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Overview / Commentary
800-899-8296
P.O. Box 908
La Habra, CA 90631

South Western Credit Union is headquartered in La Habra and is the 135th largest credit union in the state of California. It is also the 1,280th largest credit union in the nation. It was established in 1937 and as of March of 2014, it had grown to 36 employees and 11,164 members. South Western Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live, work, attend school or worship in Whittier, Santa Fe Springs, La Habra Heights, Pico Rivera, Los Nietos or selected portion of La Mirada. Also open to employees of several selected employer groups. - See Details

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Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 South Western Credit Union had $334,000 in non-current loans and owned real-estate with $10.84 million in equity and loan loss allowances on hand to cover it. This gives South Western Credit Union a Texas Ratio of 3.08% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for South Western Credit Union experienced no significant changes from 2.09% as of March 31, 2013 to 3.08% as of March 31, 2014, resulting in a negative change of 47.63%. This indicates that the balance sheet and financial strength for South Western Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
D

In the past year, South Western Credit Union has decreased its total deposits by -$5.95 million, resulting in -5.23% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth South Western Credit Union has shown is below average.

Capitalization

GRADE:
C

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. South Western Credit Union has $129.34 million in assets with $10.84 million in equity, resulting in a capitalization level of 8.38%, which is average.

Institution Statistics

Overall
NCUA #1955
Year Chartered1937
Employees36
Primary Regulator
Assets and Liabilities
Assets$129.34 million
Loans$44.78 million
Deposits$107.82 million
Equity Capital$10.60 million
Loan Loss Allowance$241,000
Unbacked Noncurrent Loans$334,000
Real Estate Owned$0
Historic Data - March 2013
Assets$140.78 million
Equity Capital$11.74 million
Loan Loss Allowance$624,000
Unbacked Noncurrent Loans$334,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets-0.28%
Return on Equity-3.36%
Interest Income$1.05 million
Rates

Always verify rates and promotions with the bank or credit union. We are not South Western Credit Union, we are a rate comparison website and can not provide official rates or promotions.

South Western Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$500-Share Account
0.05%$500-IRA
0.05%$500-Looney Tunes/Kid Club Savings
0.05%$500-First Step Savings
0.05%$500-Extra Step Savings
0.05%$500-Next Step Savings

South Western Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.15%$50k-Money Market

South Western Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$25-Regular Checking
0.05%$25-Direct Deposit Checking
0.05%$25-Next Step Checking
0.05%$25-First Step Checking
0.05%$25-Extra Step Checking

South Western Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.60%$500-5 Year CD
0.60%$50k-5 Year Jumbo CD
0.51%$250-3 Year Money Tree CD
0.50%$500-3 Year CD
0.50%$50k-3 Year Jumbo CD
0.30%$500-2 Year CD
0.30%$50k-2 Year Jumbo CD
0.20%$500-1 Year CD
0.20%$50k-1 Year Jumbo CD
0.15%$500-6-11 Month CD
0.15%$50k-6-11 Month Jumbo CD
0.10%$500-3 Month CD

South Western Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.60%$500-5 Year Traditional IRA
0.60%$100k-5 Year Jumbo IRA
0.50%$500-3 Year Traditional IRA
0.50%$100k-3 Year Jumbo IRA
0.30%$500-2 Year Traditional IRA
0.30%$100k-2 Year Jumbo IRA
0.20%$500-1 Year Traditional IRA
0.20%$100k-1 Year Jumbo IRA
Locations


South Western Credit Union Locations
Branch Office11749 Whittier BlvdWhittier, CA 90601-3939
Branch Office901 E Whittier BlvdLa Habra, CA 90631