Southwest Financial Federal Credit Union
Overview / Commentary
Southwest Financial Federal Credit Union is headquartered in Farmers Branch and is the 163rd largest credit union in the state of Texas. It is also the 2,058th largest credit union in the nation. It was established in 1962 and as of December of 2022, it had grown to 28 employees and 9,160 members at 1 location. Southwest Financial Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership is open to employees of Kroger or other select area companies.
See current membership details
Health
B+
Data as of Q4 2022
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 Financial Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 15327 |
| Year Chartered | 1962 |
| Employees | 28 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.58% |
| Return on Equity - YTD | 3.65% |
| Annual Interest Income | $4.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2022vs Q4 2021 | $80.1MM$74.3MM |
| Loans | Q4 2022vs Q4 2021 | $64.1MM$58.5MM |
| Deposits | Q4 2022vs Q4 2021 | $65.9MM$60.8MM |
| Equity Capital | Q4 2022vs Q4 2021 | $12.9MM$12.5MM |
| Loan Loss Allowance | Q4 2022vs Q4 2021 | $2.5MM$2.1MM |
| Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $691.00K$658.00K |
| Real Estate Owned | Q4 2022vs Q4 2021 | $0$0 |