Southern Energy Credit Union Birmingham AL | Best Auto Loans & Business Banking

Introduction

Welcome to Southern Energy, where we believe in empowering our community and enriching the lives of our members. Located at 600 18th St N, Birmingham, AL 35203, we've been a trusted financial partner since our establishment in 1953. With over 90,000 members and total assets exceeding $3.6 billion, we are committed to providing reliable and personalized banking services tailored to your needs. At Southern Energy, we understand that financial decisions can be overwhelming. That's why we offer a wide range of services including personal banking accounts, auto loans, mortgage solutions, credit cards with rewards, and business banking options. Our dedicated team of 174 employees, led by CEO Derrick Ragland and Board President Gregg Shipp, works tirelessly to ensure you receive the best service possible. While members can visit us at our branch for all their financial needs, official correspondence should be sent to the same address: 600 18th St N, Birmingham, AL 35203-2206. With total deposits amounting to $495 million and a net worth of $505 million, you can trust that your finances are in safe hands. We take pride in our strong community impact and strive to foster long-term relationships with our members. Whether you're looking for competitive loan rates or innovative online banking solutions, we're here to support you every step of the way. Ready to experience exceptional service? Call us at 205-257-3601 or visit our website at southernenergycu.org to learn more about how we can help you achieve your financial goals!

Branch History & Mission

A Legacy of Service

Southern Energy was established with the vision of serving its members and supporting local families. As we opened our doors nearly 70 years ago, we aimed to create a welcoming environment where individuals could access essential banking services. Our dedication to fostering financial literacy and empowerment has helped us grow our membership to over 90,641 today. With total assets now exceeding $3.6 billion, Southern Energy has evolved into a trusted institution in Birmingham and beyond. We take pride in being part of our members' journeys whether it's financing a new vehicle or planning for retirement.

Community Connection

Beyond banking, we actively engage in community outreach efforts that make a difference in people's lives. We believe in giving back through partnerships with local organizations and initiatives that support education and economic development. While you can visit us at our physical location for all your banking needs during our lobby hours from 8:15 AM to 4:15 PM on weekdays, you can also reach out anytime at (205) 257-3601 for assistance or inquiries. If you're interested in becoming part of something bigger than just a bank if you want to join a community-focused organization that genuinely cares about its members look no further than Southern Energy. Join us today and experience the benefits of being part of a credit union that values you! For official correspondence or additional information about your membership journey, please note that while we welcome visits at our branch address, you may also send mail to: 600 18th St N, Birmingham, AL 35203-2206. Join us as we continue this journey together! Visit our website for more details on how we can assist you today!

Our Mission

At Southern Energy, our mission is simple yet profound: we are committed to enhancing the financial well-being of our members and strengthening the communities we serve. We offer a variety of personal banking services, including checking and savings accounts, auto loans, mortgages, and credit cards with rewards. Our goal is not just to provide financial products but to build lasting relationships based on trust and transparency. In addition to traditional banking services, we embrace technology by offering online banking options and mobile payments for convenience. Our commitment to accessibility includes ADA compliance measures so that everyone can benefit from our services.

Branch Location & Accessibility

Convenient Access and Amenities

At Southern Energy, we prioritize your convenience. Our branch features ample parking and is designed with accessibility in mind. We ensure that all members can visit us without hassle, complete with ADA-compliant ramps for easy entry. While you can reach us at our branch address for all your banking needs, please note that any official correspondence should be sent to our mailing address: 600 18th St N, Birmingham, AL 35203-2206.

Operating Hours and Services

We are here for you during our lobby hours from 8:15 AM to 4:15 PM, Monday through Friday. Whether you need assistance with personal banking services like checking and savings accounts, auto loans, mortgage refinancing, or even business banking solutions, our friendly team is ready to help. Plus, with an ATM available on-site, cash withdrawals and balance checks are just a few steps away! Although we currently do not offer drive-thru services or shared service centers, our dedicated staff is always on hand to provide personalized support whenever you visit. We invite you to stop by Southern Energy today! If you have any questions or need further assistance before your visit, feel free to give us a call at 205-257-3601. Your financial journey starts here!

