Southcoast Credit Union New Bedford MA | Top Auto Loans & Business Banking

Introduction

At Southcoast, located at 271 Union St, New Bedford, MA 02740, we are more than just a financial institution; we are a trusted partner in your journey towards achieving your financial goals. Established in 1976, our credit union has grown into a vital part of the community, serving over 4,468 members with dedication and care. With total assets reaching an impressive $61,939,962 and total deposits of $3,369,481, we prioritize the financial wellbeing of our members above all. Under the leadership of CEO Duarte Silva and Board President Robert Fernandes, Southcoast is committed to providing personalized service and innovative financial solutions tailored to meet the unique needs of our community. Our dedicated team of 19 employees works hard to ensure that every member feels valued and supported. While you can visit us at our branch for a wide range of services including personal banking, auto loans, mortgage options, and business banking official correspondence should be sent to the same address as our branch location. We invite you to explore how Southcoast can help you navigate your financial journey. Whether you're looking for assistance with loans or simply want to manage your accounts more effectively through our online banking services, we're here for you. Feel free to call us at 508-997-4475 or visit our website at southcoastcu.org for more information. Join us today and experience the difference that community-focused banking can make!

Branch History & Mission

Community Commitment

Beyond providing excellent financial services, Southcoast actively participates in community outreach efforts. We partner with local organizations and initiatives that aim to uplift residents and improve quality of life in New Bedford. This commitment not only strengthens our ties within the community but also enriches the lives of those we serve. As we look ahead to the future, we invite you to join Southcoast Credit Union. Experience firsthand how we can help you achieve your financial goals while being part of a supportive community dedicated to your success. Whether you're looking for a new account or seeking advice on loans or investments, we're here for you every step of the way. Call us today at (508) 997-4475 or visit our website at Southcoast Credit Union to learn more about becoming a member!

Our Mission

The mission of Southcoast is clear: we strive to empower our members by offering personalized financial services that promote their well-being and success. We understand that banking goes beyond transactions; it's about building relationships and supporting our community's growth. Our offerings include personal banking options like checking and savings accounts, auto loans and vehicle financing, mortgage loans and refinancing, as well as credit cards with rewards. Additionally, we provide business banking services such as merchant services and business loans. We also believe in making banking convenient for everyone. With ATM availability on-site and drive-thru banking services for quick transactions, we ensure that your banking experience is hassle-free. Moreover, our commitment to digital advancements means you can access online and mobile banking whenever you need it.

Branch Location & Accessibility

Accessibility Features

At Southcoast, we prioritize your comfort and convenience. Our branch features ADA-compliant accessibility options, including ramps and designated parking spaces for individuals with disabilities. Whether you are visiting us in person or using our drive-thru service, we strive to make banking as easy as possible for everyone.

Get in Touch!

Ready to experience exceptional banking? Feel free to give us a call at (508) 997-4475 or stop by during our operating hours. We look forward to helping you achieve your financial goals right here at Southcoast!

Operating Hours

We understand that life can be busy, which is why we offer flexible operating hours to fit your schedule. Our lobby is open Monday through Wednesday from 7:30 AM to 4:30 PM, Thursday from 7:00 AM to 6:00 PM, Friday from 7:00 AM to 5:30 PM, and Saturday from 9:00 AM to 12:00 PM. Whether you're stopping in for a quick transaction or need assistance with your account, we're here when you need us.

Services Offered

Southcoast provides a wide array of services tailored to meet your financial needs. From personal banking options like checking and savings accounts to auto loans and mortgage refinancing, we've got you covered. Our drive-thru service allows for easy deposits and withdrawals without leaving your vehicle. Plus, with ATM availability on-site, accessing your cash is quick and hassle-free. While members can visit us at 271 Union St New Bedford Ma 02740, official correspondence should be sent to 271 Union St, New Bedford, MA 2740 if it differs from our branch address.

Member Eligibility

At Southcoast, we believe that joining our credit union is like becoming part of a close-knit family where everyone supports one another. Becoming a member is simple and welcoming! If you live, work, or attend school in the area around 271 Union St New Bedford Ma 02740, you may be eligible to join us. We welcome individuals from all walks of life, so whether you're looking for personal banking solutions or business services, there's a place for you here. To learn more about the specific eligibility criteria, feel free to visit our website at https://southcoastcu.org/online-applications/ . Once you're ready to become part of our community, opening an account is straightforward just head over to https://southcoastcu.org/online-applications/ for all the details on how to get started. If you have any questions, don't hesitate to reach out to us at (508) 997-4475. We're excited to help you embark on your financial journey with us!

Business Banking & Commercial Services

Business Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We also support the broader business community with $2 in non-member commercial loans, providing flexible financing solutions. Imagine walking into your dream office space or investing in new equipment that can take your operations to the next level. With our tailored loan options, we aim to turn those dreams into reality for every local business.

Merchant Services

In today's fast-paced market, having reliable merchant services can set your business apart. Our solutions help you accept payments easily and securely, allowing you to focus on what you do best running your business. From point-of-sale systems to online payment options, we ensure that you have the tools necessary to thrive. Join us at Southcoast, located at 271 Union St New Bedford Ma 02740, New Bedford, MA 02740, and discover how we can partner with you on your path to success. For more information, feel free to call us at (508) 997-4475.

