Southern Security Federal Credit Union

Headquarters

P O Box 310
Collierville, TN 38027
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 5.55% →
1-Year CD 0.60% 5.60% →
2-Year CD 0.65% 4.90% →
5-Year CD 0.85% 4.55% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Credit Union Information

Southern Security is an NCUA insured institution located in Collierville, TN. It was founded in 1949 and has approximately $235.33 millions in assets.

NCUA Insured Yes / Federally Chartered
Charter Number # # 5974
Date Established 1949
Assets $235.33 million
Loans $143.65 million
Deposits $214.41 million
Capital $22.38 million
 

Field of Membership Restrictions

Must be an employee of one of the several affiliated companies. (must call the credit union to confirm eligibility)

Deposit Rates - April 23, 2024

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.05% $50 $4,999 Learn More
Money Market
0.10% $2,500 $24,999 Learn More
Money Market
0.20% $25,000 $49,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.45% $10,000 $49,999 Learn More
6 Mo CD
0.50% $50,000 - Learn More
12 Mo CD
0.55% $10,000 $49,999 Learn More
12 Mo CD
0.60% $50,000 - Learn More
18 Mo CD
0.55% $10,000 $49,999 Learn More
18 Mo CD
0.60% $50,000 - Learn More
24 Mo CD
0.60% $10,000 $49,999 Learn More
24 Mo CD
0.65% $50,000 - Learn More
36 Mo CD
0.70% $500 - Learn More
48 Mo CD
0.75% $500 - Learn More
60 Mo CD
0.85% $500 - Learn More
Variable IRA Rates APY MIN MAX
Var IRA
0.10% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $750 $4,999 Learn MoreShow Less

Loan Rates - April 23, 2024

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Southern Security

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - Virginia 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Tomo Mortgage, LLC.
NMLS ID: 2059741
6.894% 6.750% 0.88 $4,746 $2,076 Learn More
Rocket Mortgage
NMLS ID: 3030
7.463% 7.375% 0.88 $2,800 $2,211 Learn More
FHAloans.com
NMLS ID: Not a Lender
Learn More
Neighbors Bank
NMLS ID: 491986
Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
7.490 %
$0 Learn More
More Info

Note to Southern Security
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Below are Southern Security branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Southern Security Locations



Climate Policy and Initiatives

SOUTHERN SECURITY is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.


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Financial Details

Southern Security Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Southern Security. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Southern Security U.S. Average
11.49% 6.97

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of December 31, 2023, Southern Security had $2,590,803 in non-current loans and $73,500 in owned assets. To cover these potential losses it had $22,380,424 in net worth and $798,471 in loans loss reserves. That gives it a Texas Ratio of 11.49%.

Net Worth
Southern Security U.S. Average
9.51% 13.62%

Southern Security FCU has a net worth of 9.51% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.



Customer Reviews for Southern Security


  • May 7, 2021 |

    Becoming a member of SSFCU and breaking free of the traditional profit off consumers through big wealth trenching is the traditional banks as we know today on every corner. The suits will continue to gain Money never achieving true wealth because it’s source is greed that the common banking entities feed off of and it’s terrible. It’s a such a reward to be a part of something greater at SSFCU. A feeling that money cannot measure. I feel apart of a family with my true interests in mind... much like a team with SSFCU. I feel apart of something greater and very welcomed. The customer service is absolutely amazing and the overall financial security knowing that my wealth is much more than a dollar being apart of SSFCU is priceless.

    Becoming a member was through my employer and I understand why some Credit Unions have these type of requirements as it creates a reward to be apart of something like SouthernSecurity Federal Credit Union.

    I do not mind driving out of the way to deposit cash and no real reason to carry much cash today to even consider using out of network ATM and face surcharge.

    Digital Money is here now. Just transfer to a PayPal card and use at ATM to avoid fees. I can’t think of a single CON to being apart of SSFCU.

    ????????


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