Southern Security Federal Credit Union

Overview / Commentary

www.southernsecurity.org

901-452-7900

765 W Poplar Ave
Collierville, TN 38017

Southern Security Federal Credit Union is headquartered in Collierville and is the 26^th largest credit union in the state of Tennessee. It is also the 1,149^th largest credit union in the nation. It was established in 1949 and as of June of 2022, it had grown to 52 employees and 20,579 members at 8 locations. Southern Security Federal Credit Union's CD rates are 67% higher than the national average, and it 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

Reviews (1)

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Review of Southern Security Federal Credit Union

Posted by: T.K.CarLoan | May 5, 2014

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.

Comment

Health

B+

Data as of Q2 2022

Learn why bank health matters

Health Grade Components

Overall
NCUA #	5974
Year Chartered	1949
Employees	52
Primary Regulator

Profit Margin
Return on Assets - YTD	0.23%
Return on Equity - YTD	4.27%
Annual Interest Income	$3.1MM

Assets and Liabilities
Assets	Q2 2022vs Q2 2021	$235.9MM$227.3MM
Loans	Q2 2022vs Q2 2021	$132.2MM$114.8MM
Deposits	Q2 2022vs Q2 2021	$220.1MM$211.0MM
Equity Capital	Q2 2022vs Q2 2021	$12.8MM$15.2MM
Loan Loss Allowance	Q2 2022vs Q2 2021	$766.00K$711.00K
Unbacked Noncurrent Loans	Q2 2022vs Q2 2021	$450.00K$120.00K
Real Estate Owned	Q2 2022vs Q2 2021	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME
0.20%^*	$10k^*	-	Christmas Club
OTHER TIERS: 0.05% → $50 - $5k \| 0.10% → $5k - $10k
0.15%^*	$10k^*	-	Regular Share
OTHER TIERS: 0.07% → $50 - $5k \| 0.10% → $5k - $10k
0.15%^*	$10k^*	-	Miscellaneous Share
OTHER TIERS: 0.07% → $50 - $5k \| 0.10% → $5k - $10k
0.15%^*	$10k^*	-	Business Share
OTHER TIERS: 0.07% → $50 - $5k \| 0.10% → $5k - $10k
0.15%^*	$10k^*	-	Business Misc. Savings
OTHER TIERS: 0.07% → $50 - $5k \| 0.10% → $5k - $10k
0.10%	-	-	Variable IRA

Southern Security Federal Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%^*	$100k^*	-	Money Market Accounts
OTHER TIERS: 0.15% → $2.5k - $25k \| 0.30% → $25k - $50k \| 0.40% → $50k - $100k
0.50%^*	$100k^*	-	Business Money Market Account
OTHER TIERS: 0.15% → $5k - $25k \| 0.30% → $25k - $50k \| 0.40% → $50k - $100k

Southern Security Federal Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.10%^*	$10k^*	-	Share Draft (Checking)
OTHER TIERS: 0.05% → $750 - $5k \| 0.08% → $5k - $10k
0.10%^*	$50k^*	-	Business Share Draft (Checking)
OTHER TIERS: 0.08% → $10k - $50k

Southern Security Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.35%	$500	-	5 Year CD
2.00%	$500	-	4 Year CD
1.90%	$500	-	3 Year CD
1.75%^*	$50k^*	-	2 Year CD
OTHER TIERS: 1.65% → $500 - $10k \| 1.70% → $10k - $50k
1.60%^*	$50k^*	-	18 Month CD
OTHER TIERS: 1.50% → $500 - $10k \| 1.55% → $10k - $50k
1.50%^*	$50k^*	-	1 Year CD
OTHER TIERS: 1.40% → $500 - $10k \| 1.45% → $10k - $50k
1.25%^*	$50k^*	-	6 Month CD
OTHER TIERS: 1.15% → $2.5k - $10k \| 1.20% → $10k - $50k
0.50%^*	$7.5k^*	-	91 Day CD
OTHER TIERS: 0.45% → $2.5k - $7.5k

Southern Security Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.35%	$250	-	5 Year IRA
2.00%	$250	-	4 Year IRA
1.90%	$250	-	3 Year IRA
1.75%	$250	-	2 Year IRA
1.50%	$250	-	1 Year IRA

Locations

Southern Security Federal Credit Union Locations
Branch Office	50 N Dunlap St	Memphis, TN 38103
Branch Office	1360 Sunset Dr Ste 6	Grenada, MS 38901-2854
Branch Office	765 W Poplar Ave	Collierville, TN 38017
Branch Office	8058 US Highway 64	Bartlett, TN 38133
Branch Office	123 S Front St	Memphis, TN 38103
Branch Office	3183 Poplar Ave	Memphis, TN 38111
Branch Office	6717 Airways Blvd Ste 100	Southaven, MS 38671
Branch Office	2795 Kirby Whitten Rd	Bartlett, TN 38134

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