Southern Security Credit Union Memphis TN | Best Auto Loans & Business Banking

Introduction

Welcome to Southern Security, your trusted financial partner located at 3183 Poplar Ave, Memphis, TN 38111. Since our establishment in 1949, we have proudly served our community, building strong relationships with our 19,639 members. As a credit union dedicated to your financial well-being, we offer a variety of services that cater to your personal and business needs. At Southern Security, we understand that managing your finances can be challenging. That's why we're here to simplify the process. With total assets exceeding $238,734,879 and total deposits amounting to $14,980,666, our solid financial foundation allows us to provide you with competitive loans and savings options. Whether you're looking for an auto loan, mortgage refinancing, or a straightforward checking account, we've got you covered. Our leadership team is committed to ensuring you receive exceptional service. Led by CEO Dawn Graeter and Board President Roland Wilks, our dedicated staff of 55 employees works tirelessly to support your financial goals. We pride ourselves on being more than just a bank; we are part of the fabric of this community. While members can visit us at 3183 Poplar Ave, official correspondence should be sent to PO Box 310, Collierville, TN 38027. For inquiries or assistance, feel free to reach out at 901-452-7900. Join us today and experience the difference with Southern Security! Visit our website at southernsecurity.org for more information or stop by during our lobby hours: Monday through Thursday from 8:30 AM to 5:00 PM and Friday until 5:30 PM. We look forward to serving you!

Branch History & Mission

At Southern Security, we pride ourselves on a rich history of serving the Memphis community. Founded in 1949, our branch has grown from humble beginnings into a trusted financial partner for nearly 20,000 members. Located at 3183 Poplar Ave, Memphis, TN 38111, we stand as a beacon of support and service in the heart of Shelby County. Our mission is simple yet profound: to provide exceptional financial services while fostering community growth and well-being. We believe that banking should be accessible to everyone, and that's why we offer a wide range of services, including personal banking, auto loans, mortgage financing, and business banking solutions. Our commitment goes beyond transactions; we strive to build lasting relationships with our members, empowering them to achieve their financial goals. While you can visit us at our branch address for all your banking needs, official correspondence should be directed to PO Box 310, Collierville, TN 38027. This ensures that your communications reach us efficiently. Over the years, Southern Security has achieved significant milestones. With total assets amounting to an impressive $238,734,879, we've positioned ourselves as a reliable institution dedicated to our members' financial security. Our services have evolved with technology offering online banking, mobile payments, and electronic signatures to make managing finances easier than ever before. We also recognize the importance of being there for our community outside traditional banking hours. That's why we provide drive-thru service and ATM availability for added convenience. Our operating hours are Monday through Thursday from 8:30 AM to 5:00 PM and Friday until 5:30 PM. These extended hours reflect our dedication to meeting our members' needs. Southern Security takes pride in its partnerships within the community. We actively participate in outreach efforts aimed at supporting local initiatives and helping those in need. Whether it's through financial education or local sponsorships, we believe that investing in our community strengthens us all. As we look to the future, our focus remains on serving you better every day. If you're looking for a credit union that cares about your financial well-being and supports the community you live in, consider joining Southern Security today! Experience firsthand the benefits of membership with us by visiting our website or giving us a call at 901-452-7900. Together, let's build a brighter financial future!

Branch Location & Accessibility

Accessibility Features

At Southern Security, we prioritize making banking accessible for everyone. Our location features ADA-compliant entrances and ramps, ensuring easy access for all members. Parking is plentiful and convenient, so you won't have to worry about finding a spot when you arrive.

Get in Touch

Have questions? We're just a phone call away at 901-452-7900. Whether you're looking for information on services or want to learn more about membership opportunities, don't hesitate to reach out! We invite you to visit us soon and discover how Southern Security can support your financial journey.

Operating Hours

We are here for you during the week! Our lobby hours are Monday through Thursday from 8:30 AM to 5:00 PM and Friday from 8:30 AM to 5:30 PM. Whether you need to open an account or ask about loans, our friendly staff is ready to assist you within these hours.

Services Offered

Our branch offers a variety of services tailored to meet your needs. From personal banking options such as checking and savings accounts to auto loans and mortgage refinancing, we have everything covered. Need a quick transaction? Our drive-thru service makes it simple for deposits and withdrawals without leaving your car. Plus, with ATM availability on-site, you can access cash anytime. If you're a member of a partner credit union, you can also take advantage of our shared service center for basic transactions like deposits and withdrawals.

Member Eligibility

At Southern Security, we believe that becoming a member means joining a welcoming community where your financial needs are understood and prioritized. If you live, work, or go to school in the area, you're likely eligible to join us! We embrace individuals from various walks of life, making it easy for you to access our services and enjoy the benefits of membership. To learn more about the specific eligibility criteria, feel free to visit our website. It's packed with detailed information that can help clarify any questions you might have. Opening an account with us is straightforward and friendly. You can start your journey toward membership by visiting our account opening page here: http://www.southernsecurity.org/auto. If you have any questions or would like to speak with someone directly, don't hesitate to give us a call at (901) 452-7900. We're excited to welcome you into the Southern Security family, where your financial well-being is our top priority!

