WinSouth Credit Union is headquartered in GADSDEN and is the 19th largest credit union in the state of Alabama. It is also the 851st largest credit union in the nation. It was established in 1951 and as of December of 2022, it had grown to 85 employees and 36,232 members at 11 locations. WinSouth Credit Union has a B+ health rating.
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.
|Return on Assets - YTD||0.89%|
|Return on Equity - YTD||19.36%|
|Annual Interest Income||$11.9MM|
|Assets and Liabilities|
|Assets||Q4 2022vs Q4 2021||$385.4MM$384.0MM|
|Loans||Q4 2022vs Q4 2021||$250.5MM$187.7MM|
|Deposits||Q4 2022vs Q4 2021||$358.4MM$350.2MM|
|Equity Capital||Q4 2022vs Q4 2021||$17.6MM$32.0MM|
|Loan Loss Allowance||Q4 2022vs Q4 2021||$1.8MM$1.2MM|
|Unbacked Noncurrent Loans||Q4 2022vs Q4 2021||$655.00K$443.00K|
|Real Estate Owned||Q4 2022vs Q4 2021||$0$353.00K|
Rates for WinSouth Credit Union are currently being reviewed.