312 N Pacific Coast Hwy
Redondo Beach, CA 90277
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.05% →
1-Year CD 0.60% 1.05% →
2-Year CD 0.75% 1.11% →
5-Year CD 1.15% 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Credit Union Information

South Bay is located in Redondo Beach, Ca. It was founded in 1953 and has approximately $113.82 millions in assets.

NCUA Insured No
Charter Number # # 95052
Date Established 1953
Assets $113.82 million
Loans $88.44 million
Deposits $100.90 million
Capital $12.69 million

Field of Membership Restrictions

Membership in South Bay Credit Union is open to those who live, work, worship or attend school in the South Bay area of California: Carson, Culver City, Gardena, El Segundo, Hawthorne, Harbor City, Manhattan Beach, Marina Del Rey, Palos Verdes Peninsula, Playa Del Rey, Playa Vista, Hermosa Beach, Rancho Palos Verdes, Redondo Beach, Inglewood, San Pedro, Lawndale, Torrance, Lomita, Los Angeles (zip codes 90045,90056, 90066), Venice, Wilmington.

Deposit Rates - August 8, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
0.05% $2,500 $4,999 Learn More
Money Market
0.15% $2,500 $2,999 Learn More
Money Market
0.20% $10,000 $14,999 Learn More
Money Market
0.20% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
3 Mo CD
0.25% $10,000 $14,999 Learn More
3 Mo CD
0.25% $100,000 $199,999 Learn More
6 Mo CD
0.40% $10,000 $14,999 Learn More
6 Mo CD
0.40% $100,000 $199,999 Learn More
12 Mo CD
0.60% $10,000 $14,999 Learn More
12 Mo CD
0.60% $100,000 $199,999 Learn More
24 Mo CD
0.75% $10,000 $14,999 Learn More
24 Mo CD
0.75% $100,000 $199,999 Learn More
36 Mo CD
0.90% $10,000 $14,999 Learn More
36 Mo CD
0.90% $100,000 $199,999 Learn More
48 Mo CD
1.00% $10,000 $14,999 Learn More
48 Mo CD
1.00% $100,000 $199,999 Learn More
60 Mo CD
1.15% $10,000 $14,999 Learn More
60 Mo CD
1.15% $100,000 $199,999 Learn More
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $2,500 $3,499 Learn MoreShow Less

Loan Rates - August 8, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for SOUTH BAY

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

Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Learn More
NMLS ID: 2890
License#: 13256
2.914% 2.875% 0.50 $1,250 $1,038 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info

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Below are South Bay 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:

South Bay Locations

Financial Details

South Bay Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of South Bay. 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
South Bay U.S. Average
6.43% 6.71

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 March 30, 2020, South Bay had $863,059 in non-current loans and $9,475 in owned assets. To cover these potential losses it had $12,690,108 in net worth and $869,662 in loans loss reserves. That gives it a Texas Ratio of 6.43%.

Net Worth
South Bay U.S. Average
11.14% 13.61%

South Bay FCU has a net worth of 11.14% versus the BestCashCow average of 13.61. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About South Bay

Branches and Savings

What is South Bay?

A federal credit union, registered with the NCUA under certificate #95052.
Learn more about credit unions here.

Is South Bay FDIC insured?

No, South Bay credit union is not insured by the FDIC because it is not a bank. Because it is state chartered and not federally chartered, it is also not insured by the NCUA. Deposits may or may not be insured by private deposit insurance and you should check with the state chartering organization to confirm whether and to what level your deposits are required to be protected.

Who can join South Bay?

Please see Field of Membership information above for information on who is eligible to join.

What are South Bay's share account and share certificate rates?

South Bay's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is South Bay?

South Bay has total capital of $12.69 million. Full information on South Bay's financial position is located above.

Who owns South Bay?

Credit Unions are owned by their members.

Where are South Bay branches located?

See branch locations nearby.

Are South Bay ATMs Open 24/7?

Do South Bay ATMs accept cash deposits?

Can South Bay customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does South Bay have a mobile app?

Does South Bay have mobile deposit?

Does South Bay have quick pay?

How can South Bay transfer money to other banks or credit unions?

Does South Bay report to credit bureaus?

Does South Bay use Chexsystems?

Does South Bay use Equifax?

What is South Bay's toll free phone number?

What is South Bay's ACH Routing Number?

What is South Bay's SWIFT code?

Where can I find South Bay's wire transfer form?

What is the South Bay address for deposits?

What Products Does South Bay Offer

Does South Bay offer mortgages?

Compare mortgage rates here.

Does South Bay offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does South Bay offer auto and RV loans?

Compare auto loan rates here.

Does South Bay offer student loans or personal loans?

Compare personal loan rates here.

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