Southern Security Federal Credit Union
Southern Security Federal Credit Union is headquartered in Collierville and is the 26th largest credit union in the state of Tennessee. It is also the 1,166th largest credit union in the nation. It was established in 1949 and as of December of 2022, it had grown to 55 employees and 20,193 members at 8 locations. Southern Security Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership to Southern Security Federal Credit Union is open to employees and retirees of an eligible sponser company, or have family that is a current SSFCU member. (must call the credit union to confirm eligibility)
See current membership details
Review of Southern Security Federal Credit Union
I recently got a car loan through Southern Security Federal Credit Union. They were helpful and courteous and had a great rate of 1.99 % interest. With free Gap insurance and no fees this was a good deal. I could not have had a better experience.
Data as of Q4 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 5974 |
| Year Chartered | 1949 |
| Employees | 55 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.41% |
| Return on Equity - YTD | 8.28% |
| Annual Interest Income | $6.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2022vs Q4 2021 | $229.6MM$236.2MM |
| Loans | Q4 2022vs Q4 2021 | $136.8MM$125.2MM |
| Deposits | Q4 2022vs Q4 2021 | $214.5MM$218.5MM |
| Equity Capital | Q4 2022vs Q4 2021 | $11.5MM$16.5MM |
| Loan Loss Allowance | Q4 2022vs Q4 2021 | $798.00K$693.00K |
| Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $216.00K$256.00K |
| Real Estate Owned | Q4 2022vs Q4 2021 | $0$0 |