Superior Choice Credit Union
Headquarters
1320 Grand Ave.
Superior, WI 54880
See all branch locations →
Reviewed by prashant109 | December 7, 2023 |
100% a Rogue Bank.
Wish I could give them a negative star.
Banks like superior choice CU are the example why Americans are behind on building better credit portfolio. They for some strange reasons are ignorant enough to harm their potential customers credit history for zero gain for themselves.
Here is my experience- i live in California found a high yield savings account that I was interested. Called their customer service for eligibility and was told getting ACC membership would let me become their customer which i purchased right away.
Filled an online form for bringing in 25k into the savings account I applied for. They got all my details including ssn like they take when you apply for a credit card.
They sent me an email and asked me ACC membership document, address proof document, driving license copy which I uploaded and sent them right away. And then sent me an email to come to their bank in Minnesota in person because they cannot approve me "virtually". These incompetents actually ran a hard inquiry while they always intended to decline me since I wasn't nearby their actual bank locations. Why can't they just specify that in eligibility criteria?
I would advice to stay far away from Superior choice credit Union.
2024 Overview
General Credit Union Information
Superior Choice is an NCUA insured institution located in Superior, WI. It was founded in 1932 and has approximately $820.43 millions in assets.
Who can join?
Persons residing in or employed in Ashland, Bayfield, Burnett, Douglas, and Iron Counties, Wisconsin. The southern portion of St. Louis County bounded by county lines on the west, south, and east and bounded by Minnesota County Route 16 on the north and all of Carlton County (Minnesota); and current and future membership of Douglas County Historical Society located in Superior, WI; and current and future membership of the Northland Benefits, Inc. Family members of existing SCCU members are eligible to join.
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 67173 |
| Date Established | 1932 |
| Assets | $820.43 million |
| Loans | $649.50 million |
| Deposits | $682.77 million |
| Capital | $60.29 million |
Field of Membership Restrictions
Membership is open to anyone through membership in the American Consumer Council. Membership is also open to those who live or work in Ashland, Burnett, Bayfield, Iron or Douglas Counties in Wisconsin, Carlton County in Minnesota, and a select portion of St. Louis County in Minnesota.
Deposit Rates - November 12, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| SAV
|
0.10% | $5 | - |
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|
|
Money Market
|
0.50% | $2,500 | $9,999 |
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|
|
Money Market
|
1.00% | $10,000 | $24,999 |
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|
|
Money Market
|
1.00% | $25,000 | $49,999 |
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|
|
Money Market
|
1.75% | $50,000 | $99,999 |
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|
|
Money Market
|
3.00% | $100,000 | $249,999 |
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|
|
Money Market
|
3.50% | $250,000 | - |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
4.75% | $500 | $99,999 |
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|
| 6 Mo CD
|
5.25% | $100,000 | - |
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|
| 12 Mo CD
|
4.50% | $500 | $99,999 |
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|
| 12 Mo CD
|
5.00% | $100,000 | - |
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|
| 18 Mo CD
|
2.50% | $500 | $99,999 |
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|
| 18 Mo CD
|
2.63% | $100,000 | - |
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|
| 24 Mo CD
|
3.00% | $500 | $99,999 |
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|
| 24 Mo CD
|
3.20% | $100,000 | - |
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|
| 30 Mo CD
|
3.00% | $500 | $99,999 |
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|
| 30 Mo CD
|
3.20% | $100,000 | - |
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|
| 36 Mo CD
|
2.50% | $500 | $99,999 |
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|
| 36 Mo CD
|
2.53% | $100,000 | - |
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|
| 48 Mo CD
|
2.75% | $500 | $99,999 |
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|
| 48 Mo CD
|
2.63% | $100,000 | - |
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|
| 60 Mo CD
|
2.75% | $500 | $99,999 |
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|
| 60 Mo CD
|
2.89% | $100,000 | - |
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|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| VIRA
|
0.50% | $0 | - | Learn More |
Loan Rates - November 12, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Superior Choice
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 2578474 |
6.494% | 6.375% | 0.88 | $4,010 | $1,997 | Learn More |
NMLS ID: 401822 |
6.668% | 6.500% | 0.75 | $5,600 | $2,023 | Learn More |
NMLS ID: 1025894 |
6.981% | 6.875% | 0.88 | $3,442 | $2,103 | Learn More |
NMLS ID: 1907 |
7.068% | 7.000% | 0.75 | $2,202 | $2,129 | Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR 7.490 % After Intro: 7.490 % |
$0 |
Learn More
More Info |
Achieve Loans See Table |
Intro APR 9.250 % After Intro: 9.250 % |
$0 |
Learn More
More Info |
Note to Superior Choice
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
Below are Superior Choice branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Superior Choice Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 598.62 | A | View Lobby Hours | |
| 614.13 | B | View Lobby Hours | |
| 614.51 | C | View Lobby Hours | |
| 616.17 | D | View Lobby Hours | |
| 619.99 | E | View Lobby Hours | |
| 668.63 | F | View Lobby Hours | |
| 670.89 | G | View Lobby Hours | |
| 678.65 | H | View Lobby Hours |
Climate Policy and Initiatives
SUPERIOR CHOICE is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Superior Choice Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Superior Choice. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Superior Choice | U.S. Average |
|---|---|
| 10.00% | 5.83 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of June 30, 2024, Superior Choice had $5,920,769 in non-current loans and $476,186 in owned assets. To cover these potential losses it had $60,289,384 in net worth and $3,703,299 in loans loss reserves. That gives it a Texas Ratio of 10.00%.
Net Worth
| Superior Choice | U.S. Average |
|---|---|
| 7.35% | 13.93% |
Superior Choice FCU has a net worth of 7.35% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Superior Choice
prashant109
December 7, 2023 |
100% a Rogue Bank.
Wish I could give them a negative star.
Banks like superior choice CU are the example why Americans are behind on building better credit portfolio. They for some strange reasons are ignorant enough to harm their potential customers credit history for zero gain for themselves.
Here is my experience- i live in California found a high yield savings account that I was interested. Called their customer service for eligibility and was told getting ACC membership would let me become their customer which i purchased right away.
Filled an online form for bringing in 25k into the savings account I applied for. They got all my details including ssn like they take when you apply for a credit card.
They sent me an email and asked me ACC membership document, address proof document, driving license copy which I uploaded and sent them right away. And then sent me an email to come to their bank in Minnesota in person because they cannot approve me "virtually". These incompetents actually ran a hard inquiry while they always intended to decline me since I wasn't nearby their actual bank locations. Why can't they just specify that in eligibility criteria?
I would advice to stay far away from Superior choice credit Union.
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