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Overview / Commentary
2601 S John Redditt Dr
Lufkin, TX 75904

Southland Credit Union (TX) is headquartered in Lufkin and is the 222nd largest credit union in the state of Texas. It is also the 2,910st largest credit union in the nation. It was established in 1963 and as of December of 2013, it had grown to 13 employees and 4,468 members. Southland Credit Union (TX)'s savings rates are 92% higher than the national average, and it has a C+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Angelina, Houston or Trinity County, Texas - See Details

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

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Data for Q4 2013

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Southland Credit Union (TX) has a low asset base.

Texas Ratio


The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Southland Credit Union (TX) had $441,000 in non-current loans and owned real-estate with $3.21 million in equity and loan loss allowances on hand to cover it. This gives Southland Credit Union (TX) a Texas Ratio of 13.76% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Southland Credit Union (TX) increased slightly from 7.90% as of December 31, 2012 to 13.76% as of December 31, 2013, resulting in a negative change of 74.21%. This indicates that the balance sheet and financial strength for Southland Credit Union (TX) has declined slightly in recent periods.

Deposit Growth


In the past year, Southland Credit Union (TX) has increased its total deposits by $3.8 million, resulting in 16.18% 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 (TX) has shown is excellent.



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 (TX) has $30.63 million in assets with $3.21 million in equity, resulting in a capitalization level of 10.47%, which is above average.

Institution Statistics

NCUA #15815
Year Chartered1963
Primary Regulator
Assets and Liabilities
Assets$30.63 million
Loans$22.02 million
Deposits$27.30 million
Equity Capital$3.02 million
Loan Loss Allowance$191,000
Unbacked Noncurrent Loans$441,000
Real Estate Owned$0
Historic Data - December 2012
Assets$26.05 million
Equity Capital$2.48 million
Loan Loss Allowance$204,000
Unbacked Noncurrent Loans$441,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin6.49%
Return on Assets1.94%
Return on Equity19.7%
Interest Income$1.59 million
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Southland Credit Union (TX) Savings Account Rates

1.00%$25-IRA Savings
0.50%$100k-Shares Savings

Southland Credit Union (TX) Checking Account Rates


Southland Credit Union (TX) CD Rates

1.51%$100k-60 Month Share Certificate
1.26%$50k-48 Month Share Certificate
1.00%$25k-36 Month Share Certificate
0.75%$25k-24 Month Share Certificate
0.50%$25k-12 Month Share Certificate
0.25%$50k-6 Month Share Certificate

Southland Credit Union (TX) Locations
Branch Office2601 S John Redditt DrLufkin, TX 75904-5624
Branch Office1524 E Houston AveCrockett, TX 75835