Member Eligibility

Becoming a member of Southern Energy is like joining a warm and welcoming family that values your financial well-being. If you're looking to join us, you'll be pleased to know that eligibility is designed to be inclusive and supportive. Generally, membership is open to those who live, work, worship, or attend school in the communities we serve. Whether you're looking for personal banking solutions or business services, Southern Energy offers a range of benefits tailored just for you. To get started, simply visit our branch at 600 18Th St N Birmingham Al 35203, where our friendly team can guide you through the account opening process. You can also reach us at (205) 257-3601 if you have any questions or need assistance. For more details on eligibility requirements, don't hesitate to check out this resource: . Joining Southern Energy is an easy step towards achieving your financial goals with a community that cares about your success!

Business Banking & Commercial Services

Empowering Your Business Growth

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $0 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $5 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $0, we continue to drive economic growth by financing new and expanding businesses.

Practical Merchant Services

In addition to loans, we offer comprehensive merchant services designed to simplify transactions and enhance your customer experience. Imagine having a reliable partner that enables you to accept payments quickly and securely, whether you're operating a retail store or an online business. Our merchant solutions help streamline your cash flow, allowing you to focus on what truly matters growing your business. Visit us at 600 18Th St N Birmingham Al 35203 in Birmingham, AL or call us at (205) 257-3601 to explore how our business banking and commercial services can help you achieve your goals. Let's build a brighter future for your business together!

Comprehensive List Of Services

ATM & Cash Withdrawal Services

Need cash quickly? With our ATM & Cash Withdrawal Services, accessing your funds has never been easier. We provide basic ATM access for withdrawals and balance checks, ensuring that you have convenient access whenever needed. We invite you to explore these services further by visiting us online at Alabama Power Headquarters or giving us a call at (205) 257-3601. Our team is ready to assist you in finding the perfect financial solutions tailored just for you!

Auto Loans & Vehicle Financing

Thinking about purchasing a new car? Our Auto Loans & Vehicle Financing options offer competitive rates that make it easier for you to drive away in the vehicle of your dreams. We understand that buying a car is a significant investment, which is why we work closely with you to find a financing solution that fits your budget.

Business Banking

For entrepreneurs and small business owners, our Business Banking services include merchant services and business loans tailored to help you grow and succeed. We understand the challenges of running a business, so we offer solutions designed specifically for you.

Credit Cards with Rewards

Our Credit Cards with Rewards program lets you earn rewards on every purchase. Whether you're planning a vacation or just want to enjoy some cash back on everyday spending, this card offers benefits that can enhance your financial experience.

Mortgage Loans & Refinancing

Homeownership is within reach with our Mortgage Loans & Refinancing services. Whether you're buying your first home or looking to refinance an existing mortgage, we provide guidance every step of the way. Our team is here to help simplify the process and ensure you find the right loan for your situation.

Online & Mobile Banking

In today's fast-paced world, managing your finances should be easy and accessible from anywhere. Our robust Online & Mobile Banking platforms allow you to perform transactions at any time, whether it's paying bills, transferring funds, or checking account balances.

Personal Banking

Whether you are just starting out or looking to manage your finances more effectively, our Personal Banking services include checking and savings accounts that fit your lifestyle. With options tailored for everyday banking, you can easily manage your money while enjoying features like mobile banking and online account access. Imagine being able to check your balance or transfer funds with just a few taps on your phone it's convenience at its best!

Personal Loans & Debt Consolidation

If you're facing unexpected expenses or looking to consolidate debt, our Personal Loans & Debt Consolidation options can provide the support you need. With flexible terms and straightforward applications, we aim to ease financial burdens while helping you regain control over your finances.

