Southern Security

Southern Security is headquartered in MEMPHIS and is the 29^th largest credit union in the state of Tennessee. It is also the 1,407^th largest credit union in the nation. It was established in 1949 and as of December of 2011, it had grown to 38 employees and 16,889 members. Southern Security has a 5-star health rating.

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Data for Q4 2011

Institution Statistics SOUTHERN SECURITY NCUA # 5974 BankRate Report View Year Chartered 1949 Employees 38 Primary Regulator Assets and Liabilities Assets $102.55 million Loans $33.92 million Deposits $91.90 million Equity Capital $9.72 million Loan Loss Allowance $294,000 Unbacked Noncurrent Loans $242,000 Historic Data - December 2010 Assets $99.82 million Equity Capital $9.73 million Loan Loss Allowance $289,000 Unbacked Noncurrent Loans $242,000 Profit Margin - Quarterly Net Interest Margin 5.71% Return on Assets 0.04% Return on Equity 0.42% Interest Income $3.39 million Non-Interest Income $2.12 million

Institution Health Overall Score: 5 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Southern Security had $242,000 in non-current loans and owned real-estate with $10.02 million in equity and loan loss allowances on hand to cover it. This gives Southern Security a Texas Ratio of 2.42% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Southern Security held steady from 2.41% as of December 31, 2010 to 2.42% as of December 31, 2011, resulting in a negative change of 0.06%. This indicates that the balance sheet and financial strength for Southern Security has held steady in recent periods. Deposit Growth In the past year, Southern Security has increased its total deposits by $2.62 million, resulting in 2.93% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Southern Security has shown is above average. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Southern Security has $102.55 million in assets with $10.02 million in equity, resulting in a capitalization level of 9.77%, which is average.

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