Sep, 30, 2025 — SOUTHERN CREDIT UNION is a federally insured state chartered credit union headquartered in CHATTANOOGA, TN with 1 branch location and about $19.14 million in total assets. Opened 83 years ago in 1943, SOUTHERN CREDIT UNION has about 1,686 members and employs 5 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 CREDIT UNION |
|---|---|
| Address: (Main Office) | 508 National Ave CHATTANOOGA, TN 37404 |
| Phone: | (423) 629-2578 |
| Fax: | (423) 624-0987 |
| Website: | https://www.southerncu.com |
| Branches: | 1 branch locations |
| Members: | 1,686 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66980 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1943 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $19,138,259 |
| CEO/Manager: | Cindy Beale |
| Chairperson: | Sandra Wallis |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,459,396 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 809,154 |
| Unsecured Loans | 1,065,414 |
| Other Loans | 5,745,409 |
| TOTAL LOANS | 7,619,978 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -54,184 |
| Land And Building | 89,781 |
| Other Fixed Assets | 3,421 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 163,925 |
| All Other Assets | 0 |
| TOTAL ASSETS | 19,138,259 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 172,081 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,828,024 |
| Regular shares | 7,254,479 |
| All Other Shares & Deposits | 6,653,218 |
| TOTAL SHARES & DEPOSITS | 16,735,721 |
| TOTAL LIABILITIES | 16,907,802 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,230,457 |
| TOTAL EQUITY | 2,230,457 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 19,138,259 |
| INCOME & EXPENSE | |
| Loan Income | 407,325 |
| Investment Income | 205,562 |
| Other Income | 49,036 |
| Total Employee Compensation & Benefits | 248,387 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 262,517 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 31,300 |
| Cost of Funds | 196,956 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -67,171 |
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