Salem School System Credit Union

The assets of this cooperative association have grown to over $2,000,000 with much of this on loan to members--the remaining portion is securely invested in investments approved by the Department of Financial and Professional Regulation of the State of Illinois. The Credit Union is operated under strict by-laws as well as state laws and is examined and evaluated periodically by the Credit Union Division of the Department of Financial and Professional Regulation. The Salem School Credit Union has a board of directors consisting of 11 members. This board meets once a month to discuss the operations of the credit union such as updated memberships, new loans, internal audit updates, current financial status, and setting savings and loan rates. Latest News