WinSouth Credit Union


Overview / Commentary
256-543-7303
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 849th largest credit union in the nation. It was established in 1951 and as of December of 2023, it had grown to 100 employees and 36,180 members at 9 locations. WinSouth Credit Union's money market rates are 7X the national average, and it 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
B+

Health Grade Components

Overall
NCUA #97076
Year Chartered1951
Employees100
Primary Regulator
Profit Margin
Return on Assets - YTD1.05%
Return on Equity - YTD20.52%
Annual Interest Income$15.6MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$393.6MM$385.4MM
LoansQ4 2023vs Q4 2022$272MM$250.5MM
DepositsQ4 2023vs Q4 2022$361.1MM$358.4MM
Equity CapitalQ4 2023vs Q4 2022$20.1MM$17.6MM
Loan Loss AllowanceQ4 2023vs Q4 2022$2MM$1.8MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$695K$655K
Real Estate OwnedQ4 2023vs Q4 2022$377K$377K
Rates
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Always verify rates and promotions with the bank or credit union. We are not WinSouth Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

WinSouth Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%--IRA Club Account 66
0.25%$1k-Super Savings
0.10%$2k-Share Savings Account
0.10%$5-Christmas Club
0.10%--Whatever Savings

WinSouth Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*$100k*-Money Market
OTHER TIERS: 0.25% $1k - $50k | 0.35% $50k - $100k

WinSouth Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*-$10kKasasa Cash Checking
OTHER TIERS: 0.25% $10k+

WinSouth Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.50%$1k-6 Month CD Special
5.00%$1k-12 Month CD Special
4.00%$250k-36 Month CD Special
1.66%$1k-60 Month CD
1.41%$1k-48 Month CD
1.21%$1k-36 Month CD
0.95%$1k-24 Month CD
0.85%$1k-12 Month CD
0.70%$1k-6 Month CD

WinSouth Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.50%$1k-6 Month IRA Special
5.00%$1k-12 Month IRA Special
4.00%$250k-36 Month IRA Special
1.66%$1k-60 Month IRA CD
1.41%$1k-48 Month IRA CD
1.21%$1k-36 Month IRA CD
0.95%$1k-24 Month IRA CD
0.85%$1k-12 Month IRA CD
0.70%$1k-6 Month IRA CD
Locations


WinSouth Credit Union Locations
Branch Office199 INDEPENDENT DRRAINBOW CITY, AL 35906
Branch Office101 DRINKARD DR NWFORT PAYNE, AL 35967
Corporate Office110 S 26TH STGADSDEN, AL 35904-1935
Branch Office3512 US Highway 431ALBERTVILLE, AL 35950-0204
Branch Office320 ALBERT RAINS BLVDGADSDEN, AL 35901
Branch Office67 ROY SANDERSON AVERAINSVILLE, AL 35986
Branch Office201 3RD ST SONEONTA, AL 35121-2184
Branch Office2460 Moody PkwyMoody, AL 35004
Branch Office2950 Cogswell AVePell City, AL 35125

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