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2601 S John Redditt Dr
Lufkin, TX 75904-5624

Southland Credit Union (TX) is headquartered in Lufkin and is the 221st largest credit union in the state of Texas. It is also the 2,890th largest credit union in the nation. It was established in 1963 and as of March of 2014, it had grown to 14 employees and 4,268 members. Southland Credit Union (TX)'s savings rates are 92% higher than the national average, and it has a B 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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Data for Q1 2014

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 capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Southland Credit Union (TX) had $319,000 in non-current loans and owned real-estate with $3.35 million in equity and loan loss allowances on hand to cover it. This gives Southland Credit Union (TX) a Texas Ratio of 9.53% which is excellent. 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) experienced no significant changes from 8.34% as of March 31, 2013 to 9.53% as of March 31, 2014, resulting in a negative change of 14.30%. This indicates that the balance sheet and financial strength for Southland Credit Union (TX) has had no significant changes in recent periods.

Deposit Growth


In the past year, Southland Credit Union (TX) has increased its total deposits by $3.1 million, resulting in 12.36% 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 $31.9 million in assets with $3.35 million in equity, resulting in a capitalization level of 10.49%, which is above average.

Institution Statistics

NCUA #15815
Year Chartered1963
Primary Regulator
Assets and Liabilities
Assets$31.90 million
Loans$22.64 million
Deposits$28.15 million
Equity Capital$3.13 million
Loan Loss Allowance$218,000
Unbacked Noncurrent Loans$319,000
Real Estate Owned$0
Historic Data - March 2013
Assets$27.58 million
Equity Capital$2.56 million
Loan Loss Allowance$235,000
Unbacked Noncurrent Loans$319,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets1.28%
Return on Equity13.04%
Interest Income$407,000
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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) CD Rates

1.76%$75k-60 Month Share Certificate
1.51%$75k-48 Month Share Certificate
1.26%$75k-36 Month Share Certificate
1.00%$75k-24 Month Share Certificate
0.50%$10k-12 Month Share Certificate
0.25%$10k-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