Southcoast Federal Credit Union
Southcoast Federal Credit Union is a federally chartered, member-owned cooperative founded in 1976, serving hospital employees, medical staff, volunteers, and CEDC members across southeastern Massachusetts through a six-branch network offering retail banking, consumer lending, and mortgage products.
- Company typePrivate
- Founded1976
- HeadquartersNew Bedford, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
What Southcoast Federal Credit Union does
Southcoast Federal Credit Union is a federally chartered, member-owned not-for-profit cooperative financial institution founded in 1976 and headquartered in New Bedford, Massachusetts. It serves hospital employees, medical staff, volunteers, and their families, as well as members of the CEDC (a community/employment development corporation) within southeastern Massachusetts. The institution operates a six-branch regional network spanning New Bedford (multiple locations including the Union Street flagship), Fairhaven, Fall River, and Wareham, deliberately concentrating on the South Coast region of Massachusetts.
The credit union's product portfolio covers core retail banking — savings, checking, debit cards, club accounts, and safe deposit boxes — alongside consumer lending (auto loans, personal loans, mortgages, home equity loans, and Mass Save HEAT loans) and a VISA credit card franchise. Operational infrastructure includes online banking, social-media presence on Facebook and Instagram, and a partnership with the Allpoint Network that extends surcharge-free ATM access to more than 55,000 locations nationally. Active promotional offerings include a Spring Loan Special, a Visa Balance Transfer Promotion, and a CD Special, indicating concurrent loan-origination and deposit-gathering campaigns.
As a not-for-profit cooperative, the institution's revenue model is built on net interest income, the spread between loan yields and deposit costs, supplemented by interchange and fee income from cards, deposit services, and safe deposit boxes. Federally regulated under the NCUA, the credit union is member-owned, and earnings are returned to members through improved rates, reduced fees, or reinvestment in services and branches rather than distributed as profits. Distribution relies on a physical branch network complemented by digital channels (website and social media) and the Allpoint ATM network, with no commercial or business banking segment disclosed.
Southcoast Federal Credit Union firmographics
Firmographics- Name
- Southcoast Federal Credit Union
- Legal name
- Southcoast Federal Credit Union
- Website
- https://southcoastcu.org
- Company type
- Private
- Founded year
- 1976
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Southcoast Federal Credit Union is a federally chartered, member-owned cooperative founded in 1976, serving hospital employees, medical staff, volunteers, and CEDC members across southeastern Massachusetts through a six-branch network offering retail banking, consumer lending, and mortgage products.
- Ownership category
- akta.pro rank
Southcoast Federal Credit Union industry classification
Industry- Product category
- Retail Banking
- NAICS
- Credit Unions (522130)
- SIC
- Savings Institution, Federally Chartered (6035)
- akta.pro industry
- Employer/Occupational Credit UnionsFinancial & Insurance/Banking (Commerical, Retail & Consumer)/Community & Cooperative Banking (Credit Unions, Mutuals)Community Credit Unions (Retail/Consumer Focus)Financial & Insurance/Banking (Commerical, Retail & Consumer)/Community & Cooperative Banking (Credit Unions, Mutuals)Credit Cards & Revolving Credit
Keywords
Where Southcoast Federal Credit Union is headquartered
LocationHeadquarters
- HQ city
- New Bedford
- HQ country
- United States
- HQ region
- North America
Offices6 records
Markets served
Southcoast Federal Credit Union business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Pay-as-you-go | Spring Loan Special - Up to $3,500 at 3.50% APR for 11 months |
| One time/ perpetual license | Pay-as-you-go | Visa Balance Transfer Promo at 6.99% |
| Subscription | Annual | CD Special - 1 Year Term at 3.75% APY |
Distribution channels3 records
Marketing channels3 records
Southcoast Federal Credit Union product offering
Product offeringCore offering
Southcoast Federal Credit Union is a not-for-profit, member-owned cooperative credit union providing retail banking services including savings and checking accounts, debit cards, auto loans, personal loans, mortgages, home equity loans, VISA credit cards, and safe deposit boxes. It serves eligible members including hospital employees, medical staff, volunteers, their families, and Community Economic Development Center (CEDC) members across southeastern Massachusetts through six branch locations, online banking, and the Allpoint surcharge-free ATM network.
Product overview
Southcoast Federal Credit Union offers a comprehensive suite of banking and financial products designed for its members. The core offerings include savings and checking accounts, various loan products (auto loans, mortgages, home equity, personal loans, VISA credit cards), and essential services like online banking, debit cards, and safe deposit boxes. The credit union also provides seasonal promotional products including special loan rates and CD offerings. Members can access services through multiple delivery channels including branch locations, online banking, and an extensive surcharge-free Allpoint ATM network. The institution serves eligible members including hospital employees, medical staff, volunteers, and their families, as well as Community Economic Development Center members in Southeastern Massachusetts.