Digital & Online Banking

Key Features

We offer a range of features tailored to make your banking experience smooth and secure. For those who prefer paperless options, e-statements are available so you can keep track of your transactions without the clutter of physical statements. If you need to send money quickly to friends or family, our person-to-person transfer feature makes it simple and fast. Do you enjoy making payments directly from your phone? Our mobile payments feature allows you to do just that! It's convenient for everyday purchases and gives you the flexibility you need when you're out and about. And don't forget about our user-friendly mobile application. You can download it on your smartphone for easy access to all these fantastic features right at your fingertips.

Security You Can Trust

Your security is our top priority at Southern Energy. While we don't currently offer electronic signature authorization, we employ robust security measures to protect your personal information during every transaction. We want you to feel confident when using our digital services. In today's fast-paced world, having reliable online banking is crucial. With Southern Energy, you get a comprehensive suite of tools designed with accessibility in mind. Experience peace of mind knowing that managing your finances is as easy as a click away!

Financial Strength

Community Trust

Total Share Accounts: 181,186, show a strong and growing member base that trusts us with their finances. This trust is built on years of dedicated service since our inception. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Southern Energy is your trusted partner. Visit us at 600 18Th St N Birmingham Al 35203 or call (205) 257-3601 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results.

Investment in Growth

With $20,000,000 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity is further supported by $5,959 in used auto loans and $931,751,118 in total loans and leases. This means that whether you're looking for an auto loan or financing for personal needs, we have the resources to support your financial goals.

Member-Centric Savings Solutions

Members' savings are secured through $1,239,867,156 in share certificates and $23,862,866 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Operational Efficiency

Our $2,556,911 reflects our operational efficiency, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 160 full-time employees and 14 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Strong Financial Health

With a net worth of $504,995,879, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,396 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $97,804,327 in used vehicle loans and $97,882,808 in new vehicle loans already helping members get on the road. Whether you're interested in financing a new or used vehicle, we have options tailored to fit your needs.

Credit Lines and Refinancing Options

For those looking for additional flexibility with their finances, we provide credit lines totaling $953,814,250. These can be particularly useful for managing unexpected expenses or making larger purchases without taking on a traditional loan. If you're considering refinancing existing loans or exploring eligibility options for any of our products, our team is here to guide you through the process. Our branch is located at 600 18Th St N, Birmingham, AL 35203. If you have questions or want to discuss loan options further, feel free to call us at 205-257-3601 during our operating hours from 8:15 AM to 4:15 PM. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. At Southern Energy, we're dedicated to supporting your financial journey with reliable lending solutions that meet your needs today and into the future.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $46,353,576, make buying or refinancing simple. We aim to provide straightforward solutions that simplify the home buying process for our members.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $35,425,468 in loans helping members manage their finances effectively. Our credit cards come with benefits that make it easier for you to handle everyday expenses while building your credit.

Loan Aggregator

Accurate Loan Comparisons

Loan data on LendMesh is sourced directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards, based on the latest results (Source: https://www.ncua.gov ). This commitment ensures that all offers are fair and transparent, giving users confidence in the comparisons they see.

Benefits of Using LendMesh

- Verified Data: Loan offers are sourced from legitimate financial institutions, ensuring transparency. Users can trust that the information presented reflects actual market conditions. - No Sponsored Listings: LendMesh does not prioritize lenders based on paid promotions our goal is to provide unbiased results. Every user receives the same level of access to loan options, regardless of lender relationships. - Real-Time Rate Comparisons: Up-to-date loan rates from multiple institutions help users make informed decisions quickly. By accessing current data, users can avoid missing out on better rates that could save them money over time. Thousands of users trust LendMesh for loan comparisons. One member shared: "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" This kind of feedback highlights the platform's effectiveness and reliability. Compare real-time loan offers today at LendMesh and find the best rates for your needs. Disclaimer: Loan approvals and interest rates are subject to creditworthiness, income verification, and applicable federal and state regulations. Rates may vary based on financial institution guidelines.

SOUTHERN ENERGY CREDIT UNION