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Old South Credit Union

Overview
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Old South Credit Union is a federal credit union based in Natchez, Mississippi. It has been opened since 1953, for 67 years.

With around $16,830,000 in assets, Old South Credit Union is considered to be a medium size credit union. It has 1 branches and 1 ATM locations.

About
Address 148 North Shields Lane
Natchez, Mississippi 39120
Website http://WWW.OLDSOUTHFCU.COM
Phone (601) 442-4382
Fax (601) 446-9592
CEO Stacy T. Mccann
President of the Board Michael Anderson
Services Offered
Map
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Score Card
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67 years
Years in business
Opened in 1953
Well Capitalized
Net worth classification
Source: NCUA
2,905 members
Membership type: Multiple common bond – primary other manufacturing
Average number of members
363:1
Credit union member to staff ratio
363 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$16,828,424
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 2 in Mississippi
Average number of branches
0.25%
Savings interest rate
Compared to 0.3% nationally
Branches
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1 branch
Compared with an average of 4 nationally and 2 in Mississippi
Average number of branches
Old South Credit Union Branch Locations

Old South Credit Union: Corporate Office
148 North Shields Lane
Natchez, Mississippi 39120
ATM Available
Members
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2,905 members
Membership type: Multiple common bond – primary other manufacturing
Average number of members

With 2,905 members, the Old South Credit Union is considered to be a medium size credit union. It is larger than 44% of credit unions.

Fees
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$110
Average fee per member
The average fee per member at the Old South Credit Union is $110, which is very high compared to most credit unions. This rate is higher than 88% of all credit unions.
Fees are higher than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Old South Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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363:1
Credit union member to staff ratio
363 per each FTE employee
Compared to 411:1 nationally
Average number of staff
8 staff members
FTE (full-time equivalent)
0% of employees are part-time
8 full-time, 0 part-time

Old South Credit Union has 8 full-time staff members and 0 part-time staff members.

The number of members relative to staff members is an indication of how well staffed the credit union is. Old South Credit Union has around 363 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets
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$16,828,424
Total assets
Below average
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
15.5%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$5,736
Average loan and lease size
Loan & lease sizes are very small. They are smaller than at 87% of credit unions.

Old South Credit Union holds a total of $5,970,000 in loans and leases, which is about $5,736 per member on average.

Savings interest rate
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0.25%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Old South Credit Union pays 0.25%.

Loan rates
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9.48%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
7.74%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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5.08%
New car loan rate
Compared to 4.0% nationally
7.82%
Used car loan rate
Compared to 5.2% nationally
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