Southwest Airlines Federal Credit Union
Headquarters
Po Box 35708
Dallas, TX 75235
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2024 Overview
General Credit Union Information
Southwest Airlines is an NCUA insured institution located in Dallas, TX. It was founded in 1975 and has approximately $776.39 millions in assets.
Who can join?
Membership Through Your Employer
You may be eligible for membership through your employer. The union currently has over 150 Select Employee Groups (SEG) in its Field of Membership that offer credit union membership eligibility to their employees and members. If you are unsure if you are eligible, you can contact your Human Resources Representative.
Membership Through Your Family
Immediate family and household members are also eligible for membership. This includes spouses, brothers/sisters, parents, grandparents, children, and grandchildren.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 22157 |
| Date Established | 1975 |
| Assets | $776.39 million |
| Loans | $604.63 million |
| Deposits | $633.42 million |
| Capital | $92.01 million |
Field of Membership Restrictions
Membership in Southwest Airlines Federal Credit Union is open to employees of Southwest Airlines or another select employer or for immediate family of those eligible.
Deposit Rates - April 24, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.10% | $2,500 | $4,999 |
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|
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Money Market
|
0.40% | $2,500 | $2,999 |
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|
|
Money Market
|
0.50% | $10,000 | $14,999 |
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|
|
Money Market
|
0.50% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.35% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.45% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.80% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.90% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.80% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.90% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.95% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
1.05% | $100,000 | $199,999 |
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|
| 30 Mo CD
|
0.95% | $10,000 | $14,999 |
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|
| 30 Mo CD
|
1.05% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
1.05% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
1.15% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
1.10% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
1.20% | $100,000 | $199,999 |
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|
Loan Rates - April 24, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Southwest Airlines
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 |
|---|---|---|---|---|---|---|
NMLS ID: 2059741 |
6.894% | 6.750% | 0.88 | $4,746 | $2,076 | Learn More |
NMLS ID: 3030 |
7.463% | 7.375% | 0.88 | $2,800 | $2,211 | Learn More |
NMLS ID: Not a Lender |
Learn More | |||||
NMLS ID: 1907 |
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Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
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More Info |
Note to Southwest Airlines
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It is free to register and add rates.
Branches
Below are Southwest Airlines 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
Climate Policy and Initiatives
SOUTHWEST AIRLINES 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 Airlines Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Southwest Airlines. 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 Airlines | U.S. Average |
|---|---|
| 8.74% | 6.97 |
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 December 31, 2023, Southwest Airlines had $8,079,623 in non-current loans and $201,615 in owned assets. To cover these potential losses it had $92,009,696 in net worth and $2,780,172 in loans loss reserves. That gives it a Texas Ratio of 8.74%.
Net Worth
| Southwest Airlines | U.S. Average |
|---|---|
| 11.84% | 13.62% |
Southwest Airlines FCU has a net worth of 11.84% versus the BestCashCow average of 13.62. 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 Airlines
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