Southwest Communities Federal Credit Union
LOCATIONS
1
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HEALTH RATING
C+
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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 192nd largest credit union in the state of Pennsylvania. It is also the 3,473rd largest credit union in the nation. It was established in 1939 and as of December of 2020, it had grown to 4 employees and 2,310 members at 1 location. Southwest Communities Federal Credit Union has a C+ 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
C+
Data as of Q4 2020
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 | 0.03% |
| Return on Equity - YTD | 0.36% |
| Annual Interest Income | $533.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $18.8MM$17.8MM |
| Loans | Q4 2020vs Q4 2019 | $7.2MM$8.1MM |
| Deposits | Q4 2020vs Q4 2019 | $17.1MM$16.1MM |
| Equity Capital | Q4 2020vs Q4 2019 | $1.7MM$1.7MM |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $56.00K$65.00K |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $243.00K$76.00K |
| Real Estate Owned | Q4 2020vs Q4 2019 | $0$0 |