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 51st largest credit union in the state of Alabama. It is also the 2,896th largest credit union in the nation. It was established in 1947 and as of June of 2018, it had grown to 7 employees and 3,564 members at 1 location. Social Security Credit Union's money market rates are 14% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

Membership is open to employees and retirees of the Social Security Administration and other Department of Health and Human Services offices in Birmingham, Alabama; federal employees in the metro Birmingham area and other Southeastern Program Service Center divisions.
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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
Employees7
Primary Regulator
Profit Margin
Return on Assets - YTD0.98%
Return on Equity - YTD4.62%
Annual Interest Income$551.00K
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$30.5MM$30.6MM
LoansQ2 2018vs Q2 2017$16.9MM$17.8MM
DepositsQ2 2018vs Q2 2017$24.0MM$24.3MM
Equity CapitalQ2 2018vs Q2 2017$6.4MM$6.2MM
Loan Loss AllowanceQ2 2018vs Q2 2017$114.00K$111.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$191.00K$176.00K
Real Estate OwnedQ2 2018vs Q2 2017$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Social Security Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%$100-Club IRA
0.30%$25-Shares
0.15%$100-Clubs Account

Social Security Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$10k*-Super Money Market
OTHER TIERS: 0.40% $2.5k - $10k

Social Security Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.76%$1k-3 Year CD
1.51%$1k-2 Year CD
0.75%$1k-1 Year CD
0.40%$1k-6 Month CD

Social Security Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.76%$1k-3 Year IRA
1.51%$1k-2 Year IRA
0.75%$1k-1 Year IRA
0.40%$1k-6 Month IRA
Locations


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

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