Sep, 30, 2025 — THE SOUTHERN CREDIT UNION is a federally insured state chartered credit union headquartered in FAYETTEVILLE, GA with 11 branch locations and about $550.19 million in total assets. Opened 63 years ago in 1963, THE SOUTHERN CREDIT UNION has about 30,414 members and employs 77 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | THE SOUTHERN CREDIT UNION |
|---|---|
| Address: (Main Office) | 430 Lanier Ave E FAYETTEVILLE, GA 30214 |
| Phone: | (800) 338-5882 |
| Fax: | (770) 460-3240 |
| Website: | https://www.southernonline.org |
| Branches: | 11 branch locations |
| Members: | 30,414 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68638 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1963 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $550,186,333 |
| CEO/Manager: | Ray B Hull |
| Chairperson: | Morris D Kelly |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 28,605,740 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 80,818,468 |
| Unsecured Loans | 18,356,317 |
| Other Loans | 114,954,177 |
| TOTAL LOANS | 214,128,962 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -911,900 |
| Land And Building | 18,937,999 |
| Other Fixed Assets | 1,755,904 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 4,552,309 |
| All Other Assets | 0 |
| TOTAL ASSETS | 550,186,333 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 846,511 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 7,502,757 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 89,409,584 |
| Regular shares | 252,346,711 |
| All Other Shares & Deposits | 146,266,998 |
| TOTAL SHARES & DEPOSITS | 488,023,294 |
| TOTAL LIABILITIES | 496,372,562 |
| Regular Reserve | 0 |
| Other Reserves | -7,652,227 |
| Undivided Earnings | 61,465,998 |
| TOTAL EQUITY | 53,813,771 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 550,186,333 |
| INCOME & EXPENSE | |
| Loan Income | 9,157,538 |
| Investment Income | 6,049,933 |
| Other Income | 2,279,457 |
| Total Employee Compensation & Benefits | 7,359,199 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 6,599,140 |
| Non-operating Income & (Expense) | -30,375 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 93,592 |
| Cost of Funds | 3,103,950 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,177,894 |
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