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Southern Coastal Federal Credit Union


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/1/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/1/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/1/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
socofcu.org
228-432-0284
677 Dr. MLK Jr. Blvd
Biloxi, MS 39530

Southern Coastal Federal Credit Union is headquartered in BILOXI and is the 31st largest credit union in the state of Mississippi. It is also the 3,448th largest credit union in the nation. It was established in 1973 and as of March of 2025, it had grown to 6 employees and 1,560 members at 1 location. Southern Coastal Federal Credit Union's CD rates are 40% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership in Southern Coastal Credit Union is open to employees and retirees of Biloxi Housing Authority, City of Biloxi, City of D'Iberville, Harrison County, Gulf Oaks Hospital, Merit Health Biloxi and affiliated physicians offices, Harrison County Library System, Gulf Coast Surgery Center, Swetman Security Services, or Gaming employees including support staff.
See current membership details

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Health
B+

Data as of Q1 2025

Learn why bank health matters
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. Southern Coastal Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #24885
Year Chartered1973
Employees6
Primary Regulator
Profit Margin
Return on Assets - YTD0.61%
Return on Equity - YTD3.36%
Annual Interest Income$206K
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$13.7MM$12.8MM
LoansQ1 2025vs Q1 2024$8.8MM$8.4MM
DepositsQ1 2025vs Q1 2024$11.2MM$10.3MM
Equity CapitalQ1 2025vs Q1 2024$2.4MM$2.4MM
Loan Loss AllowanceQ1 2025vs Q1 2024$51K$41K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$74K$55K
Real Estate OwnedQ1 2025vs Q1 2024$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/1/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/1/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/1/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Southern Coastal Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$5-Christmas Club
0.50%*$5k*-Share Savings Account
OTHER TIERS: 0.25% → $5 - $2.5k | 0.40% → $2.5k - $5k

Southern Coastal Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$5-Checking Account

Southern Coastal Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.52%$500-60 Month CD
2.02%$500-48 Month CD
1.92%$500-36 Month CD
1.71%$500-24 Month CD
1.51%$500-18 Month CD
1.26%$500-12 Month CD
0.75%$500-6 Month CD

Southern Coastal Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.52%$1k-60 Month IRA
2.02%$1k-48 Month IRA
2.02%$5-IRA Savings
1.92%$1k-36 Month IRA
1.71%$1k-24 Month IRA
1.51%$1k-18 Month IRA
1.26%$1k-12 Month IRA
0.75%$1k-6 Month IRA
Locations


Southern Coastal Federal Credit Union Locations
Branch Office677 Dr Martin Luther King Jr BlvdBILOXI, MS 39530-3838

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