Southern Credit Union

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A short history of Southern CU

Since its inception in 1933 the Southern Credit Union has been serving its members in the Chattanooga, Tennessee 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 Cindy Beale, the Southern CU has grown its membership to over 2,639 with assets of more than $22,737,195. They have a main office and 2 branch offices. Please see the credit unions website or contact them by phone at (423) 629-2578 or email them at southerncu@aol.com to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Chattanooga, TN.

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

Charter Number 66980
Address P.O. Box 3490 
City Chattanooga 
State Tennessee 
Zip-Code 37404
Phone Number (423) 629-2578
Fax Number (423) 624-0987
Email Address: southerncu@aol.com
CEO/President Cindy Beale
Members 2,639 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 22,737,195 
Website http://www.southerncu.com 

Compare Southern Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Epb Employees CU Main Office 1500 McCallie Ave 37404 (423) 648-3413 No 1.03
Chattanooga Area Schools CU CASFCU 1201 Bailey Ave 37404 (423) 624-9094 No 1.10
Healthcare Services CU Main Office 946 E 3rd St 37403 (423) 242-4728 No 2.00
Times Free Press CU Times Free Press Credit Union 400 E 11th St 37403 (423) 757-6259 No 2.21
Tennessee Valley CU Kimball Branch 405 Dixie Lee Center Rd 37347 (423) 634-5500 No 2.67

Southern Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Southern 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 12.00 2.50 3.50 4.50 5.75
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 411 84 147 205 317
Rank Among All Tennessee Credit Unions 36 19 17 37 29

Southern Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.10 0.20 0.55 0.60 0.60
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 116 108 55 240 211
Rank Among All Tennessee Credit Unions 11 11 6 28 26
Southern Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 12.000282399,348
All Other Unsecured Loans/Lines of Credit 6.5001,1207,142,061
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.50026230,002
Used Vehicle Loans 3.500157870,114
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.500351,692,944
Total Other Real Estate Loans/Lines of Credit 5.75016,800
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 2.55035147,707
TOTAL LOANS & LEASES 1,65610,488,976

Southern Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

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 351,692,94400
Balloon/Hybrid
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 16,80000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 0000
Open-End Fixed Rate 0000
TOTALS 361,699,74400

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

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

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