Credit union · NCUA insured
Southcoast Credit Union
A $60.3M credit union headquartered in New Bedford, MA, with 4,315 members and 6 branches in Massachusetts. Best rates: CDs 3.82% and savings 0.10% APY.
Southcoast Credit Union Carrot Score
79
Carrot Score
Higher than 49% of U.S. banks and credit unions
#22 of 44 in Providence, RI-MA metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Southcoast Credit Union
Founded in 1976, Southcoast Federal Credit Union is a member-owned not-for-profit cooperative formed to help encourage wise savings.
Headquartered in New Bedford, Massachusetts, the credit union operates locations in Fairhaven, Fall River, New Bedford, and Wareham.
- Headquarters
- 271 Union St, New Bedford, MA 02740
- NCUA charter
- 22426
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Employers and groups
- Eligible to join if you are a voting member of the Community Economic Development Center (CEDC) of Southeastern Massachusetts.
- Eligible to join if you are an employee of the hospital.
- Eligible to join if you are a volunteer of the hospital.
- Eligible to join if you are a medical staff member of the hospital or an employee of a medical staff member.
Family and household
- Eligible to join if you are an immediate family member of a current Southcoast FCU member.
Cost to join
- Membership is established by opening a Regular Savings Account with a $25 balance.
Branches
6 branches in Massachusetts
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Massachusetts
6 branches
Providence area · 5
- Union StMain office271 Union St, New Bedford, MA 02740Directions
- ATT Site200 Mill Rd, Fairhaven, MA 02719Directions
- Charlton Memorial Hospital363 Highland Ave, Fall River, MA 02720Directions
- Acushnet Ave1743 Acushnet Ave, New Bedford, MA 02746Directions
- St Luke's Hospital101 Page St, New Bedford, MA 02740Directions
Boston area · 1
- Tobey Hospital43 High St, Wareham, MA 02571Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 12.40% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 0.27% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 0.50% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $76 | $59 | — |
- CapitalNet worth ratio12.40%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late0.27%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets0.50%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$76Peers’ middle $59
Compared with the 2,478 credit unions with under $100 million in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Southcoast Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.