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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 27th largest credit union in the state of Tennessee. It is also the 1,196th largest credit union in the nation. It was established in 1949 and as of March of 2020, it had grown to 55 employees and 20,215 members at 11 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

Posted by: |

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.

3


Health
A

Data as of Q1 2020

Learn why bank health matters

Health Grade Components

Overall
NCUA #5974
Year Chartered1949
Employees55
Primary Regulator
Profit Margin
Return on Assets - YTD0.48%
Return on Equity - YTD5.17%
Annual Interest Income$1.6MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$175.1MM$170.4MM
LoansQ1 2020vs Q1 2019$110.1MM$109.0MM
DepositsQ1 2020vs Q1 2019$157.4MM$153.4MM
Equity CapitalQ1 2020vs Q1 2019$16.1MM$15.6MM
Loan Loss AllowanceQ1 2020vs Q1 2019$558.00K$441.00K
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$377.00K$577.00K
Real Estate OwnedQ1 2020vs Q1 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
0.10%*$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%--Variable IRA
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
0.40%*$100k*-Money Market Accounts
OTHER TIERS: 0.10% → $2.5k - $25k | 0.20% → $25k - $50k | 0.30% → $50k - $100k
0.40%*$100k*-Business Money Market Account
OTHER TIERS: 0.10% → $5k - $25k | 0.20% → $25k - $50k | 0.30% → $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
0.85%$500-5 Year CD
0.75%$500-4 Year CD
0.70%$500-3 Year CD
0.65%*$50k*-2 Year CD
OTHER TIERS: 0.55% → $500 - $10k | 0.60% → $10k - $50k
0.60%*$50k*-1 Year CD
OTHER TIERS: 0.50% → $500 - $10k | 0.55% → $10k - $50k
0.60%*$50k*-18 Month CD
OTHER TIERS: 0.50% → $500 - $10k | 0.55% → $10k - $50k
0.50%*$50k*-6 Month CD
OTHER TIERS: 0.40% → $2.5k - $10k | 0.45% → $10k - $50k
0.30%*$7.5k*-91 Day CD
OTHER TIERS: 0.25% → $2.5k - $7.5k

Southern Security Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.85%$250-5 Year IRA
0.75%$250-4 Year IRA
0.70%$250-3 Year IRA
0.65%$250-2 Year IRA
0.60%$250-1 Year IRA
Locations

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