Sep, 30, 2025 — SOUTHERN FEDERAL CREDIT UNION is a federal credit union headquartered in HOUSTON, TX with 1 branch location and about $77.32 million in total assets. Opened 72 years ago in 1954, SOUTHERN FEDERAL CREDIT UNION has about 3,695 members and employs 10 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 FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1414 Enclave Pkwy Ste 250 HOUSTON, TX 77077-2023 |
| Phone: | (713) 232-7774 |
| Fax: | (713) 232-7122 |
| Website: | https://www.southernfederalcu.org |
| Branches: | 1 branch locations |
| Members: | 3,695 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9214 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $77,320,768 |
| CEO/Manager: | Shalonda Dawkins |
| Chairperson: | Joe M Adams |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,815,989 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 4,709,533 |
| Other Loans | 29,097,440 |
| TOTAL LOANS | 33,806,973 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -962,008 |
| Land And Building | 0 |
| Other Fixed Assets | 188,978 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 383,094 |
| All Other Assets | 32,504 |
| TOTAL ASSETS | 77,320,768 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -16,854 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,122,790 |
| Regular shares | 21,658,366 |
| All Other Shares & Deposits | 16,898,592 |
| TOTAL SHARES & DEPOSITS | 43,679,748 |
| TOTAL LIABILITIES | 43,662,894 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 33,657,874 |
| TOTAL EQUITY | 33,657,874 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 77,320,768 |
| INCOME & EXPENSE | |
| Loan Income | 1,569,511 |
| Investment Income | 1,198,675 |
| Other Income | 122,217 |
| Total Employee Compensation & Benefits | 849,773 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 935,854 |
| Non-operating Income & (Expense) | -1 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 80,000 |
| Cost of Funds | 972,057 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 157,578 |
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