Scott Credit Union
Scott Credit Union is a member-owned financial cooperative founded in 1943, serving approximately 150,000 members across metro St. Louis, southern Illinois, and the Chicago area through 23 branches, an Alkami-powered digital and mobile banking platform, and nearly 30,000 surcharge-free CO-OP ATMs.
- Company typePrivate
- Founded1943
- HeadquartersEdwardsville, United States
- Headcount251–500
- GTM typeB2C
- OfferingServices
What Scott Credit Union does
Scott Credit Union is a member-owned financial cooperative founded in 1943 and headquartered at 101 Credit Union Way, Edwardsville, Illinois. It serves approximately 150,000 members across Metro East Illinois, the St. Louis Missouri metropolitan area, and a small Chicago-area footprint, including dedicated service to the Scott Air Force Base military and civil-service community. The institution operates 23 branches (one of which, Scott AFB, is access-restricted to military and civil-service personnel), a Member Contact Center, and an Alkami-powered digital banking platform accessible via the web (digital.scu.org) and the SCU Mobile Banking App on iOS and Android, with nearly 30,000 surcharge-free ATMs available through the CO-OP Shared ATM Network. The credit union is federally insured by the NCUA, is an Equal Housing Lender, and operates as a state-chartered Illinois cooperative under CRA oversight.
The product catalog spans personal deposit accounts (checking, savings, money markets, share certificates, youth accounts), business accounts (Business Essentials Checking, Business Growth Checking, Business Money Market, Community Checking), a consumer and small-business lending suite (auto loans advertised as low as 3.99% APR, mortgages via mortgage.scu.org, HELOCs at 4.24% APR for the first 6 months, personal, student, and holiday loans), credit cards including the STL Blues co-branded card, debit cards, insurance through SCU Insurance Agency and TruStage partners, investments and retirement services, and estate planning through a Trust & Will partnership. Underlying technology includes Alkami for digital banking with biometric login, mobile check deposit, and real-time eAlerts (17+ configurable event types); LoansPQ for consumer loan origination and servicing; and Banzai for embedded interactive financial wellness tools. Marketing is delivered through a content engine (the "Right on the Money" blog, "Who Knew? SCU" YouTube series), paid digital (SEM, Meta, OTT), email/eAlerts, community events (annual Golf Scramble, Route 66 sponsorship, Pride Parade), and the SCU@Work workplace distribution program.
Revenue is generated primarily through net interest income on the diversified loan portfolio funded by member share deposits, supplemented by account and service fees (NSF, Courtesy Pay, Overdraw Transfer), and commission and joint-marketing revenue from affiliated insurance (SCU Insurance Agency) and partner products (TruStage, Trust & Will). Member-owner economics are reflected in the annual Bonus Dividend and Loan Interest Rebate, which returned more than $1 million to members in 2025, and in community give-back through the SCU Community Foundation's With You Grants ($355,000 cumulative since 2020; $150,000 in 2025) and the 2026 Golf Scramble ($63,508 raised). Strategic activity has been disciplined and accretive, including the Tempo Bank acquisition announced in 2021, the addition of a Chief Growth & Operating Officer and the institution's first Chief Risk Officer in 2026, and a Diamond Award-winning digital auto-loan campaign that funded 629 loans totaling more than $20 million in just over a month.
Scott Credit Union firmographics
Firmographics- Name
- Scott Credit Union
- Legal name
- Scott Credit Union
- Website
- https://scu.org
- Company type
- Private
- Founded year
- 1943
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Scott Credit Union is a member-owned financial cooperative founded in 1943, serving approximately 150,000 members across metro St. Louis, southern Illinois, and the Chicago area through 23 branches, an Alkami-powered digital and mobile banking platform, and nearly 30,000 surcharge-free CO-OP ATMs.
- Ownership category
- akta.pro rank
Scott Credit Union industry classification
Industry- Product category
- Retail Banking
- NAICS
- Credit Unions (52213), Credit Unions (522130)
- SIC
- Personal Credit Institutions (6141)
- akta.pro primary industry
- Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)
- akta.pro secondary industry
- Student/University Credit Unions (FSABAEAJ)
Keywords
Where Scott Credit Union is headquartered
LocationHeadquarters
- HQ city
- Edwardsville
- HQ country
- United States
- HQ region
- North America
Offices21 records
Markets served
Scott Credit Union business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Net interest income (loan portfolio): Primary revenue stream for the credit union, generated from interest on the loan portfolio (auto loans, mortgages/HELOCs, personal loans, student loans, credit cards). The 2025 'More Car for Your Money' campaign alone funded 629 auto loans totaling more than $20 million in just over a month.
