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 1,160th largest credit union in the nation. It was established in 1949 and as of June of 2023, it had grown to 55 employees and 20,077 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 Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 5974 |
| Year Chartered | 1949 |
| Employees | 55 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.3% |
| Return on Equity - YTD | 5.85% |
| Annual Interest Income | $3.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $232.2MM$235.9MM |
| Loans | Q2 2023vs Q2 2022 | $139.2MM$132.2MM |
| Deposits | Q2 2023vs Q2 2022 | $216.7MM$220.1MM |
| Equity Capital | Q2 2023vs Q2 2022 | $12.0MM$12.8MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$766.00K |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $550.00K$450.00K |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |