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Who We Are

Our Mission Statement
The Scott Associates Credit Union, Inc. is a member-owned, not-for-profit financial institution committed to providing personal services and products to meet the individual needs as expressed by our membership.

Our History
The Scott Associates Credit Union was charted on October 17, 1967 under the laws of the State of Ohio to serve the associates of the O.M. Scott and Sons Company.  It was created through the efforts of members of the Scott Associate Board that strongly believed in the Scott Associate Concept.  Since it’s founding, well over 200 individuals have volunteered their time and provided their leadership in service to others.

Our Membership: Privileges and Responsibilities

Regardless of your location, all current associates (employees) of Scotts Miracle-Gro and its subsidiaries are eligible for membership in the Scott Associate Credit Union (SACU).  Membership is also open to retired associates, employees of this credit union, spouses, children, parents, siblings, grand-parents, grand-children, and associations of such members.


Once you are a member, you are always a member regardless of employment status with The Scotts Company.  All you need to do is maintain an open account with at least one share ($5 deposit).


As a member of the SACU, you own a share or “stock” in the organization.  You have a right to one vote in the election of the board of directors.  You may also run for a position on the board or you may volunteer for an appointment on the credit committees.  The money that you deposit into the SACU will be loaned to other members and you will receive dividends (interest) on your money.  You may also borrow money and pay interest back to other members.

What are the guiding principals for the SACU?

In order to accomplish self-help and mutual aid, the SACU operates on the basis of five guiding principles: 

  1. We encourage thrift among members, thus creating a pool of funds for lending to one another.
  2. We make member-loans available at reasonable rates of interest.
  3. We pay a fair rate of return on member’s savings.
  4. We provide free or low cost financial services that help our membership meet financial goals.
  5. We maintain a belief that a member’s personal character is more important than their income status.

What is a credit union?

A credit union is a cooperative financial institution, owned and controlled by the people who use its services. These people are members. Credit unions serve groups that share something in common, such as where they work, live, or go to church. Credit unions are not-for-profit, and exist to provide a safe, convenient place for members to save money and to get loans at reasonable rates.


Credit unions are incorporated under either state or federal law as non-profit institutions.  However, credit unions are not charitable organizations.  Like other financial institutions, credit unions are closely regulated. And they operate in a very prudent manner. The National Credit Union Share Insurance Fund (NCUSIF), administered by the National Credit Union Administration is an agency of the federal government, insures deposits of credit union members at more than 9,000 federal and state-chartered credit unions nationwide. Deposits are insured up to $250,000.


What makes a credit union different from a bank or savings & loan? Banks and savings & loans are in business to make a profit and they are owned by groups of stockholders whose interests include earning a healthy return on their investments.

Annual Report

As a credit union, we believe in transparency where all financial matters are concerned. This is why, at the beginning of each calendar year, we host our Annual Meeting. Open to all members, the Annual Meeting comprises a short business meeting followed by an evening of dinner with games and prizes. This is also the time when we present to you, our member-owners, our Annual Report, a compilation of financial reports, such as statement of financial condition and profit and expenditures. We want you to feel secure about the safety of SACU as a financial institution, and trust that we are doing our very best to ensure the stability continues for years to come.

View Current Annual Report


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Phone: (937) 644-7385  |  Toll Free: 1-800-821-8173  |  Fax: (937) 645-2749  |  ARU: 937-645-2600 or 1-800-811-2546
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