- Membership deposits (share accounts): Member share deposits across checking (personal/business/community/estate), savings, money markets, certificates, and youth accounts, which fund the lending activity and provide low-cost funding.
- Account and service fees: Recurring and event-based fees on deposit, lending, and card services, including NSF, Courtesy Pay, and Overdraw Transfer fees (each individually alertable via eAlerts).
- Insurance and investment commissions: Commissions and referral fees generated through SCU Insurance Agency and its joint marketing arrangements with insurance/investment partners (e.g., SCU Insurance Agency affiliated entities and Trust & Will estate planning services).
- Joint marketing and affiliate revenue: Revenue from joint marketing agreements with non-affiliated financial companies (insurance partners disclosed in the privacy policy) and from internal affiliates (SCU Insurance Agency entities).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Auto loans as low as 3.99% APR |
| Other | Pay-as-you-go | HELOC introductory rate as low as 4.24% APR for the first 6 months |
Go-to-market motion3 records
Distribution channels7 records
Marketing channels10 records
Scott Credit Union product offering
Product offeringCore offering
Scott Credit Union is a member-owned financial cooperative providing personal and small-business banking products including checking, savings, money market, share certificates, youth accounts, debit and credit cards, consumer loans (auto, mortgage, HELOC, personal, student), insurance, investments, and retirement services. Members access accounts through 23 branches across Metro East Illinois, St. Louis Metro Missouri, and Chicago, supplemented by an Alkami-powered mobile and online banking platform, the CO-OP ATM network, and Banzai-powered financial wellness tools.
Product overview
Scott Credit Union operates a platform-plus-modules architecture delivered through a unified member experience: a 23-location branch network spanning Metro East Illinois, Chicago, and Missouri, paired with a digital banking platform (Alkami-powered SCU Online and SCU Mobile Banking App), shared-branching via the CO-OP ATM Network, and a layered product catalog spanning personal accounts (Checking, Savings, Money Markets, Share Certificates, Youth Accounts, Debit Cards), business accounts (Business Essentials Checking, Business Growth Checking, Business Money Market, Community Checking), consumer lending (Auto Loans, HELOC, Mortgage, Personal, Student, Holiday Loans), credit cards (standard credit cards with ScoreCard Rewards and the STL Blues co-branded credit card), insurance, investments and retirement, and a Trust & Will estate planning offering. Member-supporting tools include eAlerts notifications, Banzai-powered financial wellness calculators and coaches, online services such as SCU@Work for employer groups, and the Community Foundation's With You Grants program. Together these modules operate under one member brand with a single routing number (281077522), NCUA federal insurance, and Equal Housing lender status.
Differentiator
Problem solved
Functional benefit
Brands
- SCU Insurance Agency: Insurance arm of Scott Credit Union, providing insurance products and services to members; listed as an affiliate in the privacy policy.
- Scott Credit Union Community Foundation
Products and services
- Personal Checking Debit-card-enabled checking accounts for individuals and households, supporting everyday transactional banking needs and integrating with SCU's digital banking platform for mobile check deposit, bill pay, and account alerts.
- Savings and Money Market Accounts Share savings and money market accounts for all ages, providing higher-yield deposit options for accumulating balances, with the annual Bonus Dividend credited to eligible member accounts.
- Share Certificates Term share certificate deposits for members seeking fixed-rate savings over a defined term, with maturing certificate events alertable via eAlerts.
- Youth Accounts Youth and young adult deposit accounts designed to introduce minors and young adults to banking, paired with the Great Grades rewards program and dedicated financial literacy content.
- Debit Cards Member-issued debit cards linked to SCU checking accounts for everyday purchases, ATM access, and available for teen members as a money-skills teaching tool.
- Business Checking and Money Market Business deposit accounts including Business Essentials Checking, Business Growth Checking, Business Money Market Accounts, and Community Checking, supporting small-business cash management and community organization banking.
- Credit Cards SCU-branded credit cards with no annual fees, competitive rates, ScoreCard Rewards, and the co-branded STL Blues Credit Card for St. Louis Blues fans.
