Southern Security Federal Credit Union


Overview / Commentary
901-452-7900
765 W Poplar Ave
Collierville, TN 38017

Southern Security Federal Credit Union is headquartered in Collierville and is the 27th largest credit union in the state of Tennessee. It is also the 1,189th largest credit union in the nation. It was established in 1949 and as of June of 2020, it had grown to 52 employees and 20,209 members at 10 locations. Southern Security Federal Credit Union has an A 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

Reviews (1)

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.



Health

Health Grade Components

Overall
NCUA #5974
Year Chartered1949
Employees52
Primary Regulator
Profit Margin
Return on Assets - YTD0.35%
Return on Equity - YTD4.14%
Annual Interest Income$3.2MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$191.9MM$170.5MM
LoansQ2 2020vs Q2 2019$108.7MM$109.7MM
DepositsQ2 2020vs Q2 2019$174.7MM$153.5MM
Equity CapitalQ2 2020vs Q2 2019$15.7MM$15.4MM
Loan Loss AllowanceQ2 2020vs Q2 2019$621.00K$479.00K
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$199.00K$945.00K
Real Estate OwnedQ2 2020vs Q2 2019$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Southern Security Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Southern Security Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$10k*-Christmas Club
OTHER TIERS: 0.05% $50 - $5k | 0.10% $5k - $10k
0.20%--Variable IRA
0.10%*$10k*-Regular Share
OTHER TIERS: 0.05% $50 - $5k | 0.08% $5k - $10k
0.10%*$10k*-Miscellaneous Share
OTHER TIERS: 0.05% $50 - $5k | 0.08% $5k - $10k
0.10%*$10k*-Business Share
OTHER TIERS: 0.05% $50 - $5k | 0.08% $5k - $10k
0.10%*$10k*-Business Misc. Savings
OTHER TIERS: 0.05% $50 - $5k | 0.08% $5k - $10k

Southern Security Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$100k*-Money Market Accounts
OTHER TIERS: 0.10% $2.5k - $25k | 0.20% $25k - $50k | 0.25% $50k - $100k
0.30%*$100k*-Business Money Market Account
OTHER TIERS: 0.10% $5k - $25k | 0.20% $25k - $50k | 0.25% $50k - $100k

Southern Security Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%*$10k*-Share Draft (Checking)
OTHER TIERS: 0.01% $750 - $5k | 0.03% $5k - $10k
0.05%*$50k*-Business Share Draft (Checking)
OTHER TIERS: 0.03% $10k - $50k

Southern Security Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$500-5 Year CD
0.65%$500-4 Year CD
0.60%$500-3 Year CD
0.55%*$50k*-2 Year CD
OTHER TIERS: 0.45% $500 - $10k | 0.50% $10k - $50k
0.50%*$50k*-1 Year CD
OTHER TIERS: 0.40% $500 - $10k | 0.45% $10k - $50k
0.50%*$50k*-18 Month CD
OTHER TIERS: 0.40% $500 - $10k | 0.45% $10k - $50k
0.40%*$50k*-6 Month CD
OTHER TIERS: 0.30% $2.5k - $10k | 0.35% $10k - $50k
0.20%*$7.5k*-91 Day CD
OTHER TIERS: 0.15% $2.5k - $7.5k

Southern Security Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$250-5 Year IRA
0.65%$250-4 Year IRA
0.60%$250-3 Year IRA
0.55%$250-2 Year IRA
0.50%$250-1 Year IRA
Locations


Cities: Bartlett, Collierville, Covington, Grenada, Memphis, Millington, Southaven

Bartlett Branches
Branch Office8058 US Highway 64Bartlett, TN 38133
Branch Office2795 Kirby Whitten RdBartlett, TN 38134

Collierville Branches
Branch Office765 W Poplar AveCollierville, TN 38017

Covington Branches
Branch Office1211 Hope StCovington, TN 38019-1605

Grenada Branches
Branch Office1360 Sunset Dr Ste 6Grenada, MS 38901-2854

Memphis Branches
Branch Office50 N Dunlap StMemphis, TN 38103
Branch Office123 S Front StMemphis, TN 38103
Branch Office3183 Poplar AveMemphis, TN 38111

Millington Branches
Corporate Office4845 Cuba Millington Rd Ste 4Millington, TN 38053-5420

Southaven Branches
Branch Office6717 Airways Blvd Ste 100Southaven, MS 38671

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