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BBB Business Review

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BBB Accredited Business since

Sun Cities Financial Group, Inc.

Additional Locations

Phone: (630) 684-2227 1415 W. 22nd St.   Tower FL, Oak Brook, IL 60523 http://www.suncitiesfinancialgroup.com/


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Description



Sun Cities Financial Group is a financial services institution which provides assistance to individuals seeking to purchase insured and guaranteed deposit products as an investment strategy for retirement, college funds, and savings. Located in Oak Brook, IL, this company serves the western suburbs of Chicago, including Lombard, Villa Park, Downers Grove, Westmont, Clarendon Hills, Westchester, Bellwood, Western Springs, Hinsdale, Elmhurst, Oakbrook Terrace, La Grange Park, Glen Ellyn, Wheaton, Hillside, Brookfield, Broadview, Riverside, North Riverside, Lisle, Carol Stream, West Chicago, Addison, Burr Ridge, Willowbrook, Countryside, La Grange, Berkeley, Stone Park, Northlake, Maywood, Hodgkins, and Hines. The company was founded in 1998 and works with over 8,000 federally insured banks, which are all covered by the maximum FDIC insurance protection.

This institution assists individuals who would like invest their money by helping them find the best rate for Certificates of Deposit and annuities, which are secured and guaranteed deposit instruments. Because Sun Cities Financial Group provides banks with several millions of deposits at once, they are able to secure better rates than an individual who is looking for a Certificate of Deposit would be able to, and are therefore able to provide a better rate to those who use their services. They can also assist their clients with setting up annuities, which are guaranteed accounts offered by life insurance agencies and assist individuals who are looking for income in their retirement years.

Visit the website for Sun Cities Financial Group to learn more about their services, read about Certificates of Deposit and annuities, and contact the company to request their services.


BBB Accreditation

A BBB Accredited Business since

BBB has determined that Sun Cities Financial Group, Inc. meets BBB accreditation standards, which include a commitment to make a good faith effort to resolve any consumer complaints. BBB Accredited Businesses pay a fee for accreditation review/monitoring and for support of BBB services to the public.

BBB accreditation does not mean that the business' products or services have been evaluated or endorsed by BBB, or that BBB has made a determination as to the business' product quality or competency in performing services.


Reason for Rating

BBB rating is based on 13 factors. Get the details about the factors considered.

Factors that raised the rating for Sun Cities Financial Group, Inc. include:

  • Length of time business has been operating
  • Complaint volume filed with BBB for business of this size
  • Response to 1 complaint(s) filed against business
  • Resolution of complaint(s) filed against business


Customer Complaints Summary Read complaint details

1 complaint closed with BBB in last 3 years | 1 closed in last 12 months
Complaint Type Total Closed Complaints
Advertising/Sales Issues 0
Billing/Collection Issues 0
Delivery Issues 1
Guarantee/Warranty Issues 0
Problems with Product/Service 0
Total Closed Complaints 1

Customer Reviews Summary Read customer reviews

0 Customer Reviews on Sun Cities Financial Group, Inc.
Customer Experience Total Customer Reviews
Positive Experience 0
Neutral Experience 0
Negative Experience 0
Total Customer Reviews 0

Additional Information

BBB file opened: August 28, 2012 Business started: 02/01/1998 Business started locally: 02/01/1998 Business incorporated 08/24/1999 in AZ
Licensing, Bonding or Registration

This business is in an industry that may require professional licensing, bonding or registration. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met.

These agencies may include:

Illinois Department of Insurance
100 W. Randolph St. Suite 9-301, Chicago IL 60601
http://www.idfpr.com/doi
Phone Number: (312) 814-2420

Type of Entity

Corporation

Business Management
Mr. Jeff Katz, President
Contact Information
Principal: Mr. Jeff Katz, President
Business Category

Financial Services Annuities Insurance Services Investment Advice (NAICS: 523930)

X

BBB Customer Review Rating plus BBB Rating Overview


BBB Customer Reviews Rating represents the customers opinions of the business. The Customer Review Rating is based on the number of positive, neutral and negative customer reviews posted that are calculated to produce a score.

Customer Review Experience Value
Positive Review 5 points per review
Neutral Review 3 points per review
Negative Review 1 point per review

BBB letter grades represent the BBB's opinion of the business. The BBB grade is based on BBB file information about the business. In some cases, a business' grade may be lowered if the BBB does not have sufficient information about the business despite BBB requests for that information from the business.
Details

BBB Letter Grade Scale

BBB Rating Value
A+ 5
A 4.66
A- 4.33
B+ 4
B 3.66
B- 3.33
C+ 3
C 2.66
C- 2.33
D+ 2
D 1.66
D- 1.33
F 1
NR -----
Star Rating scale

  Average Score
5 stars 5.00
4.5 stars 4.50-4.99
4 stars 4.00-4.49
3.5 stars 3.50-3.99
3 stars 3.00-3.49
2.5 stars 2.50-2.99
2 stars 2.00-2.49
1.5 stars 1.50-1.99
1 star 0-1.49

BBB Customer Review Rating plus BBB Rating is not a guarantee of a business' reliability or performance, and BBB recommends that consumers consider a business' BBB Rating and Customer Review Rating in addition to all other available information about the business. If the BBB Rating is NR then only Customer Reviews are used for the Star Rating.