Overview / Commentary
Social Security Credit Union is headquartered in Birmingham and is the 49th largest credit union in the state of Alabama. It is also the 2,808th largest credit union in the nation. It was established in 1947 and as of June of 2021, it had grown to 5 employees and 3,627 members at 1 location. Social Security Credit Union has a B+ health rating.
Field of Membership Restrictions
Social Security Credit Union is open to employees and retirees of the Social Security Administration and other Departments of Health and Human Services offices in Birmingham, Alabama; federal employees in the metro Birmingham area and other Southeastern Program Service Center divisions.
See current membership details
Health
B+
Data as of Q2 2021
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. Social Security Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 61391 |
| Year Chartered | 1947 |
| Employees | 5 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.33% |
| Return on Equity - YTD | 1.79% |
| Annual Interest Income | $484.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2021vs Q2 2020 | $37.1MM$34.0MM |
| Loans | Q2 2021vs Q2 2020 | $15.4MM$16.0MM |
| Deposits | Q2 2021vs Q2 2020 | $30.0MM$26.9MM |
| Equity Capital | Q2 2021vs Q2 2020 | $6.8MM$6.7MM |
| Loan Loss Allowance | Q2 2021vs Q2 2020 | $106.00K$95.00K |
| Unbacked Noncurrent Loans | Q2 2021vs Q2 2020 | $66.00K$252.00K |
| Real Estate Owned | Q2 2021vs Q2 2020 | $0$0 |