Data Source: NCUA, December 31, 2016
Southcoast Federal Credit Union was founded in 1976. Headquartered in New Bedford, Massachusetts, Southcoast Federal Credit Union is a federally chartered and federally insured credit union, operating within the regulation of the National Credit Union Association (NCUA) and being insured through the National Credit Union Share Insurance Fund (NCUSIF). Southcoast Federal Credit Union is also a member of the Federal Home Loan Bank (FHLB), which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.
As of December 31, 2016, Southcoast Federal Credit Union services 4,239 members through its 4 offices and branches and 15 full-time and 5 part-time employees. It has $48,374,539 of total assets and $6,199,928 of net worth. Based on its asset size and net worth ratio, Southcoast Federal Credit Union is classified as a Well Capitalized medium small credit union.
Southcoast Federal Credit Union offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. Southcoast Federal Credit Union also provides an array of services to its members and local communities. To find out more, please go to the Services page.
The following two tables list the deplitory and loan interest rates of Southcoast Federal Credit Union’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in Massachusetts and in the nation.
Major Deplitory Accounts and Interest Rates (%)
Major Loan Accounts and Interest Rates (%)
Southcoast Federal Credit Union prlides a number of ways to access its services. In addition to its office and branches, a member can perform banking through Internet, phones, ATMs, and mobile devices. The table below lists the electronic banking services prlided by Southcoast Federal Credit Union.
Electronic Banking Service Offerings
As a community financial institution, Southcoast Federal Credit Union actively involves in local communities by prliding services such as financial education, financial literacy workshops, and first tim home buyer programs.
Community and other Service Offerings
200 Mill Rd
Fairhaven, MA 02719
Charlton Memorial Hospital
363 Highland Ave
Fall River, MA 02720
St Luke’s Hospital
101 Page St
New Bedford, MA 02740
43 High St
Wareham, MA 02571