Southwest Airlines Federal Credit Union is headquartered in Dallas and is the 47th largest credit union in the state of Texas. It is also the 542nd largest credit union in the nation. It was established in 1975 and as of June of 2024, it had grown to 118 employees and 59,133 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.
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
They must use the same computer systems as Southwest Airlines. Full of glitches and error screens. Avoid this credit union at all costs.
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
Overall | |
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NCUA # | 22157 |
Year Chartered | 1975 |
Employees | 118 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.44% |
Return on Equity - YTD | 3.92% |
Annual Interest Income | $18.9MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q2 2024vs Q2 2023 | $794.6MM$757.2MM |
Loans | Q2 2024vs Q2 2023 | $592.3MM$575.3MM |
Deposits | Q2 2024vs Q2 2023 | $696.5MM$667.9MM |
Equity Capital | Q2 2024vs Q2 2023 | $87.9MM$81.3MM |
Loan Loss Allowance | Q2 2024vs Q2 2023 | $3.8MM$2.8MM |
Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $4.6MM$3.2MM |
Real Estate Owned | Q2 2024vs Q2 2023 | $253K$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
1.00% | $0 | - | IRA Savings | |
0.10% | $100 | - | Regular Savings | |
0.10% | $0 | - | Youth Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
4.00%* | $50k* | - | LUV Fund (Money Market) | ||
OTHER TIERS: 3.00% → $2k - $10k | 3.50% → $10k - $50k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
4.00% | $0 | $25k | LUV Reward Checking |
Southwest Airlines Federal Credit Union Locations | ||
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Branch Office | 8441 Gulf Fwy Ste 103 | Houston, TX 77017-5064 |
Branch Office | 4645 E Cotton Center Blvd Ste 115 | Phoenix, AZ 85040 |
Branch Office | 801 W Euless Blvd Ste 104 | Euless, TX 76040-4438 |