Swedish American Credit Union

About Swedish American Credit Union

Swedish American Credit Union Location

1401 East State Street
Rockford, IL 61104

Phone: (815) 489-4096
Website:
Routing/Transit Number: Not Available

Swedish American Credit Union Information

Swedish American Credit Union of Rockford, IL is a cooperative financial institution that is controlled and owned by its members, and operated for the purpose of promoting thrift, providing credit at fair rates, and providing other financial services to its membership base. This institution has 1717 members and assets of $3,713,752, as compared to the national average of $93 million dollars of assets per credit union. Swedish American Credit Union, first opened in 1972 and has been in operation since then. Additionally, Swedish American Credit Union has 1 full time employees and 2 part time employees, or 572.333333333 members per employee, compared to a national average of 376.32254.

While all federal credit unions, and 95% of state-chartered credit unions, have "share insurance" (otherwise known as deposit insurance) of at least $250,000 per member through the National Credit Union Share Insurance Fund (NCUSIF), you should double-check to ensure that Swedish American Credit Union is covered by this protection. This share (deposit) insurance is backed by the United States government and is administered by the National Credit Union Administration. Swedish American Credit Union is a not-for-profit, cooperative, tax-exempt organization.