Southwest Financial Federal Credit Union

Headquarters

1750 Valley View Lane #110
Farmers Branch, TX 75234
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 5.50% →
1-Year CD 0.65% 4.80% →
2-Year CD 0.70% 4.25% →
5-Year CD N.A. 4.00% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Credit Union Information

Southwest Financial is an NCUA insured institution located in Farmers Branch, TX. It was founded in 1962 and has approximately $83.49 millions in assets.

NCUA Insured Yes / Federally Chartered
Charter Number # # 15327
Date Established 1962
Assets $83.49 million
Loans $71.44 million
Deposits $69.38 million
Capital $12.49 million
 

Field of Membership Restrictions

Membership is open to employees of Kroger or other select area companies.

Deposit Rates - November 4, 2024

Your Current Location: Ohio, OH 43085

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
12 Mo CD
0.50% $10,000 $14,999 Learn More
12 Mo CD
0.65% $100,000 $199,999 Learn More
24 Mo CD
0.55% $10,000 $14,999 Learn More
24 Mo CD
0.70% $100,000 $199,999 Learn More
36 Mo CD
0.60% $10,000 $14,999 Learn More
36 Mo CD
0.75% $100,000 $199,999 Learn More

Loan Rates - November 4, 2024

Your Current Location: Ohio, OH 43085

There are currently no loan rates available for Southwest Financial

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - Ohio 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
PenFed Credit Union
NMLS ID: 401822
6.818% 6.625% 1.00 $6,400 $2,049 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.984% 6.875% 0.88 $3,545 $2,103 Learn More
Rocket Mortgage
NMLS ID: 3030
7.200% 7.125% 0.75 $2,400 $2,156 Learn More
Neighbors Bank
NMLS ID: 491986
Learn More

Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
Intro APR
7.490 %
After Intro: 7.490 %
$0 Learn More
More Info

Note to Southwest Financial
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Branches

Below are Southwest Financial branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Columbus,Ohio


Southwest Financial Locations around zip code 43085


BranchDistance Map View Lobby Hours

Dallas Branch

885.35 A View Lobby Hours

The Woodlands Branch

944.47 B View Lobby Hours


Climate Policy and Initiatives

SOUTHWEST FINANCIAL is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.


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Financial Details

Southwest Financial Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Southwest Financial. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Southwest Financial U.S. Average
8.22% 5.83

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of June 30, 2024, Southwest Financial had $1,235,197 in non-current loans and $0 in owned assets. To cover these potential losses it had $12,494,133 in net worth and $2,540,980 in loans loss reserves. That gives it a Texas Ratio of 8.22%.

Net Worth
Southwest Financial U.S. Average
14.97% 13.93%

Southwest Financial FCU has a net worth of 14.97% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.



Customer Reviews for Southwest Financial

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