Sep, 30, 2025 — SOUTHERN SECURITY FEDERAL CREDIT UNION is a federal credit union headquartered in COLLIERVILLE, TN with 7 branch locations and about $246.94 million in total assets. Opened 77 years ago in 1949, SOUTHERN SECURITY FEDERAL CREDIT UNION has about 18,945 members and employs 57 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SOUTHERN SECURITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 819 Southern Home Rd COLLIERVILLE, TN 38017-9438 |
| Phone: | (901) 861-1703 |
| Fax: | (901) 861-1705 |
| Website: | https://www.southernsecurity.org |
| Branches: | 7 branch locations |
| Members: | 18,945 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5974 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $246,943,156 |
| CEO/Manager: | Dawn Graeter |
| Chairperson: | Roland R Wilks |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,791,853 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 129,715,037 |
| Unsecured Loans | 5,627,239 |
| Other Loans | 45,087,519 |
| TOTAL LOANS | 180,429,795 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,486,057 |
| Land And Building | 9,596,742 |
| Other Fixed Assets | 2,112,499 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,021,441 |
| All Other Assets | 82,900 |
| TOTAL ASSETS | 246,943,156 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 448,896 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,341,513 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 45,263,245 |
| Regular shares | 107,507,237 |
| All Other Shares & Deposits | 69,045,701 |
| TOTAL SHARES & DEPOSITS | 221,816,183 |
| TOTAL LIABILITIES | 226,606,592 |
| Regular Reserve | 0 |
| Other Reserves | -3,500,299 |
| Undivided Earnings | 23,836,863 |
| TOTAL EQUITY | 20,336,564 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 246,943,156 |
| INCOME & EXPENSE | |
| Loan Income | 7,036,734 |
| Investment Income | 851,115 |
| Other Income | 2,042,912 |
| Total Employee Compensation & Benefits | 4,174,573 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,399,770 |
| Non-operating Income & (Expense) | 687,045 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,023,339 |
| Cost of Funds | 1,890,166 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,040,437 |
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