgages, personal loans, and specialized accounts for young investors and businesses.
Are there monthly fees on your accounts?
Our basic checking account has no monthly service fee, and many accounts require no minimum balance.
How do you support the local community?
We invest in local initiatives including free financial education programs for schools and community development projects.
Are my deposits insured?
Yes, all deposits are federally insured up to $250,000 by the NCUA, a U.S. government agency.
Do you offer online and mobile banking?
Yes, we provide mobile apps for account management, bill payments, and check deposits from anywhere.
