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Southern Credit Union

Overview
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Southern Credit Union is a federal credit union based in Houston, Texas. It has been opened since 1954, for 66 years.

With around $89,340,000 in assets, Southern Credit Union is considered to be a large credit union. It has 1 branches and 1 ATM locations.

About
Address P.O. Box 2765
Houston, Texas 77252
Website http://www.southernfederalcu.org
Phone (713) 232-7774
Fax (713) 232-7122
CEO Shalonda Dawkins
President of the Board Joe Adams
Services Offered
Map
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Score Card
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66 years
Years in business
Opened in 1954
Well Capitalized
Net worth classification
Source: NCUA
4,160 members
Membership type: Multiple common bond – primary other manufacturing
Average number of members
416:1
Credit union member to staff ratio
416 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$89,338,401
Total assets
Above average
1 branch
Compared with an average of 4 nationally and 3 in Texas
Average number of branches
1.25%
Savings interest rate
Compared to 0.3% nationally
10.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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1 branch
Compared with an average of 4 nationally and 3 in Texas
Average number of branches
Southern Credit Union Branch Locations

Southern Federal Credit Union
4 Greenway Plz Suite C-816
Houston, Texas 77046
ATM Available
Members
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4,160 members
Membership type: Multiple common bond – primary other manufacturing
Average number of members

With 4,160 members, the Southern Credit Union is considered to be a medium size credit union. It is larger than 53% of credit unions.

Fees
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$45
Average fee per member
The average fee per member at the Southern Credit Union is $45, which is comparable to most credit unions. This rate is lower than 53% of all credit unions.
Fees are average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Southern Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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416:1
Credit union member to staff ratio
416 per each FTE employee
Compared to 411:1 nationally
Fewer staff
10 staff members
FTE (full-time equivalent)
18% of employees are part-time
9 full-time, 2 part-time

Southern Credit Union has 9 full-time staff members and 2 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 82% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Southern Credit Union has around 416 members per staff, a higher ratio compared to other credit unions.

Assets
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$89,338,401
Total assets
Above average
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
32.8%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$13,763
Average loan and lease size
Loan & lease sizes are bigger than average. They are bigger than at 75% of credit unions.

Southern Credit Union holds a total of $54,420,000 in loans and leases, which is about $13,763 per member on average.

Savings interest rate
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1.25%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Southern Credit Union pays 1.25%.

Loan rates
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10.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
11.50%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
6.50%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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5.25%
New car loan rate
Compared to 4.0% nationally
6.25%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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6.50%
Other real estate loan rates
Compared to 0.9% nationally
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Net Worth Classification
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Average Fee
Credit Card Loan Interest Rate
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