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 27^th largest credit union in the state of Tennessee. It is also the 1,195^th largest credit union in the nation. It was established in 1949 and as of September of 2019, it had grown to 54 employees and 20,127 members at 12 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 Q3 2019

Learn why bank health matters

Health Grade Components

Overall
NCUA #	5974
Year Chartered	1949
Employees	54
Primary Regulator

Profit Margin
Return on Assets - YTD	0.57%
Return on Equity - YTD	6.17%
Annual Interest Income	$4.9MM

Assets and Liabilities
Assets	Q3 2019vs Q3 2018	$168.5MM$161.2MM
Loans	Q3 2019vs Q3 2018	$112.2MM$106.1MM
Deposits	Q3 2019vs Q3 2018	$151.8MM$144.8MM
Equity Capital	Q3 2019vs Q3 2018	$15.6MM$14.9MM
Loan Loss Allowance	Q3 2019vs Q3 2018	$513.00K$457.00K
Unbacked Noncurrent Loans	Q3 2019vs Q3 2018	$1.3MM$833.00K
Real Estate Owned	Q3 2019vs Q3 2018	$433.00K$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
0.40%^*	$10k^*	-	Christmas Club
OTHER TIERS: 0.10% → $50 - $5k \| 0.20% → $5k - $10k
0.20%^*	$10k^*	-	Regular Share
OTHER TIERS: 0.10% → $50 - $5k \| 0.15% → $5k - $10k
0.20%^*	$10k^*	-	Miscellaneous Share
OTHER TIERS: 0.10% → $50 - $5k \| 0.15% → $5k - $10k
0.20%	-	-	Variable IRA

Southern Security Federal Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.50%^*	$100k^*	-	Money Market Accounts
OTHER TIERS: 0.20% → $2.5k - $25k \| 0.35% → $25k - $50k \| 0.40% → $50k - $100k

Southern Security Federal Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.15%^*	$10k^*	-	Share Draft (Checking)
OTHER TIERS: 0.05% → $750 - $5k \| 0.10% → $5k - $10k

Southern Security Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.85%	$500	-	5 Year CD
1.75%	$500	-	4 Year CD
1.65%	$500	-	3 Year CD
1.60%^*	$50k^*	-	2 Year 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
1.50%^*	$50k^*	-	18 Month 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
0.30%^*	$7.5k^*	-	91 Day CD
OTHER TIERS: 0.25% → $2.5k - $7.5k

Southern Security Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.85%	$250	-	5 Year IRA
1.75%	$250	-	4 Year IRA
1.65%	$250	-	3 Year IRA
1.60%	$250	-	2 Year IRA
1.50%	$250	-	1 Year IRA

Locations

Availability

Memphis Area

Memphis Area bank & credit union details

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