- Auto Loans Vehicle financing with rates advertised as low as 3.99% APR, supported by pre-approval, refinancing options, and the SCU Auto Loan Calculator for monthly payment estimation.
- Mortgage Loans Home purchase mortgage products with options for low down payment (10%, 5%, or 0%), an online mortgage application portal at mortgage.scu.org, and accompanying mortgage calculators.
- Home Equity Line of Credit (HELOC) Variable-rate home equity line of credit with rates advertised as low as 4.24% APR for the first 6 months on new HELOCs, used to fund renovations or consolidate debt.
- Personal Loans Unsecured personal loans for members' general financing needs, including seasonal holiday loan offerings.
- Student Loans Education financing for members pursuing higher education, with related guidance content on student loan repayment and managing student debt.
- Insurance Insurance shopping service for auto, home, and disaster coverage delivered through SCU Insurance Agency affiliates, including TruStage partner compliance materials.
- Investments and Retirement Investment and retirement planning services for members building long-term wealth, with educational seminars offered via SCU's Financial Education program.
- Trust and Will Estate Planning Online estate planning offering in partnership with Trust & Will, providing SCU members attorney-approved wills and trusts at an exclusive member discount year-round, accessible via the scu.org/trust-and-will landing page.
Quantifiable outcome
- Over $1 million returned to members through the 2025 Bonus Dividend and Loan Interest Rebate
- +4 more outcomes
Companies that use Scott Credit Union
Customer profileNamed customers2 records
Segments4 records
Ideal customer profiles4 records
Scott Credit Union technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
Feature4 records
Scott Credit Union partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered flagship, core and minor.
- BanzaiflagshipScott Credit Union has partnered with Banzai to deliver free interactive financial wellness resources at scu.banzai.org/wellness. The suite includes interactive Savings, Mortgage, and Auto Loan calculators, virtual financial coaches for Building Credit, Buying a Car, and Get Out of Debt, and curated courses on Budgeting Basics, Teaching Kids Finances, and Starting a New Job. The integration is positioned as a flagship member education asset referenced across the Financial Literacy Hub and tied to Financial Literacy Month campaigns.
- Trust & WillcoreScott Credit Union announced a partnership with Trust & Will, the leading online estate planning platform, offering SCU members an exclusive 30% discount on all estate planning services from October 1–31, 2025 and 20% off year-round thereafter. Wills start at $139 with the SCU member discount. The partnership is positioned as part of SCU's holistic financial wellness mission and is accessible via scu.org/trust-and-will.
- TruStageminorTruStage compliance documentation is hosted on the SCU privacy policy page as a printer-friendly PDF, indicating a compliance/joint marketing relationship with SCU's insurance partners. TruStage is a well-known insurance and financial services provider that partners with credit unions on member insurance products.
- CO-OP Shared ATM Network / Co-op Credit UnionscoreCO-OP ATM Network partnership provides SCU members surcharge-free access to nearly 30,000 ATMs at retailers such as 7-Eleven, Circle K, Costco, Publix, and Dunkin Donuts. Members can locate ATMs via phone, mobile app, text messaging, or Internet through co-opatm.org or by calling (888) 748-3266. SCU also displays the CO-OP logo at participating branches and ATMs.
- America's Credit Unions (and its Marketing, PR & Development Council)coreIndustry membership body that represents more than 95% of credit union industry assets and 145 million+ members. SCU participates in its Diamond Awards (2026 Digital Advertising winner), Dora Maxwell Social Responsibility Community Service Award (2025, 1st place), and Desjardins Adult Financial Education Award (2025, 2nd place). The relationship supports industry advocacy, marketing recognition, and professional development via the Councils network of 7,000+ professionals.
- Alkami TechnologyflagshipAlkami powers the SCU Mobile Banking App with biometric (facial/touch ID) authentication, mobile check deposit, account-to-account transfers, in-app account opening, bill pay, branch/ATM locator, eStatements, and eAlerts. The 'Alkami Banking App' is referenced by name in the homepage app feature list, indicating SCU's digital banking runs on Alkami's platform.
- Tempo BankcoreScott Credit Union agreed to acquire Tempo Bank (Clinton County, IL) in an all-cash transaction valued at approximately $14.25 million (with conflicting reporting of $93 million in another source). The deal includes the purchase and assumption of assets and liabilities, with Tempo Bank liquidating after the transaction. The acquisition expanded Scott Credit Union's branch network and customer base in the Metro East and St. Louis area.
