Southcoast Federal Credit Union

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A short history of Southcoast FCU

Since its inception in 1976 the Southcoast Federal Credit Union has been serving its members in the NEW BEDFORD, Massachusetts area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Duarte Silva, the Southcoast FCU has grown its membership to over 4,822 with assets of more than $49,988,013. They have a main office and 5 branch offices. Please see the credit unions website or contact them by phone at (508) 997-4475 or email them at none to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in NEW BEDFORD, MA.

General Information For Southcoast FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 22426
Address 101 PAGE ST 
State Massachusetts 
Zip-Code 02740
Phone Number (508) 997-4475
Fax Number (508) 961-5297
Email Address: none
CEO/President Duarte Silva
Members 4,822 
Full-Time Employees 10 
Part-Time Employees
Number of Branch Offices
Total Assets 49,988,013 

Compare Southcoast Federal Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
New Bedford CU New Bedford Credit Union 120 Dawson St 02745 (508) 998-9115 No 0.89
St. Anne CU St Anne Credit Union 93 Union St 02740 (508) 993-0011 No 0.90
St. Anthony Of New Bedford CU St. Anthony of New Bedford FCU 1743 Acushnet Ave 02746 (508) 996-5492 No 2.58
Southern Mass CU Southern Mass Credit Union Main Office 123 Alden Rd 02719 (508) 994-9971 No 2.91
First Citizens' CU FALMOUTH 352 MAIN ST 02540 (508) 540-8444 No 3.37

Southcoast Federal Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Southcoast Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 1.00 2.50 2.50 4.13 3.99
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 1 84 52 160 99
Rank Among All Massachusetts Credit Unions 1 26 8 40 18

Southcoast Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.05 0.10 0.20 1.00 1.00
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 125 129 114 174 158
Rank Among All Massachusetts Credit Unions 10 19 25 30 25
Southcoast Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 1.000628852,610
All Other Unsecured Loans/Lines of Credit 9.6303651,079,809
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.500951,363,717
Used Vehicle Loans 2.5003102,992,613
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.13012713,508,990
Total Other Real Estate Loans/Lines of Credit 3.9901184,417,537
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 3.250251,531,171
TOTAL LOANS & LEASES 1,66825,746,447

Southcoast Federal Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 405,745,6563839,685
    b. 15 Years or less 666,096,529131,899,718
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 211,666,805252,536
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 772,297,08322998,576
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 412,120,4542166,225
Open-End Fixed Rate 0000
TOTALS 24517,926,527423,956,740


Interest Only & Payment Option 1st Mortgage Loans 211,666,8050
Interest Only & Payment Option Other RE/LOC Loans 412,120,4540
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Southcoast Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit No
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes