Social Security Credit Union


Overview / Commentary
205-323-7028
1200 Reverend Abraham Woods Jr Blvd
Birmingham, AL 35285

Social Security Credit Union is headquartered in Birmingham and is the 52nd largest credit union in the state of Alabama. It is also the 2,860th largest credit union in the nation. It was established in 1947 and as of September of 2022, it had grown to 6 employees and 3,042 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

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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. Social Security Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #61391
Year Chartered1947
Employees6
Primary Regulator
Profit Margin
Return on Assets - YTD0.45%
Return on Equity - YTD2.31%
Annual Interest Income$693.00K
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$35.7MM$36.5MM
LoansQ3 2022vs Q3 2021$13.7MM$14.9MM
DepositsQ3 2022vs Q3 2021$28.6MM$29.4MM
Equity CapitalQ3 2022vs Q3 2021$6.9MM$6.9MM
Loan Loss AllowanceQ3 2022vs Q3 2021$50.00K$111.00K
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$94.00K$79.00K
Real Estate OwnedQ3 2022vs Q3 2021$0$0
Rates

Rates for Social Security Credit Union are currently being reviewed.

Locations


Social Security Credit Union Locations
Branch Office1200 Reverend Abraham Woods Jr BlvdBirmingham, AL 35285

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