Soarion Credit Union

Soarion Credit Union


Overview / Commentary
210-673-5610
1560 Cable Ranch Rd Ste 200
San Antonio, TX 78245

Air Force Federal Credit Union was established in 1952 by Airmen volunteers as Lackland Federal Credit Union. Today, it is headquartered in San Antonio, TX, and its funds are insured by the National Credit Union Administration.

Air Force FCU provides a range of personal deposit accounts to its members, including checking accounts, savings accounts, money market accounts, Certificates of Deposit (CDs), and Individual Retirement Accounts (IRAs). Customers can securely and conveniently access their funds via online and mobile banking.

The credit union requires a basic savings account for membership, and its checking accounts include a product option for those with poor credit history. Money market accounts yield tiered interest rates, based upon the account balance. CD terms range from 6 months to 7 years, and CD funds may be used as collateral for certain loans. IRA options include Traditional, Roth, and Coverdell ESA products.

In addition to offering payroll and merchant payment processing services to its business clients, Air Force FCU also offers business checking accounts.

Field of Membership Restrictions

Membership in Soarion Credit Union is open (1) If you live, work, worship or attend school or have a business or other legal entity located in Qualified areas of San Antonio, Texas or Del Rio, Texas, and surrounding counties or Mississippi counties of Clay, Lowndes, and Oktibbeha. (2) If you are an active duty member, reservist, veteran, retiree, or a dependent of a member of the U.S. Armed Forces or National Guard residing or working in Texas, Oklahoma, Arkansas, Louisiana, or Mississippi. (3) If you are a family member or reside in the household of a person who qualifies for membership. (4) If you join either the Airman Heritage Foundation or the Dream Educational Foundation.
See current membership details

Reviews (1)

CD Rate Increase For Extra Services

FYI reference: https://www.magnifymoney.com/blog/reviews/air-force-federal-credit-union/

"The credit union currently pays the same interest rate regardless of the size of your deposit. They do offer a rate bonus if you use other services there. If you have either an AFFCU checking account or loan, they will add an additional 10 basis points to your interest rate; if you have both a checking account and loan they will add 20 basis points".



Health
C+

Health Grade Components

Overall
NCUA #8169
Year Chartered1952
Employees145
Primary Regulator
Profit Margin
Return on Assets - YTD0.52%
Return on Equity - YTD7.25%
Annual Interest Income$8.1MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$652.5MM$643.6MM
LoansQ1 2024vs Q1 2023$555.8MM$541.9MM
DepositsQ1 2024vs Q1 2023$586.9MM$544.2MM
Equity CapitalQ1 2024vs Q1 2023$47.6MM$45.9MM
Loan Loss AllowanceQ1 2024vs Q1 2023$5.4MM$1.7MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$11.7MM$4.4MM
Real Estate OwnedQ1 2024vs Q1 2023$0$0
Rates

Rates for Soarion Credit Union are currently being reviewed.

Locations


Soarion Credit Union Locations
Branch Office200 Avenue CDel Rio, TX 78840
Branch Office151 Valley HI DrSan Antonio, TX 78227
Branch Office1560 Cable Ranch Rd Ste 200San Antonio, TX 78245
Branch Office2180 Reese St Bldg 1285Lackland AFB, TX 78236
Branch Office6000 FM 3009 Ste 206Schertz, TX 78154
Branch Office1908 Highway 45 N Suite AColumbus, MS 39705
Branch Office9910 W Loop 1604 N Ste 129San Antonio, TX 78254
Branch Office2538 Summit Church Rd Unit 107San Antonio, TX 78259-1610

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