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South Bay Credit Union


Overview / Commentary
www.southbaycu.com
310-374-3436
312 N Pacific Coast Hwy
Redondo Beach, CA 90277

South Bay Credit Union is headquartered in Redondo Beach and is the 150th largest credit union in the state of California. It is also the 1,552nd largest credit union in the nation. It was established in 1953 and as of December of 2020, it had grown to 19 employees and 8,664 members at 4 locations. South Bay Credit Union's savings rates are 25% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in South Bay Credit Union is open to those who live, work, worship or attend school in the South Bay area of California: Carson, Culver City, Gardena, El Segundo, Hawthorne, Harbor City, Manhattan Beach, Marina Del Rey, Palos Verdes Peninsula, Playa Del Rey, Playa Vista, Hermosa Beach, Rancho Palos Verdes, Redondo Beach, Inglewood, San Pedro, Lawndale, Torrance, Lomita, Los Angeles (zip codes 90045,90056, 90066), Venice, Wilmington.
See current membership details

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Health
A

Data as of Q4 2020

Learn why bank health matters

Health Grade Components

Overall
NCUA #95052
Year Chartered1953
Employees19
Primary Regulator
Profit Margin
Return on Assets - YTD0.8%
Return on Equity - YTD7.96%
Annual Interest Income$4.1MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$126.2MM$106.1MM
LoansQ4 2020vs Q4 2019$80.7MM$87.7MM
DepositsQ4 2020vs Q4 2019$112.6MM$92.9MM
Equity CapitalQ4 2020vs Q4 2019$12.6MM$11.7MM
Loan Loss AllowanceQ4 2020vs Q4 2019$1.1MM$778.00K
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$381.00K$573.00K
Real Estate OwnedQ4 2020vs Q4 2019$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not South Bay Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

South Bay Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%*$500k*-High Yield Savings
OTHER TIERS: 0.40% → $500 - $100k | 0.45% → $100k - $500k
0.15%$2.5k-IRA Savings
0.05%$500-Primary Savings
0.05%$500-Secondary Savings
0.05%$500-Holiday Club

South Bay Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$100k*-Money Market Accounts
OTHER TIERS: 0.10% → $2.5k - $10k | 0.15% → $10k - $50k | 0.20% → $50k - $100k

South Bay Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.01%$2.5k-Plus Checking

South Bay Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$1k-60 Month CD
0.90%$1k-48 Month CD
0.80%$1k-36 Month CD
0.70%$1k-24 Month CD
0.55%$1k-12 Month CD
0.35%$1k-6 Month CD
0.20%$1k-3 Month CD

South Bay Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$1k-60 Month IRA
0.90%$1k-48 Month IRA
0.80%$1k-36 Month IRA
0.70%$1k-24 Month IRA
0.55%$1k-12 Month IRA
0.35%$1k-6 Month IRA
0.20%$1k-3 Month IRA
Locations


South Bay Credit Union Locations
Branch Office1421 N MEADOWWOOD LN STE 130LIBERTY LAKE, WA 99019-7613
Branch Office312 N Pacific Coast HwyRedondo Beach, CA 90277-2837
Branch Office2023 ARTESIA BLVDREDONDO BEACH, CA 90278
Branch Office24520 Narbonne AveLomita, CA 90717-1135

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