Sddfcu Credit Union Review 2023

With more than 380,000 members, sddfcu is the largest locally own financial institution in San Diego. It serves Southern California residents living and working in Orange, Riverside and San Diego counties.

Unlike most banks, sddfcu is not for-profit. Instead, earnings are return to the membership in the form of lower loan rates, higher dividends and free banking services.


Founded in 1950 and headquartered in Dearborn, Michigan, DFCU Financial, with approximately $6.4 billion in assets and $765 million in net worth, is one of the top performing credit unions in the country. It has 27 full-service branches in metro Detroit, Ann Arbor, Grand Rapids and Lansing, Michigan, which are staff by local financial specialists uniquely qualified to help members and businesses achieve important financial milestones.

Credit unions are not-for-profit, member-owned organizations that operate on a democratic one-person-one-vote basis. Credit unions are governed by boards of directors that are electe by and from the membership themselves, making them different from banks and other non-profit financial institutions. This not-for-profit structure is the key to the success of the credit union movement and why it will be next-to-impossible for any bank charter conversion attempt anytime soon. CU Associations, credit unions themselves and other credit union organizations should unite against this common enemy on the conversion issue:

Online & Mobile Banking

Online and mobile banking allow members to manage their accounts on the go. These services give customers access to a variety of functions, such as depositing checks, viewing transaction history, paying bills, paying loans and finding ATMs.

Online banking is performed through a web-based platform that requires no special software. It is accessible through any browser on a desktop, laptop or mobile device.

Basic SMS Transactions

Mobile banking, on the other hand, uses an app that is downloaded to a smartphone. It provides basic SMS transactions, such as balance check, transfer, and transaction status updates.

Cybersecurity is also an important concern for mobile banks, which protect personal information from theft or damage. Banks often use encryption, secondary authentication and facial recognition to keep account information secure.

Automatic Notifications

Some online banking portals also offer automatic notifications that let you know if there are changes to your account. This can help you stay informed and save you time, as it can alert you to direct deposits, large payments, overdrafts or other events in your account.

Mortgages & Loans

Sddfcu offers mortgages for home buyers who are looking to purchase a new house. They also offer mortgage refinancing and home equity loans.

A 30-year fixed-rate mortgage is one of the most popular home loan types, as it locks in a low rate for 30 years. It’s a great option for homeowners who plan to stay in the same home for many years, as it typically costs less than adjustable-rate mortgages (ARMs) and can save them thousands of dollars over the life of the loan.

Final Words:

Besides mortgages, SEFCU also offers loans for commercial real estate, equipment, and business term loans. These loans are ideal for financing the purchase of a property, improving or refinancing existing buildings, and acquiring permanent working capital.

In our data, SEFCU originated Conforming, FHA and USDA mortgages for new home purchases and refinances. Its average interest rate and total loan related closing cost difference relative to other lenders for comparable borrowers by mortgages type is as follows.