Membership & Benefits
Southern Federal Credit Union is a full-service financial institution offering our members a variety of low-fee or no-fee products and services. As a not-for-profit financial cooperative, “Not for Profit, Not for Charity, But for Service”, members deposit their money with the credit union and in turn that money is loaned to other members.
We offer all the products and services that you need to fit your busy lifestyle.
Not only does the credit union serve the financial needs of Transocean employees, our services are available to family members and retirees. If you're looking for a financial institution that treats you like family, come home to Southern FCU; we are looking out for Your Best Interest!
How to Become a Member
Just complete a membership application and open a Southern FCU Savings Account with an initial required deposit of only $50 to begin enjoying all the benefits of being a credit union member. Once you join SFCU your membership lasts a lifetime. Even if you change jobs, relocate, or retire, your membership is still good at the Credit Union.
Why Join a Credit Union?
Our primary purpose is to satisfy the financial needs of our members. Unlike a bank, a credit union is "member-owned" and operated by all of the individuals that utilize our financial products and services. Therefore, all excess earnings are returned to our members in the form of:
- Lower interest rates on loans
- Higher yield savings and investment accounts
- The addition of valuable new products and services
Once you become a member of Southern Federal Credit Union, you are a MEMBER FOR LIFE! You are always welcome as a member of our credit union family.