The Southern Credit Union is headquartered in Fayetteville and is the 10th largest credit union in the state of Georgia. It is also the 677th largest credit union in the nation. It was established in 1963 and as of September of 2020, it had grown to 76 employees and 32,842 members at 9 locations. The Southern Credit Union has an A+ health rating.
Field of Membership Restrictions
The Southern Credit Union offers membership to employees of any of the CU's over 200 Select Employer Groups or those who live in the counties of Upson, Troup, Spalding, Meriwether, Lamar, Fayette, Coweta and Butts.
See current membership details
Soon To Be Former Members
The branch in Morrow at the drive thru window have the most unprofessional women as customer service reps. I hate banking here and I encouraged my son to open accounts here and he has been treated with the most disrespect. DO NOT DO BUSINESS WITH THIS CREDIT UNION. (there are many more out there). They do not value their customers.
Current Member
I truly dislike this credit union. If you want a credit union that careless about the member, poor customer service, poor communication, hold your money hostage, and overall poor credit union then by all means this is it. I was a member at Atlanta postal credit union which I loved but it was too far from what I live. When I heard about the southern credit union coming to my area I thought great a credit union closer I'll join there. Little did I know it would be banking from hell. You call and talk to setback people that gives you all different information no one is on the same page with how they handle your accounts. Needless to say do not deposit a large check because they hold your funds hostage. They will tell you to get them information showing the check cleared the other bank and they will release your funds but when you do that they will tell you they are not releasing them until the hold expire even though they have received the funds.
I will be withdrawing all my money from this institution.
Data as of Q3 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68638 |
| Year Chartered | 1963 |
| Employees | 76 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.48% |
| Return on Equity - YTD | 4.5% |
| Annual Interest Income | $9.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2020vs Q3 2019 | $462.2MM$406.1MM |
| Loans | Q3 2020vs Q3 2019 | $196.5MM$204.6MM |
| Deposits | Q3 2020vs Q3 2019 | $407.6MM$356.5MM |
| Equity Capital | Q3 2020vs Q3 2019 | $48.2MM$43.5MM |
| Loan Loss Allowance | Q3 2020vs Q3 2019 | $852.00K$822.00K |
| Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $76.00K$228.00K |
| Real Estate Owned | Q3 2020vs Q3 2019 | $0$0 |