Southern Coastal Federal Credit Union

TODAY'S FEATURED RATES

Member FDIC

4.54%

Our Rating

4.2 / 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

3.80%

Our Rating

4.3 / 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

4.10%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.

Member FDIC

3.70%

Our Rating

4.3 / 5

American Express®

High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

up to $300

Our Rating

4.3 / 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 34^th largest credit union in the state of Mississippi. It is also the 3,497^th largest credit union in the nation. It was established in 1973 and as of December of 2024, it had grown to 6 employees and 1,559 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 Q4 2024

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 Chartered	1973
Employees	6
Primary Regulator

Profit Margin
Return on Assets - YTD	0.26%
Return on Equity - YTD	1.38%
Annual Interest Income	$788K

Assets and Liabilities
Assets	Q4 2024vs Q4 2023	$13.1MM$12.5MM
Loans	Q4 2024vs Q4 2023	$9MM$8.7MM
Deposits	Q4 2024vs Q4 2023	$10.6MM$10MM
Equity Capital	Q4 2024vs Q4 2023	$2.4MM$2.4MM
Loan Loss Allowance	Q4 2024vs Q4 2023	$48K$35K
Unbacked Noncurrent Loans	Q4 2024vs Q4 2023	$59K$49K
Real Estate Owned	Q4 2024vs Q4 2023	$0$0

TODAY'S FEATURED RATES

Member FDIC

4.54%

Our Rating

4.2 / 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

3.80%

Our Rating

4.3 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Member FDIC

4.10%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.

Member FDIC

3.70%

Our Rating

4.3 / 5

American Express®

High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

up to $300

Our Rating

4.3 / 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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Savings
Checking
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.25%	$5	-	Checking Account

Southern Coastal Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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 Office	677 Dr Martin Luther King Jr Blvd	BILOXI, MS 39530-3838

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