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Southern Security Credit Union Share
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Overview Share
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Southern Security Credit Union is a federal credit union based in Collierville, Tennessee. It has been opened since 1949, for 73 years.

With around $160,400,000 in assets, Southern Security Credit Union is considered to be a large credit union. It has 10 branches and 10 ATM locations.

About Share
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Address P.O. Box 310
Collierville, Tennessee 38027
Website http://www.southernsecurity.org
Phone (901) 861-1703
Fax (901) 861-1705
CEO Dawn Graeter
President of the Board Roland Wilks
Services Offered
Score Card Share
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73 years
Years in business
Opened in 1949
Well Capitalized
Net worth classification
Source: NCUA
19,742 members
Membership type: Multiple common bond – other
Above average number of members
337:1
Credit union member to staff ratio
337 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
$160,403,990
Total assets
Above average
10 branches
Compared with an average of 4 nationally and 3 in Tennessee
Above average number of branches
0.15%
Savings interest rate
Compared to 0.3% nationally
12.00%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches Share
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10 branches
Compared with an average of 4 nationally and 3 in Tennessee
Above average number of branches
Southern Security Credit Union Branch Locations

Southern Security Credit Union: Robinwood
2795 Kirby Whitten Road
Bartlett, Tennessee 38134
No ATM
Southern Security Credit Union: Southaven
6717 Airways Boulevard Suite 100
Southaven, Mississippi 38671
ATM Available
Southern Security Credit Union: Bartlett
8058 US Highway 64
Bartlett, Tennessee 38133
ATM Available
Southern Security Credit Union: Lebonheur
50 North Dunlap Street
Memphis, Tennessee 38103
ATM Available
Southern Security Credit Union: Hickory Hill
3580 Ridge Meadow Parkway
Memphis, Tennessee 38115
ATM Available
Southern Security Credit Union: Pontotoc
2251 Highway 15 North
Pontotoc, Mississippi 38863
No ATM
Southern Security Credit Union: Collierville
765 W. Poplar Avenue
Collierville, Tennessee 38017
ATM Available
Southern Security Credit Union: Auto Zone
123 S. Front Street
Memphis, Tennessee 38103
ATM Available
Southern Security Credit Union: Grenada
1360 Sunset Drive Suite 6
Grenada, Mississippi 38901
No ATM
Members Share
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19,742 members
Membership type: Multiple common bond – other
Above average number of members

With 19,742 members, the Southern Security Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 82% of credit unions.

Fees Share
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$114
Average fee per member
The average fee per member at the Southern Security Credit Union is $114, which is very high compared to most credit unions. This rate is higher than 89% 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 Southern Security Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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337:1
Credit union member to staff ratio
337 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
58 staff members
FTE (full-time equivalent)
11% of employees are part-time
55 full-time, 7 part-time

Southern Security Credit Union has 55 full-time staff members and 7 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 89% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Southern Security Credit Union has around 337 members per staff, a low ratio compared to other credit unions. This is a well staffed credit union.

Assets Share
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$160,403,990
Total assets
Above average
Net worth Share
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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.
10.7%
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 Share
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$13,916
Average loan and lease size
Loan & lease sizes are bigger than average. They are bigger than at 75% of credit unions.

Southern Security Credit Union holds a total of $107,940,000 in loans and leases, which is about $13,916 per member on average.

Savings interest rate Share
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0.15%
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. Southern Security Credit Union pays 0.15%.

Loan rates Share
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12.00%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
10.90%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
6.59%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates Share
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2.99%
New car loan rate
Compared to 4.0% nationally
3.50%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates Share
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5.25%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
3.75%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally

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Similar Credit Unions to Southern Security Credit Union

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Southern Security Credit Union: Hickory Hill
Credit Union Branch: 3580 Ridge Meadow Parkway
Memphis, Tennessee 38115 ATM Available
Southern Security Credit Union: Bartlett
Credit Union Branch: 8058 US Highway 64
Bartlett, Tennessee 38133 ATM Available
Southern Security Credit Union: Robinwood
Credit Union Branch: 2795 Kirby Whitten Road
Bartlett, Tennessee 38134 No ATM
Southern Security Credit Union: Poplar Ave- East Memphis
Credit Union Branch: 3183 Poplar Avenue
Memphis, Tennessee 38111 ATM Available
Southern Security Credit Union: Lebonheur
Credit Union Branch: 50 North Dunlap Street
Memphis, Tennessee 38103 ATM Available
Southern Security Credit Union: Southaven
Credit Union Branch: 6717 Airways Boulevard Suite 100
Southaven, Mississippi 38671 ATM Available
Southern Security Credit Union: Grenada
Credit Union Branch: 1360 Sunset Drive Suite 6
Grenada, Mississippi 38901 No ATM
Southern Security Credit Union: Auto Zone
Credit Union Branch: 123 S. Front Street
Memphis, Tennessee 38103 ATM Available
Southern Security Credit Union: Collierville
Credit Union Branch: 765 W. Poplar Avenue
Collierville, Tennessee 38017 ATM Available
Southern Security Credit Union: Pontotoc
Credit Union Branch: 2251 Highway 15 North
Pontotoc, Mississippi 38863 No ATM