Southern Federal Credit Union


Overview / Commentary
713-232-7774
1414 Enclave Parkway Suite 250
Houston, TX 77077

Southern Federal Credit Union is headquartered in Houston and is the 153rd largest credit union in the state of Texas. It is also the 1,920th largest credit union in the nation. It was established in 1954 and as of June of 2021, it had grown to 8 employees and 3,619 members at 1 location. Southern Federal Credit Union's savings rates are 44% higher than the national average, and it has an A health rating.

Reviews (1)

First Impression, They Can Do Better.

Posted by: |

Their office is open, but I couldn't get anyone on the phone before 1pm, it just went to voicemail. The "representative" that answered the phone explained that after you filled out the Membership Application you can email it to [email protected], the email on their home page. They offer better rates on over $25k than anyone (today). $50 Membership Share (on the high side for CUs) but you get it back if you ever close the account. $12 inactive fee after 6 months (set an auto pay of $1 every 5 months).

Update from: Member Services

Southern Federal Credit Union

832-769-3240

We are a closed membership limited to the employees of Transocean, EP Energy, TODCO, Streamlined Expansion companies or Bridas Energy.

Easy enough to say you work or are related to someone that works at one of these companies, but based on my experience, why bother.



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. Southern Federal Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #9214
Year Chartered1954
Employees8
Primary Regulator
Profit Margin
Return on Assets - YTD0.33%
Return on Equity - YTD0.94%
Annual Interest Income$1.1MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$89.8MM$88.5MM
LoansQ2 2021vs Q2 2020$35.1MM$43.8MM
DepositsQ2 2021vs Q2 2020$57.4MM$56.4MM
Equity CapitalQ2 2021vs Q2 2020$31.7MM$31.4MM
Loan Loss AllowanceQ2 2021vs Q2 2020$1.3MM$1.3MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$1.5MM$1.8MM
Real Estate OwnedQ2 2021vs Q2 2020$0$0
Rates
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Southern Federal 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.

Southern Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*$100k*-Share Savings
OTHER TIERS: 0.15% $100 - $10k | 0.25% $10k - $25k | 0.50% $25k - $100k
0.75%*$100k*-Christmas Club
OTHER TIERS: 0.15% $100 - $10k | 0.25% $10k - $25k | 0.50% $25k - $100k
0.75%$500-IRA

Southern Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$500-Advantage Checking
0.25%$500-Elite Checking
0.25%$500-Prime Checking
Locations


Southern Federal Credit Union Locations
Branch Office1414 Enclave Pkwy Ste 250Houston, TX 77077-2023

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.