Southern Security Federal Credit Union
Overview / Commentary
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 1,148th largest credit union in the nation. It was established in 1949 and as of June of 2024, it had grown to 58 employees and 19,765 members at 7 locations. Southern Security Federal Credit Union has a C+ 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
Health
C+
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 5974 |
| Year Chartered | 1949 |
| Employees | 58 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.55% |
| Return on Equity - YTD | 8.71% |
| Annual Interest Income | $4.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $239.6MM$232.2MM |
| Loans | Q2 2024vs Q2 2023 | $151.8MM$139.2MM |
| Deposits | Q2 2024vs Q2 2023 | $217.3MM$216.7MM |
| Equity Capital | Q2 2024vs Q2 2023 | $15.1MM$12MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $1.1MM$859K |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $2.6MM$550K |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |