Charter 22426 · New Bedford, MA
Southcoast Federal Credit Union
Southcoast Federal Credit Union is a federally chartered credit union in New Bedford, Massachusetts, with $59.0 million in assets and 4,298 members as of June 30, 2026, according to the call report it filed with NCUA. Its net worth ratio was 12.40%, well above the 7% that NCUA's rules treat as well capitalized.
- Total assets
- $59.0 million
- -1.7% in a year
- Members
- 4,298
- -2.4% in a year
- Net worth ratio
- 12.40%
- Peer median 12.95%
- Loans 60+ days late
- 0.27%
- Peer median 0.67%
- Loans outstanding
- $36.6 million
- -3.4% in a year
- Shares and deposits
- $48.0 million
- -0.1% in a year
- Branches
- 6
- 19 employees
- Opened
- 1976
- Federal charter
How Southcoast Federal Credit Union compares
NCUA groups credit unions by size; Southcoast Federal Credit Union is in the group with $50 million to $100 million (573 credit unions). Its net worth ratio of 12.40% is lower than that group's median of 12.95%, and its share of loans 60 or more days past due, 0.27%, is lower than the group median of 0.67%. Loans fell 3.4% over the year to Q2 2026, against a group median of a 0.2% fall.
By assets it ranks 65 of 121 credit unions headquartered in Massachusetts. See all Massachusetts credit unions.
Five quarters of figures
| Quarter | Assets | Members | Loans | Net worth ratio | 60+ days late |
|---|---|---|---|---|---|
| Q2 2026 | $59.0 million | 4,298 | $36.6 million | 12.40% | 0.27% |
| Q1 2026 | $60.3 million | 4,315 | $37.1 million | 12.03% | 0.42% |
| Q4 2025 | $60.0 million | 4,337 | $38.2 million | 11.94% | 0.31% |
| Q3 2025 | $58.6 million | 4,378 | $38.3 million | 13.92% | 0.34% |
| Q2 2025 | $60.0 million | 4,403 | $37.9 million | 13.45% | 0.53% |
Assets Members
Who can join
The field of membership is the group a credit union is allowed to serve: people who live or work in an area, employees of certain companies, members of an association, and their families. The credit union's own website has the exact rules. On its call report it estimates its field of membership at about 12,000 potential members. It holds NCUA's low-income designation, which lets it accept non-member deposits and raise secondary capital.
Credit unions that anyone in the US can join
Locations
NCUA's branch file lists 6 sites for Southcoast Federal Credit Union. The branch count in the figures above comes from its call report, which is filed separately, so the two can differ slightly.
- St Luke's Hospital
101 Page St, New Bedford, MA 02740 - Charlton Memorial Hospital
363 Highland Ave, Fall River, MA 02720 - Tobey Hospital
43 High St, Wareham, MA 02571 - ATT Site
200 Mill Rd, Fairhaven, MA 02719 - Union St (main office)
271 Union St, New Bedford, MA 02740 - Acushnet Ave
1743 Acushnet Ave, New Bedford, MA 02746
About these numbers
Figures come from the NCUA 5300 Call Report quarterly data for Q2 2026 (quarter ended June 30, 2026), which each credit union files itself. "60+ days late" is delinquent loans of two months or more divided by total loans. Peer medians are computed across every credit union in the same NCUA asset-size group. NCUA call report data · Methodology