Comprehensive List Of Services

Banking at Your Fingertips

In today's fast-paced world, convenience matters. That's why we've invested in robust online and mobile banking features that allow you to manage your accounts anytime, anywhere. Pay bills, transfer funds, and check balances with just a few taps on your smartphone or computer. Plus, with our ATM and cash withdrawal services available at numerous locations, accessing your money has never been easier.

Business Banking Services

For small business owners, we provide business banking solutions including merchant services and business loans. We recognize how crucial it is to have access to the right financial tools when managing your business operations. Our team is ready to support your entrepreneurial journey.

Drive-Thru Convenience

If you're on the go but need to handle quick transactions like deposits or withdrawals, take advantage of our basic drive-thru banking services. It's perfect for those busy days when every minute counts. At Southcoast, we are committed to making your financial experience as smooth as possible. If you're ready to explore all these services further or have any questions about how we can assist you on your financial journey, please don't hesitate to reach out! Give us a call at (508) 997-4475, or visit us at 271 Union St New Bedford Ma 02740 today!

Home Financing Solutions

When it comes to home ownership, we understand that finding the right mortgage can feel overwhelming. That's why Southcoast offers mortgage loans and refinancing options tailored to meet your specific needs. Our friendly experts will walk you through each step of the application process, helping you understand all available options so you can make an informed decision.

Personal Banking Made Easy

Our personal banking options include checking and savings accounts designed to help you manage your finances effectively. Imagine having a reliable place to save for emergencies or future goals while enjoying easy access to your funds. We also offer auto loans and vehicle financing, making it easier for you to get behind the wheel of a new car. With competitive rates and flexible terms, our team is here to guide you through the process, ensuring you find the best fit for your budget.

Support for Your Financial Goals

In addition to personal loans and debt consolidation services, our credit cards with rewards let you earn while you spend. Use them for everyday purchases or special occasions, and enjoy the perks that come with being a member of Southcoast.

Digital & Online Banking

Key Features

Our members can enjoy e-statements, which provide a secure and environmentally friendly way to keep track of their transactions without the clutter of paper statements. If you're on the go, our mobile application allows you to manage your account directly from your smartphone. You can also make mobile payments, so whether you're buying groceries or treating yourself to a night out, paying is quick and easy. Need to send money to friends or family? Our person-to-person transfer feature makes it simple and fast to share funds with just a few taps on your device. And for those who prefer a more personal touch, we offer electronic signature authorization, allowing you to sign documents securely online no need for in-person visits. At Southcoast, we prioritize your security. We ensure that all transactions are protected with advanced security measures, so you can bank with confidence knowing that your information is safe. Embrace the ease of digital banking with us today! Whether it's checking balances or managing payments, we're here to support you every step of the way. Visit http://www.southcoastcu.org for more information about our digital banking services!

Financial Strength

Commitment to Growth

With $6,581,278 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our commitment to growth is reflected in our lending capacity; we currently have $281 in used auto loans and $34,817,126 in total loans and leases available to support our members' financial goals across various sectors.

Member Trust

With a total of 9,359 share accounts, our growing member base trusts us with their finances. Our net shares stand at $0, reflecting the funds available for lending and investments, which further underscores our commitment to enhancing member services. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Southcoast is your trusted partner. Visit us at 271 Union St New Bedford Ma 02740 or call (508) 997-4475 to learn more about how we can help you achieve your financial goals. *Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results.*

Operational Efficiency

Our operational efficiency is highlighted by a net income of $0, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 16 full-time employees and 3 part-time employees ready to serve you with knowledge and dedication.

Secure Savings Options

Members' savings are secured through $1,821,298 in share certificates and $5,648,197 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $2,159,243, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Strong Financial Health

With a net worth of $7,949,812, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,283 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Loan Offering

Additional Services

For those who may need extra funds for personal projects or unexpected expenses, our personal loans are designed to provide quick access to cash without the burden of high-interest rates. Additionally, business owners can benefit from our commercial loan offerings, which provide essential capital for growth and expansion. At Southcoast, we prioritize providing transparent information about each product so that you can make informed decisions. If you're interested in learning more about refinancing options or eligibility requirements, please don't hesitate to reach out. Our dedicated staff at Southcoast, located at 271 Union St New Bedford Ma 02740, New Bedford, MA New Bedford, is ready to help you explore the best financing solutions tailored for you. You can call us at (508) 997-4475 or visit our website at http://www.southcoastcu.org for more details. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results.

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $3,787,261 in used vehicle loans and $960,792 in new vehicle loans already helping members get on the road. We provide flexible terms and competitive interest rates to help you drive away with confidence. Whether it's a brand-new model or a reliable used car, our team is here to assist you every step of the way.

Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $549,396 in loans helping members manage their finances effectively. Our credit cards come with rewards programs that allow you to earn while you spend, making it easier for you to manage your day-to-day purchases.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $11,350,464, make buying or refinancing simple. We offer various mortgage products tailored to fit your budget and lifestyle. Plus, if you're looking to refinance your existing mortgage, we have options that can save you money and lower your monthly payments.

Loan Aggregator

Accurate Loan Comparisons

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Benefits of Using LendMesh

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SOUTHCOAST FEDERAL CREDIT UNION