Overview / Commentary
865-523-0757
3261 N Mall Rd
Knoxville, TN 37924

New South Credit Union is headquartered in Knoxville and is the 49th largest credit union in the state of Tennessee. It is also the 2,211th largest credit union in the nation. It was established in 1952 and as of June of 2018, it had grown to 20 employees and 6,273 members at 4 locations. New South Credit Union has an A health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship or attend school in Knox, Grainger, or Union Counties in Tennessee.
See current membership details

Reviews (2)

NSCU provides personal service

My wife has a phobia of going into banks, not sure why but it terrifies her. NSCU offers remote deposit and a very good web portal to do online banking so she rarely needs to actually go to the bank in person. However some things do require a trip there. The bank vice president is aware of her phobia and is willing to go well above and beyond what anyone could expect of him. He will arrange for her to meet him there at a time when the bank is closed so there is no one else around, then he will meet her in the parking lot and walk her into the bank. I have never known of any other bank to offer service like this.

Recommend

My spouses company had moved us to a new city and we were looking for a local bank. I had no experience with credit unions but several of his co workers told him about New South Credit Union. We went in to check out what they offered and if they could meet our needs. They offered a checking and savings account that would work for our needs. The online banking attached to each account was free to use. The credit union and everyone who worked there are always nice, kind, and friendly. They took the time to get to know us and were on a first name basis with us and the children in our family. The president of the credit union is located at the main office and will come out and socialize with everyone. They always had a customer appreciation day were they fed their members and gave away prizes. In a big city this gave us a feeling of belonging and mattering.



Health
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. New South Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #60645
Year Chartered1952
Employees20
Primary Regulator
Profit Margin
Return on Assets - YTD0.65%
Return on Equity - YTD4.05%
Annual Interest Income$864.00K
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$57.1MM$55.5MM
LoansQ2 2018vs Q2 2017$30.7MM$30.1MM
DepositsQ2 2018vs Q2 2017$47.4MM$46.2MM
Equity CapitalQ2 2018vs Q2 2017$9.0MM$8.7MM
Loan Loss AllowanceQ2 2018vs Q2 2017$99.00K$103.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$0$100.00K
Real Estate OwnedQ2 2018vs Q2 2017$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not New South Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

New South Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.55%*$25k*-IRA Share
OTHER TIERS: 0.25% Up to $25k
0.50%--Christmas Club
0.50%--Vacation Club
0.15%$5-Primary Savings

New South Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$25k*-Money Market
OTHER TIERS: 0.20% $2.5k - $25k

New South Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--TOTALLY FREE Checking

New South Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.75%$250-60 Month CD
1.60%$250-48 Month CD
1.50%$250-3 Year CD
1.35%$250-3 Year - Rate Climber CD
1.25%$250-2 Year CD
1.10%$250-2 Year - Rate Climber CD
0.75%$250-12 Month CD
0.25%$250-6 Month CD

New South Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%--36 Month IRA
1.25%--24 Month IRA
0.75%--12 Month IRA
Locations


New South Credit Union Locations
Branch Office4587 Maynardville HwyMaynardville, TN 37807
Branch Office7701 Rutledge PikeRutledge, TN 37861
Branch Office3261 N Mall RdKnoxville, TN 37924
Branch Office2332 News Sentinel DrKnoxville, TN 37921-5766

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