Social Security Credit Union

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A short history of Social Security CU

Since its inception in 1947 the Social Security Credit Union has been serving its members in the BIRMINGHAM, Alabama area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Carolyn Simmons, the Social Security CU has grown its membership to over 3,529 with assets of more than $30,591,738. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (205) 323-7028 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in BIRMINGHAM, AL.

General Information For Social Security CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 61391
Address PO BOX 937 
State Alabama 
Zip-Code 35201
Phone Number (205) 323-7028
Fax Number (205) 323-0117
Email Address:
CEO/President Carolyn Simmons
Members 3,529 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 30,591,738 

Compare Social Security Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Alabama Postal CU Alabama Postal Credit Union postal Credit Union 351 24th St N 35202 (205) 252-4812 No 0.12
Jefferson Credit Union CU Hoover 5261 Ross Bridge Pkwy 35226 (205) 444-4528 No 0.34
Apco Employees CU Jasper 706 20th Ave E 35501 (205) 221-4238 No 0.69
City Of B'ham General Employees CU City of Birmingham General Employees Credit Union 708 17th St N 35203 (205) 583-4654 No 0.86
America's First CU Pelham Branch 10 Racquet Club Pkwy 35124 (205) 663-1945 No 1.05

Social Security Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Social Security Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 13.90 4.80 4.80 4.50 7.50
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 493 375 301 205 457
Rank Among All Alabama Credit Unions 32 43 28 16 44

Social Security Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.25 0.30 0.25 0.25
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 95 97 310 266
Rank Among All Alabama Credit Unions N/A 16 12 39 30
Social Security Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 13.9007551,577,141
All Other Unsecured Loans/Lines of Credit 15.9001,1901,248,731
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 4.800681,366,377
Used Vehicle Loans 4.8005386,625,483
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.500846,835,487
Total Other Real Estate Loans/Lines of Credit 7.5009130,258
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 7.50012,131
TOTAL LOANS & LEASES 2,64517,785,608

Social Security Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 0000
    b. 15 Years or less 776,382,92512956,528
    a. > 15 years 0000
    b. 15 Years or less 7452,5621120,000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 0000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 9130,258410,523
Open-End Fixed Rate 0000
TOTALS 936,965,745171,087,051


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Social Security Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay No
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing No
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes