Southwest Communities Federal Credit Union
LOCATIONS
1
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HEALTH RATING
B
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CURRENT TOP RATE
0.30% APY
60 Month CD
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Overview / Commentary
Southwest Communities Federal Credit Union is headquartered in Carnegie and is the 190th largest credit union in the state of Pennsylvania. It is also the 3,450th largest credit union in the nation. It was established in 1939 and as of March of 2021, it had grown to 4 employees and 2,306 members at 1 location. Southwest Communities Federal Credit Union has a B health rating.
Field of Membership Restrictions
Southwest Communities Federal Credit Union is open to those who live, work, attend school or worship in Bridgeville, Castle Shannon, Carnegie, Crafton, Collier, Greentree, Dormont, Heidelberg, Ingram, Kennedy, McKees Rocks, Mount Lebanon, Pennsbury, Robinson, Rosslyn Farms, Scott, Stowe, and Thornburg in Allegheny County, Pennsylvania.
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Health
B
Data as of Q1 2021
Learn why bank health mattersAdditional 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. Southwest Communities Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 3278 |
| Year Chartered | 1939 |
| Employees | 4 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.23% |
| Return on Equity - YTD | -2.64% |
| Annual Interest Income | $111.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2021vs Q1 2020 | $20.0MM$18.0MM |
| Loans | Q1 2021vs Q1 2020 | $7.4MM$7.6MM |
| Deposits | Q1 2021vs Q1 2020 | $18.3MM$16.3MM |
| Equity Capital | Q1 2021vs Q1 2020 | $1.7MM$1.7MM |
| Loan Loss Allowance | Q1 2021vs Q1 2020 | $63.00K$55.00K |
| Unbacked Noncurrent Loans | Q1 2021vs Q1 2020 | $124.00K$67.00K |
| Real Estate Owned | Q1 2021vs Q1 2020 | $0$0 |