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Overview / Commentary
1941 Bridgeville Hwy
Seaford, DE 19973

Sussex County Credit Union is headquartered in Seaford and is the 3rd largest credit union in the state of Delaware. It is also the 793rd largest credit union in the nation. It was established in 1959 and as of March of 2014, it had grown to 57 employees and 14,839 members. Sussex County Credit Union's savings rates are 2X the national average, and it has a A health rating.

Field of Membership Restrictions

Must live, work, attend school or worship in Sussex County or the City of Milford, Delaware. A business may qualify for membership if it is located in or maintains a facility in Sussex County or the City of Milford. An organization (clubs, associations, teams, etc.) may also qualify. - See Details

Reviews (1)

SFCU is an ok bank

The security the bank uses to protect its customers has consistently been lacking. In the past 2 or 3 years both of my parent's credit card's have been stolen from the bank. It was relatively easy to fix but was aggravating that the problem happened in the first place. I do not have a credit card here, so I have had no problem with it being stolen. The bank is also trying to shift to automated banking which I do not like. They do however have a free coin counter in their Millsboro location on Route 24.


Data for Q1 2014

Institution Health


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 Sussex County Credit Union had $2.64 million in non-current loans and owned real-estate with $35.55 million in equity and loan loss allowances on hand to cover it. This gives Sussex County Credit Union a Texas Ratio of 7.42% 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 Sussex County Credit Union decreased slightly from 9.11% as of March 31, 2013 to 7.42% as of March 31, 2014, resulting in a positive change of 18.56%.This indicates that the balance sheet and financial strength for Sussex County Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, Sussex County Credit Union has increased its total deposits by $500,000, resulting in 0.23% 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 Sussex County Credit Union has shown is above average.



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. Sussex County Credit Union has $252.8 million in assets with $35.55 million in equity, resulting in a capitalization level of 14.06%, which is excellent.

Institution Statistics

NCUA #13121
Year Chartered1959
Primary Regulator
Assets and Liabilities
Assets$252.80 million
Loans$103.80 million
Deposits$217.55 million
Equity Capital$33.99 million
Loan Loss Allowance$1.56 million
Unbacked Noncurrent Loans$1.70 million
Real Estate Owned$936,000
Historic Data - March 2013
Assets$252.87 million
Equity Capital$34.32 million
Loan Loss Allowance$2.07 million
Unbacked Noncurrent Loans$1.70 million
Real Estate Owned$695,000
Profit Margin - Quarterly
Net Interest Margin1.22%
Return on Assets1%
Return on Equity7.41%
Interest Income$2.19 million
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Sussex County Credit Union Savings Account Rates

1.26%--Kids Club Account
1.14%--Personal Pension Account
0.90%--IRA Account
0.90%--Roth IRA Account
0.55%$100k-Savings Club Account
0.20%--Prime Share Account
0.20%--Holiday Club Account

Sussex County Credit Union Checking Account Rates

0.20%$2k-Checking Account

Sussex County Credit Union CD Rates

1.51%$1k-60 Month Share Certificate
0.75%$1k-36 Month Share Certificate
0.70%$1k-12 Month Checking Relationship Share Certificate
0.55%$1k-24 Month Share Certificate
0.50%$1k-6 Month Savings Builder Certificate
0.45%$1k-12 Month Share Certificate
0.25%$1k-6 Month Share Certificate
0.25%$1k-9 Month Share Certificate

Sussex County Credit Union IRA Rates

1.51%$1k-60 Month IRA
0.75%$1k-36 Month IRA
0.70%$1k-12 Month Checking Relationship IRA
0.55%$1k-24 Month IRA
0.45%$1k-12 Month IRA
0.25%$1k-6 Month IRA
0.25%$1k-9 Month IRA

Sussex County Credit Union Locations
Branch Office34686 Old Postal LnLewes, DE 19958
Branch Office100 Main StMillsboro, DE 19966
Branch Office140 Aerenson DrMilford, DE 19963
Branch Office1941 Bridgeville HwySeaford, DE 19973