Overview / Commentary
271 Union 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 2,336th largest credit union in the nation. It was established in 1976 and as of December of 2018, it had grown to 15 employees and 4,431 members at 6 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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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

NCUA #22426
Year Chartered1976
Primary Regulator
Profit Margin
Return on Assets - YTD0.28%
Return on Equity - YTD2.06%
Annual Interest Income$1.5MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$49.1MM$47.7MM
LoansQ4 2018vs Q4 2017$31.0MM$26.4MM
DepositsQ4 2018vs Q4 2017$41.0MM$40.2MM
Equity CapitalQ4 2018vs Q4 2017$6.5MM$6.4MM
Loan Loss AllowanceQ4 2018vs Q4 2017$207.00K$186.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$223.00K$272.00K
Real Estate OwnedQ4 2018vs Q4 2017$0$0
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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

0.40%*$100k*-Tiered Savings Account
OTHER TIERS: 0.15% $1k - $2.5k | 0.20% $2.5k - $25k | 0.25% $25k - $100k
0.10%--Club Accounts

Southcoast Federal Credit Union Checking Account Rates

0.05%$200-Share Drafts

Southcoast Federal Credit Union CD Rates

1.99%$500-5 Year CD
1.50%$500-4 Year CD
1.25%$500-3 Year CD
1.00%$500-2 Year CD
0.75%$500-1 Year CD

Southcoast Federal Credit Union IRA Rates

1.99%$500-5 Year IRA
1.50%$500-4 Year IRA
1.25%$500-3 Year IRA
1.00%$500-2 Year IRA
0.75%$500-1 Year IRA

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
Branch Office68 Thomas StFall River, MA 02723-2404
Corporate Office271 Union StNew Bedford, MA 02740

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