Southwest Airlines Federal Credit Union


Overview / Commentary
214-357-5577
2430 Shorecrest
Dallas, TX 75235

Southwest Airlines Federal Credit Union is headquartered in Dallas and is the 46th largest credit union in the state of Texas. It is also the 549th largest credit union in the nation. It was established in 1975 and as of March of 2024, it had grown to 118 employees and 59,279 members at 3 locations. Southwest Airlines Federal Credit Union's money market rates are 9X the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in Southwest Airlines Federal Credit Union is open to employees of Southwest Airlines or any of more than 150 Select Employee Groups, or for immediate family of those eligible. (Membership details are listed in the credit union's online application)
See current membership details

Reviews (2)

Horrible Interface

They must use the same computer systems as Southwest Airlines. Full of glitches and error screens. Avoid this credit union at all costs.

Horrible Credit Union And Its Employees

Posted by: |

They like like to discriminate and bully people than claim equal credit union to all consumers which is a big lie and scam . After 15 years of being member I am done with this racist bank . Outrageous customer service experience and cruel management! I have nothing nice to say about this bank . Absolutely evil people working there , the hatred and vicious false accusations against consumers and members is beyond disrespectful and unprofessional. Over my dead body I’ll ever do business with this bank and idiots working there . Run away from this bank



Health

Health Grade Components

Overall
NCUA #22157
Year Chartered1975
Employees118
Primary Regulator
Profit Margin
Return on Assets - YTD0.3%
Return on Equity - YTD2.79%
Annual Interest Income$9.3MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$779.1MM$750.1MM
LoansQ1 2024vs Q1 2023$596.2MM$565.9MM
DepositsQ1 2024vs Q1 2023$685.9MM$663.2MM
Equity CapitalQ1 2024vs Q1 2023$83.6MM$80.3MM
Loan Loss AllowanceQ1 2024vs Q1 2023$3.8MM$2.6MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$4.8MM$2.5MM
Real Estate OwnedQ1 2024vs Q1 2023$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Southwest Airlines 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.

Southwest Airlines Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$0-IRA Savings
0.10%$100-Regular Savings
0.10%$0-Youth Savings

Southwest Airlines Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%*$50k*-LUV Fund (Money Market)
OTHER TIERS: 3.00% $2k - $10k | 3.50% $10k - $50k

Southwest Airlines Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%$0$25kLUV Reward Checking

Southwest Airlines Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.10%$75k-12 Month Jumbo CD
5.00%$1k$75k12 Month CD
5.00%$75k-6 Month Jumbo CD
5.00%$75k-48 Month Jumbo CD
4.75%$1k$75k6 Month CD
4.75%$1k$75k48 Month CD
4.75%$75k-36 Month Jumbo CD
4.50%$1k$75k36 Month CD
4.50%$75k-24 Month Jumbo CD
4.25%$1k$75k24 Month CD

Southwest Airlines Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.10%$75k-12 Month Jumbo IRA
5.00%$75k-6 Month Jumbo IRA
5.00%$1k$75k12 Month IRA
5.00%$75k-48 Month Jumbo IRA
4.75%$1k$75k6 Month IRA
4.75%$75k-36 Month Jumbo IRA
4.75%$1k$75k48 Month IRA
4.50%$75k-24 Month Jumbo IRA
4.50%$1k$75k36 Month IRA
4.25%$1k$75k24 Month IRA
Locations


Southwest Airlines Federal Credit Union Locations
Branch Office8441 Gulf Fwy Ste 103Houston, TX 77017-5064
Branch Office4645 E Cotton Center Blvd Ste 115Phoenix, AZ 85040
Branch Office801 W Euless Blvd Ste 104Euless, TX 76040-4438

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