About Us

Southern Federal Credit Union was founded in 1954 to serve the employees of Southern Production Company and the offshore company which became Transocean, Inc. From our humble beginnings, we have grown into a multi-million-dollar financial institution providing loans and so much more. 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. Our modern full-service credit union offers online banking, mobile banking, IRAs, online bill pay, e-statements, and many other services. Not only does the credit union serve the financial needs of Transocean employees, our services are available to their family members and retirees.


Southern Federal Credit Union (NMLS 555642) provides mortgage loans in agreement with CU Members Mortgage, a division of Colonial Savings, F.A. NMLS 401285.   |   Privacy Policy