Differentiator
Problem solved
Functional benefit
Products and services
- Savings Accounts Deposit accounts allowing members to save funds and earn competitive interest rates. Membership is established through a minimum $25 savings balance, giving members lifetime access to credit union products and services.
- Checking Accounts Transactional banking accounts providing members with access to funds, debit card usage, and check-writing capabilities.
- Debit Cards
Companies that use Southcoast Federal Credit Union
Customer profileSegments5 records
Ideal customer profiles1 record
Southcoast Federal Credit Union technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Southcoast Federal Credit Union partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Allpoint NetworkcorePartnership providing surcharge-free ATM access to members through America's largest surcharge-free ATM network with over 55,000 ATMs worldwide including retail locations at 7-Eleven, Target, and Costco.
Scale indicators2 records
Recent moves5 records
Expansion highlights3 records
Southcoast Federal Credit Union competitors and assessment
Company assessmentBroad incumbents
- Eastern Bank: Major Massachusetts-headquartered community bank with a statewide branch network and full-service consumer banking franchise; represents the larger regional incumbent constraining Southcoast FCU's growth ceiling.
- Rockland Trust (Independent Bank Corp.): Eastern Massachusetts community bank with broad retail deposit and consumer lending offerings; a larger incumbent competing for the same southeastern MA households.
- Digital Federal Credit Union (DCU): One of the largest credit unions in Massachusetts, offering the full suite of consumer and mortgage products; represents the larger-MA-CU incumbent that small community CUs must compete against for member mindshare.
Direct peers
- BayCoast Bank: Community-oriented bank headquartered in southeastern Massachusetts with a similar regional footprint to Southcoast FCU; competes for the same household deposit and consumer-lending relationships across Bristol County.
- Greylock Federal Credit Union: Massachusetts community credit union with a comparable size, geographic focus, and full-service consumer banking product set; relevant benchmark for community FCU operating model.
- Bristol County Savings Bank: Mutual savings bank in Taunton, MA serving southeastern Massachusetts and Rhode Island; directly comparable as a community-rooted depository institution competing for the same South Coast member households.
- Metro Credit Union: Massachusetts-based community credit union with a similar member-owned value proposition and broad consumer banking product set; comparable scale and operating model to Southcoast FCU.
- Hanscom Federal Credit Union: Federally chartered credit union tied to an employer/affiliation field of membership; structurally analogous to Southcoast's hospital-employer-anchored eligibility model.
- Workers Credit Union: Massachusetts credit union with an occupational/employer-based field of membership and consumer-focused product suite; directly comparable to Southcoast FCU's employer-tied eligibility model.
- St. Anne's Credit Union: Community credit union serving southeastern Massachusetts communities; competes head-to-head with Southcoast FCU in overlapping Bristol County geographies for retail deposits and consumer loans.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights5 records
Customer concentration
Southcoast Federal Credit Union social profiles
Digital presenceSouthcoast Federal Credit Union financial estimates
Financial estimateRevenue estimate
Valuation estimate
Southcoast Federal Credit Union leadership team
Management profileNumber of profiles
Southcoast Federal Credit Union funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Southcoast Federal Credit Union M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Southcoast Federal Credit Union
What does Southcoast Federal Credit Union do?
Southcoast Federal Credit Union is a not-for-profit, member-owned cooperative credit union providing retail banking services including savings and checking accounts, debit cards, auto loans, personal loans, mortgages, home equity loans, VISA credit cards, and safe deposit boxes. It serves eligible members including hospital employees, medical staff, volunteers, their families, and Community Economic Development Center (CEDC) members across southeastern Massachusetts through six branch locations, online banking, and the Allpoint surcharge-free ATM network.
Is Southcoast Federal Credit Union a public or private company?
Southcoast Federal Credit Union is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Southcoast Federal Credit Union founded?
Southcoast Federal Credit Union was founded in 1976. It employs 1 to 10 people.
Where is Southcoast Federal Credit Union based?
Southcoast Federal Credit Union is headquartered in New Bedford, United States, in the North America region.
Who are Southcoast Federal Credit Union's main competitors?
Broad incumbents on record are Eastern Bank, Rockland Trust (Independent Bank Corp.) and Digital Federal Credit Union (DCU). Direct peers are BayCoast Bank, Greylock Federal Credit Union, Bristol County Savings Bank, Metro Credit Union, Hanscom Federal Credit Union, Workers Credit Union and St. Anne's Credit Union.
Does Southcoast Federal Credit Union have an API?
No public API is recorded for Southcoast Federal Credit Union.
What industry is Southcoast Federal Credit Union in?
Southcoast Federal Credit Union's product category is Retail Banking. Its primary akta.pro industry code is FSABAEAB, Employer/Occupational Credit Unions, with a secondary code of FSABAEAA, Community Credit Unions (Retail/Consumer Focus). Its NAICS code is 522130 and its SIC code is 6035.