Sep, 30, 2025 — SOUTHERN COASTAL FEDERAL CREDIT UNION is a federal credit union headquartered in BILOXI, MS with 1 branch location and about $13.69 million in total assets. Opened 53 years ago in 1973, SOUTHERN COASTAL FEDERAL CREDIT UNION has about 1,599 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SOUTHERN COASTAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 677 Dr Martin Luther King Jr Blvd BILOXI, MS 39530-3838 |
| Phone: | (228) 432-0284 |
| Fax: | (228) 435-6364 |
| Website: | https://www.socofcu.org |
| Branches: | 1 branch locations |
| Members: | 1,599 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24885 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1973 |
| Last Audited: | Jul 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $13,688,077 |
| CEO/Manager: | Alison B Crawford |
| Chairperson: | Harold Windom |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,877,540 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,376,707 |
| Other Loans | 7,854,999 |
| TOTAL LOANS | 9,231,706 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -58,818 |
| Land And Building | 896,798 |
| Other Fixed Assets | 101,839 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 105,524 |
| All Other Assets | 0 |
| TOTAL ASSETS | 13,688,077 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 20,372 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 80,081 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 786,195 |
| Regular shares | 6,010,519 |
| All Other Shares & Deposits | 4,320,952 |
| TOTAL SHARES & DEPOSITS | 11,117,666 |
| TOTAL LIABILITIES | 11,218,119 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,469,958 |
| TOTAL EQUITY | 2,469,958 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 13,688,077 |
| INCOME & EXPENSE | |
| Loan Income | 546,749 |
| Investment Income | 96,590 |
| Other Income | 97,002 |
| Total Employee Compensation & Benefits | 296,424 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 329,941 |
| Non-operating Income & (Expense) | 460 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 21,103 |
| Cost of Funds | 109,941 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 56,294 |
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