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SOUTHERNMOST

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SOUTHERNMOST Rates & Review March 2026

Q: How many branches does SOUTHERNMOST operate?

SOUTHERNMOST currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Q: Is a member application needed to join SOUTHERNMOST?

Yes, to access services at SOUTHERNMOST, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Q: Is there a first-time homebuyer program?

Currently, SOUTHERNMOST does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, SOUTHERNMOST provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated: March 24, 2026

You can compare SOUTHERNMOST rates to other rates in our database, including 12-month share certificate rates currently at 3.60%, 6-month share certificate rates at 1.90% and 3-month share certificate rates at 0.24%. Savings rates are at 0.05% and money market rates are at 1.21%. Mortgage rates on 30-year fixed loans are around 6.20%. All these rates can be compared to SOUTHERNMOST rates. MonitorBankRates evaluates the financial stability of SOUTHERNMOST with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 1.20%. Rates were last updated on 03/24/2026.

SOUTHERNMOST money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at SOUTHERNMOST? Share your experience about SOUTHERNMOST by leaving a review below, or read customer reviews before you decide to use SOUTHERNMOST.

Overall Health & Safety Grade

A+

Exceptional Health Score: 99/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

1.20%

Excellent Lower than avg

WIB West Iowa Bank
Southernmost Federal Credit Union

1004 Kennedy Dr
Key West, FL 33040 4019

http://www.smfcu.net

SOUTHERNMOST Savings Rates

Product	Rate	APY
CHRISTMAS CLUB ACCOUNT	-	0.05%
Min Balance $100 Last Updated 03/24/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 0.45%
VACATION CLUB ACCOUNT	-	0.05%
Min Balance $100 Last Updated 03/24/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 0.45%

SOUTHERNMOST Checking Rates

Product	Rate	APY	View More
SHARE DRAFT (CHECKING) ACCOUNT	-	0.05%
Min Balance $250 Last Updated 03/24/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 0.45%

SOUTHERNMOST Credit Card Rates

Product	Rate	APR	View More
VISA Credit Card	-	15.90%
No additional details. Last Updated 03/24/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 0.45%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution's data from MonitorBankRates.com, please contact us here.

Methodology & Data Sources

MonitorBankRates Star Rating

Our rating for SOUTHERNMOST is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.

Texas Ratio

We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation

We gather SOUTHERNMOST rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with SOUTHERNMOST's official website for the most current offers and terms.

Credit Union Profile & Overview

Credit Union Name SOUTHERNMOST

Website http://www.smfcu.net

Address 1004 Kennedy Dr, Key West, FL 33040 4019

Phone 305-296-6568

Fax

President Bruce Winegarden

CEO Gladys Bethel

Full-Time Employees 4

Part-Time Employees 1

Branch Locations 1

ATM Locations 1

NCUA Insured ✓ Yes — Up to $250,000 per depositor

Financials

MonitorBankRates Star Rating

5.0 / 5.0 ★

Overall Health & Safety Grade

A+ (99/100)

Texas Ratio

1.20%

Return on Assets (ROA)

0.1219%

Return on Equity (ROE)

0.6401%

Non-Performing Loans Ratio (NPL)

0.32%

Total Assets

15,790,493

Total Amount of Shares and Deposits

12,549,938

Total Shares and Deposits < 1 Year

12,549,938

Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)

516,737

Total Uninsured Shares and Deposits > $250K (F+J)

516,737

Total Insured Shares and Deposits > $250K (item 17 less item K)

12,033,201

Total Interest Expense (Sum of items 6 8)

17,136

Share Certificates

Number of Accounts for Share Drafts

459

IRA KEOGH Accounts

Number of Accounts for Regular Shares

1,566

Net Income (unless the amount is already included in Undivided Earnings)

10,396

Total Cash on Deposit (Amounts Deposited in Financial Institutions)

1,134,523

Total Liabilities

12,783,284

Source: NCUA — Last Updated 09/30/2025

Customer Reviews

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Total Reviews

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Frequently Asked Questions About SOUTHERNMOST

Is SOUTHERNMOST a safe place to deposit money?

Yes, SOUTHERNMOST is considered a safe financial institution. With a Texas Ratio of 1.1963252304712%, the institution's financial health is rated as excellent. Your accounts are federally insured by the NCUA (National Credit Union Administration) up to $250,000 per depositor, for each account ownership category.

How many branches does SOUTHERNMOST operate?

SOUTHERNMOST currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is a member application needed to join SOUTHERNMOST?

Yes, to access services at SOUTHERNMOST, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Is there a first-time homebuyer program?

Currently, SOUTHERNMOST does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, SOUTHERNMOST provides members with tools to manage their accounts and build a solid financial history.

Does SOUTHERNMOST offer online and mobile banking?

Most modern institutions like SOUTHERNMOST provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: http://www.smfcu.net.