Scale indicators11 records
Recent moves6 records
Expansion highlights5 records
Scott Credit Union competitors and assessment
Company assessmentRegional players
- Anheuser-Busch Employees' Credit Union (ABECU): St. Louis-area employee-affiliated credit union with a similar full-service banking model, comparable regional footprint, and overlap in personal/business banking products serving St. Louis metro consumers like SCU.
- FCB Banks (First County Bank): Community-focused regional bank with comparable personal/business banking services and a similar geographic reach in the Metro East Illinois and St. Louis market.
- Mazuma Credit Union: Kansas City-based member-owned credit union of similar size and product scope, offering a comparable full-service personal/business banking experience to SCU's member base.
- Great Southern Bank: Regional Midwest bank with comparable consumer and small-business banking products competing directly for deposits and loans across the St. Louis and southern Illinois geographies SCU serves.
Broad incumbents
- PenFed (Pentagon Federal Credit Union): Large military-affiliated national credit union with deep armed forces community ties — a scaled analogue of SCU's military roots at Scott AFB and a benchmark for member-acquisition programs tied to military communities.
- GECU (Government Employees Credit Union): Mid-sized multi-state credit union with a comparable mix of consumer lending, deposit products, and digital banking capabilities — representative of the larger competitive set SCU benchmarks against.
- Alliant Credit Union: Large national credit union with full-service digital-first banking, competitive deposit rates, and broad product suite — a benchmark for how SCU's online/mobile offering competes against larger digital-native credit unions.
Direct peers
- First Community Credit Union (MO): Missouri-headquartered community credit union with comparable member-owned cooperative structure, branch network, and full-service personal/business lending offerings directly competing with SCU in the St. Louis metro.
- Together Credit Union: Missouri-based community credit union with a similar member-owned model, comparable branch footprint, and shared focus on community giving — a like-for-like competitor in SCU's core market.
- Consumers Credit Union: Mid-sized member-owned credit union offering a comparable product suite (auto loans, mortgages, deposit accounts, digital banking) with a similar scale of membership and community focus.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Scott Credit Union social profiles
Digital presenceScott Credit Union compliance and trust
Trust signalCompliance3 records
Scott Credit Union financial estimates
Financial estimateRevenue estimate
Valuation estimate
Scott Credit Union leadership team
Management profileNumber of profiles
Profiles3 records
Scott Credit Union subsidiaries and ownership
Company hierarchySubsidiaries2 records
Scott Credit Union funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Scott Credit Union M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Scott Credit Union
What does Scott Credit Union do?
Scott Credit Union is a member-owned financial cooperative providing personal and small-business banking products including checking, savings, money market, share certificates, youth accounts, debit and credit cards, consumer loans (auto, mortgage, HELOC, personal, student), insurance, investments, and retirement services. Members access accounts through 23 branches across Metro East Illinois, St. Louis Metro Missouri, and Chicago, supplemented by an Alkami-powered mobile and online banking platform, the CO-OP ATM network, and Banzai-powered financial wellness tools.
Is Scott Credit Union a public or private company?
Scott Credit Union is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Scott Credit Union founded?
Scott Credit Union was founded in 1943. It employs 251 to 500 people.
Where is Scott Credit Union based?
Scott Credit Union is headquartered in Edwardsville, United States, in the North America region.
How does Scott Credit Union make money?
Five revenue lines are on record. Net interest income (loan portfolio) is the primary driver. The others are membership deposits (share accounts), account and service fees, insurance and investment commissions and joint marketing and affiliate revenue.
Who are Scott Credit Union's main competitors?
Regional players on record are Anheuser-Busch Employees' Credit Union (ABECU), FCB Banks (First County Bank), Mazuma Credit Union and Great Southern Bank. Broad incumbents are PenFed (Pentagon Federal Credit Union), GECU (Government Employees Credit Union) and Alliant Credit Union. Direct peers are First Community Credit Union (MO), Together Credit Union and Consumers Credit Union.
Does Scott Credit Union have an API?
No public API is recorded for Scott Credit Union.
What industry is Scott Credit Union in?
Scott Credit Union's product category is Retail Banking. Its primary akta.pro industry code is FSABAEAA, Community Credit Unions (Retail/Consumer Focus), with a secondary code of FSABAEAJ, Student/University Credit Unions. Its NAICS code is 52213 and its SIC code is 6141.