SOUTHCOAST Credit Union Profile

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SOUTHCOAST

Charter #22426 | NCUA Region 1 | FCU
Low-Income Designation: Yes
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (508) 997-4475

Fax:

Founding Date: N/A

Website: http://www.southcoastcu.org

Personnel & Operations

President: Fernandes, Robert

Manager: Silva, Duarte

FT Employees: 16

PT Employees: 6

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 51

Branches: 6

Hours: Monday through Wednesday 7:30 AM to 4:30 PM

Credit Union Profile Summary

SOUTHCOAST is a FCU Credit Union. With a total of 4,403 members [1], this institution manages approximately $59,999,187 in total assets [1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 13.45% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at 9.32% [1].

Financial Snapshot

Total Assets [1]
$59,999,187

Total economic resources.

Total Loans [1]
$37,900,266

Total value of outstanding loans.

Total Deposits [1]
$48,018,491

Total funds deposited by members.

Members [1]
4,403

Number of active members.

Performance Ratios

Net Worth Ratio [1]
13.45%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
0.33%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
78.93%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
↓ -9.21%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
↑ 9.32%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
↓ -2.46%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

271 Union St

New Bedford, MA, 02740
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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

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Branch Locations

Found 5 branches reported by SOUTHCOAST (Charter #22426).

Main Office

Union St Main Office

Type: Corporate Office

271 Union St

New Bedford, MA 02740

Phone: (508) 997-4475

Services: Member Services, ATM, Drive-Thru

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Additional Branches

Fairhaven

ATT Site

Type: Branch Office

200 Mill Rd

Fairhaven, MA 02719

Phone: (508) 910-3988

Services: Member Services

Open in Directions

Fall River

Charlton Memorial Hospital

Type: Branch Office

363 Highland Ave

Fall River, MA 02720

Phone: (508) 679-7046

Services: Member Services, ATM

Open in Directions

New Bedford

St Luke's Hospital

Type: Branch Office

101 Page St

New Bedford, MA 02740

Phone: (508) 997-4475

Services: Member Services, ATM

Open in Directions

Wareham

Tobey Hospital

Type: Branch Office

43 High St

Wareham, MA 02571

Phone: (508) 273-4334

Services: Member Services, ATM

Open in Directions