Overview / Commentary
New South Credit Union is headquartered in Knoxville and is the 49th largest credit union in the state of Tennessee. It is also the 2,028th largest credit union in the nation. It was established in 1952 and as of March of 2025, it had grown to 21 employees and 6,734 members at 3 locations. New South Credit Union has an A health rating.
Field of Membership Restrictions
Membership in New South Credit Union is open to those who live, work, worship, or attend school in Knox, Grainger, or Union Counties in Tennessee.
See current membership details
Health
A
Data as of Q1 2025
Learn why bank health mattersAdditional 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 Chartered | 1952 |
| Employees | 21 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.77% |
| Return on Equity - YTD | 11.72% |
| Annual Interest Income | $893K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $80.9MM$76.8MM |
| Loans | Q1 2025vs Q1 2024 | $36.2MM$35MM |
| Deposits | Q1 2025vs Q1 2024 | $68.4MM$64.9MM |
| Equity Capital | Q1 2025vs Q1 2024 | $12MM$11.1MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $336K$307K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $27K$36K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |