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Southcoast Federal Credit Union

Southcoast Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.50%5-year CD5 Year CD
0.60%1-year CD1 Year CD
0.10%SavingsRegular Share

Overview / Commentary
508-997-4475
101 Page St
New Bedford, MA 02740

Southcoast Federal Credit Union is headquartered in New Bedford and is the 71st largest credit union in the state of Massachusetts. It is also the 2,372nd largest credit union in the nation. It was established in 1976 and as of March of 2017, it had grown to 11 employees and 4,213 members at 4 locations. Southcoast Federal Credit Union has a B health rating.

Field of Membership Restrictions

Membership is open to Southcoast Health Systems employees, medical staff and volunteers.
See current membership details

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Health
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Southcoast Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #22426
Year Chartered1976
Employees11
Primary Regulator
Profit Margin
Return on Assets - YTD-0.04%
Return on Equity - YTD-0.33%
Annual Interest Income$319.00K
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$49.2MM$49.8MM
LoansQ1 2017vs Q1 2016$24.4MM$22.5MM
DepositsQ1 2017vs Q1 2016$40.1MM$39.4MM
Equity CapitalQ1 2017vs Q1 2016$6.1MM$6.2MM
Loan Loss AllowanceQ1 2017vs Q1 2016$165.00K$159.00K
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$531.00K$193.00K
Real Estate OwnedQ1 2017vs Q1 2016$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Southcoast Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$100k*-Tiered Savings Account
OTHER TIERS: 0.15% $1k - $2,500 | 0.20% $2,500 - $25k | 0.25% $25k - $100k
0.10%$50-Regular Share
0.10%--Club Accounts

Southcoast Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$200-Share Draft

Southcoast Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%$500-5 Year CD
1.25%$500-4 Year CD
1.10%$500-3 Year CD
1.00%$500-2 Year CD
0.60%$500-1 Year CD

Southcoast Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%$500-5 Year IRA
1.25%$500-4 Year IRA
1.10%$500-3 Year IRA
1.00%$500-2 Year IRA
0.60%$500-1 Year IRA
Locations


Southcoast Federal Credit Union Locations
Branch Office43 High StWareham, MA 02571
Branch Office101 Page StNew Bedford, MA 02740
Branch Office200 Mill RdFairhaven, MA 02719
Branch Office363 Highland AveFall River, MA 02720