Southwest Communities Federal Credit Union

Overview / Commentary
213 Pine Street
Carnegie, PA 15106

Southwest Communities Federal Credit Union is headquartered in Carnegie and is the 185th largest credit union in the state of Pennsylvania. It is also the 3,365th largest credit union in the nation. It was established in 1939 and as of September of 2022, it had grown to 4 employees and 2,094 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.
See current membership details

Reviews (1)

I Cannot Wait To Pay Off My Balance And Be Done With Them

I have both a savings account and a credit card through them. I am in a debt relief program where they seem to refuse to communicate with them. They have put my payments into my savings account instead of toward my balance then charge me late fees on multiple occasions. I have called to resolve the issue and they act like there is nothing they can do. Now I get an email from my debt relief company that they have tried reaching them for awhile for a payoff amount as I am nearing the end of my debt payments and they will not respond to them! Very unprofessional.

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. Southwest Communities Federal Credit Union has a low asset base.

Health Grade Components

NCUA #3278
Year Chartered1939
Primary Regulator
Profit Margin
Return on Assets - YTD-0.15%
Return on Equity - YTD-1.97%
Annual Interest Income$353.00K
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$21.1MM$20.5MM
LoansQ3 2022vs Q3 2021$8.1MM$7.8MM
DepositsQ3 2022vs Q3 2021$19.5MM$18.9MM
Equity CapitalQ3 2022vs Q3 2021$1.6MM$1.6MM
Loan Loss AllowanceQ3 2022vs Q3 2021$42.00K$31.00K
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$157.00K$166.00K
Real Estate OwnedQ3 2022vs Q3 2021$0$0
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Southwest Communities Federal Credit Union Savings Account Rates

0.05%$25-Share Account
0.05%--Christmas Club
0.05%--Vacation Club
0.05%--Health Savings Account
0.05%--IRA Account

Southwest Communities Federal Credit Union Checking Account Rates

0.05%--Premium Checking

Southwest Communities Federal Credit Union CD Rates

0.20%$500-36 Month CD
0.20%$500-60 Month CD
0.15%$500-24 Month CD
0.10%$500-12 Month CD
0.05%$500-6 Month CD

Southwest Communities Federal Credit Union Locations
Branch Office213 Pine StCarnegie, PA 15106-2438

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