WinSouth Credit Union


Overview / Commentary
256-563-4111
110 S. 26Th St
Gadsden, AL 35904

WinSouth Credit Union is headquartered in GADSDEN and is the 19th largest credit union in the state of Alabama. It is also the 857th largest credit union in the nation. It was established in 1951 and as of June of 2022, it had grown to 91 employees and 35,916 members at 11 locations. WinSouth Credit Union has a B+ health rating.

Reviews (1)

Don’T Bank With Them! It’S A NIGHTMARE!

Posted by: |

They place 10 day holds on every check you deposit. I’ve had an account that was hacked back in 2017 or 2018. I got a new debit card, because they said that would fix the issue. That didn’t work, so they said they would put a lock on the account and only deposits would be allowed. I agreed, and now people are trying to take money from the same account again! I’ve emailed them and even spoken with them on the phone. Well, I just got charged another $30.00 because someone tried taking money out of the account. I’ve told them I did not approve these transactions, yet they refuse to return the money they have taken from my account for bogus fees. I’m closing all of my accounts with them first thing Monday morning. I make damn good money, and yet I have to pay someone a percentage of my check each week so I can get my check cashed. If not, the bank puts a 10 hold on my checks. They said it’s their company policy that all checks by all members have a 10 day hold including payroll checks. That’s bull! I’m done! I’ve heard Liberty Bank is good. Maybe I’ll go there.



Health
B+

Health Grade Components

Overall
NCUA #97076
Year Chartered1951
Employees91
Primary Regulator
Profit Margin
Return on Assets - YTD1.13%
Return on Equity - YTD25.59%
Annual Interest Income$5.3MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$378.0MM$381.0MM
LoansQ2 2022vs Q2 2021$208.3MM$187.9MM
DepositsQ2 2022vs Q2 2021$356.6MM$346.8MM
Equity CapitalQ2 2022vs Q2 2021$16.8MM$31.6MM
Loan Loss AllowanceQ2 2022vs Q2 2021$1.1MM$1.3MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$304.00K$356.00K
Real Estate OwnedQ2 2022vs Q2 2021$0$409.00K
Rates

Rates for WinSouth Credit Union are currently being reviewed.

Locations

Availability



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