Southern Security Federal Credit Union

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A short history of Southern Security FCU

Since its inception in 1949 the Southern Security Federal Credit Union has been serving its members in the Millington, Tennessee area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Dawn Graeter, the Southern Security FCU has grown its membership to over 23,061 with assets of more than $153,736,183. They have a main office and 11 branch offices. Please see the credit unions website or contact them by phone at (901) 861-1703 or email them at mycu@southernsecurity.org to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Millington, TN.

General Information For Southern Security FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 5974
Address P O Box 39 
City Millington 
State Tennessee 
Zip-Code 38083
Phone Number (901) 861-1703
Fax Number (901) 861-1705
Email Address: mycu@southernsecurity.org
CEO/President Dawn Graeter
Members 23,061 
Full-Time Employees 52 
Part-Time Employees
Number of Branch Offices 11 
Total Assets 153,736,183 
Website http://www.southernsecurity.org 

Compare Southern Security Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
The West Tennessee CU The West Tennessee Credit Union 13690 Highway 51 S 38004 (901) 837-0431 No 6.65
Methodist Healthcare CU Olive Branch 4250 Bethel Rd 38168 (901) 516-5579 No 7.42
First South Financial CU Tiger Banking Center 209 Rawlins Service Ct 38152 (901) 678-4040 No 9.89
Orion CU Whitehaven 3155 Millbranch Rd 38116 (901) 266-2850 No 10.96
L G & W CU LG & W FCU 1616 Whitten Rd 38134 (901) 680-7995 No 12.38

Southern Security Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Southern Security Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 12.90 1.75 3.50 3.75 4.00
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 452 19 147 102 100
Rank Among All Tennessee Credit Unions 39 2 17 17 10

Southern Security Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.05 0.15 0.20 1.00 1.00
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 125 119 114 174 158
Rank Among All Tennessee Credit Unions 13 14 18 12 13
Southern Security Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 12.9001,2841,975,766
All Other Unsecured Loans/Lines of Credit 10.9002,0994,352,542
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 6.550227405,191
New Vehicle Loans 1.75054910,912,928
Used Vehicle Loans 3.5001,87123,001,240
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.75043140,304,130
Total Other Real Estate Loans/Lines of Credit 4.0002004,754,273
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 5.0004133,513,450
TOTAL LOANS & LEASES 7,07489,219,520

Southern Security Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 8813,714,816193,303,100
    b. 15 Years or less 33625,616,548303,786,650
Balloon/Hybrid
    a. > 15 years 5706,77200
    b. 15 Years or less 2265,99400
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 23735,147293,000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 1774,019,126561,456,470
Open-End Fixed Rate 0000
TOTALS 63145,058,4031078,639,220

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Southern Security Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit No
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes