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562-862-6831
10701 Los Alamitos Blvd
Los Alamitos, CA 90720

Southland Credit Union is headquartered in Los Alamitos and is the 72nd largest credit union in the state of California. It is also the 465th largest credit union in the nation. It was established in 1944 and as of March of 2014, it had grown to 98 employees and 47,767 members. Southland Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to those who who live, regularly work, currently attend school, or currently worship in; Orange County, Downey, Santa Fe Springs, La Habra Heights, La Mirada, Norwalk, Artesia, Cerritos, Bellflower, Lakewood, Hawaiian Gardens, Paramount, Long Beach, and Signal Hill. Employees of our Select Employee Groups (SEG) may also join the Credit Union. In addition, family members of Southland Members are also eligible for Southland Credit Union membership, or if you live within the same household as a current Member. - See Details

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$175 Checking Bonus Replaces Reward Checking Rates at Southland Credit Union in SoCal - 2/19/2014

Southland Credit Union in Southern California is advertising that you can earn up to $175 with its Cash Rewards Checking. What’s interesting about this checking account bonus is that the qualification ...



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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 Southland Credit Union had $5.57 million in non-current loans and owned real-estate with $61.65 million in equity and loan loss allowances on hand to cover it. This gives Southland Credit Union a Texas Ratio of 9.04% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B

The Texas Ratio for Southland Credit Union decreased slightly from 10.59% as of March 31, 2013 to 9.04% as of March 31, 2014, resulting in a positive change of 14.65%.This indicates that the balance sheet and financial strength for Southland Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
C

In the past year, Southland Credit Union has decreased its total deposits by -$7.08 million, resulting in -1.64% 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 Southland Credit Union has shown is average.

Capitalization

GRADE:
A+

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. Southland Credit Union has $486.55 million in assets with $61.65 million in equity, resulting in a capitalization level of 12.67%, which is excellent.

Institution Statistics

Overall
NCUA #68415
Year Chartered1944
Employees98
Primary Regulator
Assets and Liabilities
Assets$486.55 million
Loans$322.22 million
Deposits$424.16 million
Equity Capital$57.39 million
Loan Loss Allowance$4.26 million
Unbacked Noncurrent Loans$3.02 million
Real Estate Owned$2.55 million
Historic Data - March 2013
Assets$494.27 million
Equity Capital$55.53 million
Loan Loss Allowance$5.90 million
Unbacked Noncurrent Loans$3.02 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.12%
Return on Assets0.54%
Return on Equity4.54%
Interest Income$4.20 million
Rates

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

Southland Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$25-Primary Savings
0.05%--Holiday Club Account
0.05%--IRA Account
0.05%--Health Savings Account
0.05%--SEP IRA Account
0.05%--Roth IRA Account

Southland Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$50k-Money Market

Southland Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Premium Business Checking Account

Southland Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.15%$100k-5 Year Jumbo CD
1.00%$1k-5 Year Term share CD
0.95%$100k-4 Year Jumbo CD
0.80%$1k-4 Year Term share CD
0.70%$100k-3 Year Jumbo CD
0.55%$1k-3 Year Term share CD
0.40%$100k-2 Year Jumbo CD
0.35%$100k-1 Year Jumbo AcceleRate CD
0.30%$100k-6 Month Jumbo AcceleRate CD
0.25%$1k-2 Year Term share CD
0.20%$1k-1 Year AcceleRate CD
0.15%$1k-6 Month AcceleRate CD

Southland Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.15%$100k-5 Year Jumbo IRA
1.00%$1k-5 Year IRA Term share
0.95%$100k-4 Year Jumbo IRA
0.80%$1k-4 Year IRA Term share
0.70%$100k-3 Year Jumbo IRA
0.55%$1k-3 Year IRA Term share
0.40%$100k-2 Year Jumbo IRA
0.35%$100k-1 Year Jumbo AcceleRate IRA
0.30%$100k-6 Month Jumbo AcceleRate IRA
0.25%$1k-2 Year IRA Term share
0.20%$1k-1 Year AcceleRate IRA
0.15%$1k-6 Month AcceleRate IRA
Locations


Southland Credit Union Locations
Branch Office8545 Florence AveDowney, CA 90240-4014
Branch Office300 N Los Angeles St Ste 2044 Federal Bldg.Los Angeles, CA 90012-3335
Branch Office200 S Spring StLos Angeles, CA 90012
Branch Office12860 Euclid StGarden Grove, CA 92840-5213
Branch Office501 Colorado Ave Ste 100Santa Monica, CA 90401
Branch Office10701 Los Alamitos BlvdLos Alamitos, CA 90720