WinSouth Credit Union

Overview / Commentary
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 844th largest credit union in the nation. It was established in 1951 and as of June of 2023, it had grown to 94 employees and 36,540 members at 11 locations. WinSouth Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership in WinSouth Credit Union is open to those who live, work, or is a member of a social or economic group in the Alabama counties of Blount, Calhoun, Cherokee, Cleburne, Cullman, DeKalb, Etowah, Jackson, Jefferson, Madison, Marshall, Morgan, Shelby, St. Clair, or Talladega.
See current membership details

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 Grade Components

NCUA #97076
Year Chartered1951
Primary Regulator
Profit Margin
Return on Assets - YTD1.23%
Return on Equity - YTD27.86%
Annual Interest Income$7.3MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$394.0MM$378.0MM
LoansQ2 2023vs Q2 2022$268.8MM$208.3MM
DepositsQ2 2023vs Q2 2022$360.4MM$356.6MM
Equity CapitalQ2 2023vs Q2 2022$17.4MM$16.8MM
Loan Loss AllowanceQ2 2023vs Q2 2022$0$1.1MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$703.00K$304.00K
Real Estate OwnedQ2 2023vs Q2 2022$0$0

Rates for WinSouth Credit Union are currently being reviewed.



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