Business Banking & Commercial Services

Commercial Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $26 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $6 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $6,383,980, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services

In today's fast-paced market, having efficient payment solutions is crucial. Our merchant services help businesses accept payments easily and securely, whether in-store or online. Imagine a local café processing orders swiftly during morning rush hour or a boutique managing sales seamlessly at a weekend craft fair. Our services empower you to focus on what matters most growing your business. Located at 3183 Poplar Ave Memphis Tn 38111, Memphis, TN 38111, we're here to partner with you every step of the way. For more information, give us a call at (901) 452-7900 or visit our website at https://southernsecurity.org/. Let's take your business to new heights together!

Comprehensive List Of Services

Business Banking

For entrepreneurs and small business owners, we offer comprehensive business banking solutions. From merchant services that streamline payment processing to flexible business loans, we aim to support your growth every step of the way.

Convenient Access

We know convenience is key in today's busy world. That's why we provide an array of ATM services for easy cash withdrawals and balance checks right when you need them. Our basic drive-thru banking allows for quick deposits and withdrawals without leaving your car a perfect solution for those on the go! Additionally, if you're a member of a partner credit union, you'll appreciate our basic shared branch transactions that let you conduct deposits and withdrawals with ease.

Personal Banking

Our personal banking services are designed with you in mind. We offer checking and savings accounts that make everyday banking simple and accessible. Imagine being able to manage your funds effortlessly with online and mobile banking features. With our user-friendly mobile app, you can check your balance, transfer money, and even make payments right from your phone. For those looking to finance their next vehicle, our auto loans and vehicle financing options provide competitive rates to help you drive away in the car of your dreams. If homeownership is on your horizon, explore our mortgage loans and refinancing services that come with personalized support throughout the process. Need some extra cash? Our personal loans and debt consolidation services can assist in managing expenses or consolidating high-interest debts into one manageable payment. Additionally, our credit cards with rewards allow you to earn while you spend perfect for those who love to travel or shop.

Why Choose Southern Security?

At Southern Security, we pride ourselves on making banking not just accessible but also pleasant. With our friendly staff available at 901-452-7900, we are here to answer any questions and guide you through our various offerings. Whether you're managing personal finances or running a business, our comprehensive suite of services ensures that you'll find exactly what you need under one roof. Visit us today at our Memphis location or check out more information on our website at southernsecurity.org. We invite you to experience the difference at Southern Security!

Digital & Online Banking

Additional Benefits

Ever needed to send money to a friend? Our person-to-person transfer feature makes it easy and fast. And if you love using mobile payments, we've got you covered with that too! Enjoy the convenience of paying for purchases directly from your device. With all these features designed for ease-of-use and real-time account management, Southern Security is committed to providing a user-friendly experience that keeps your financial needs at the forefront. Experience the future of banking with us today!

Key Features

Our online banking platform allows you to check your account balances, transfer funds, and pay bills all from the comfort of your home or on-the-go. You can also enjoy the peace of mind that comes with electronic signature authorization, making transactions quick and hassle-free. For those who prefer paperless options, e-statements are readily available, allowing you to keep track of your financial activities without cluttering your mailbox. Plus, if you're always on the move, our mobile application gives you access to everything you need right from your smartphone.

Financial Strength

Growing Together

With a total of 39,798 share accounts, we have built a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments) stand at $0, further enhancing our ability to meet your needs. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Southern Security is your trusted partner. Visit us at 3183 Poplar Ave Memphis Tn 38111 or call (901) 452-7900 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.

Investing Back into Our Community

With $22,462,573 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 robust, with $1,240 in used auto loans and $152,241,322 in total loans and leases supporting your financial goals across various sectors.

Member Savings Security

Members' savings are secured through $29,749,814 in share certificates and $19,413,948 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 financial success is reflected in our $294,416, which showcases our operational efficiency. This efficiency allows us to continue offering competitive loan rates and solid financial products for our members. We take pride in having 54 full-time employees and 1 part-time employees dedicated to serving you with a knowledgeable and committed team.

Our Financial Health

With a net worth of $23,493,414, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 9.84% 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 $20,786,036 in used vehicle loans and $11,183,351 in new vehicle loans already helping members get on the road. We make financing straightforward and accessible, allowing you to focus on what matters driving your new or used vehicle without financial stress.

Business Financing

For business owners, our outstanding commercial loans totaling $6,383,980 provide the capital needed to grow and expand. Whether you're starting a new venture or looking to enhance an existing one, our team can assist you in finding the right financing solutions tailored to your business needs.

Credit Lines

Our total credit lines amounting to $79,227,475 offer flexibility for those who may need access to funds at any time. This product helps manage cash flow effectively while giving peace of mind knowing that funds are available when required. At Southern Security located at 3183 Poplar Ave Memphis TN 38111, we pride ourselves on making the lending process as smooth as possible. If you're unsure about eligibility or want more information on our refinancing options, don't hesitate to reach out! You can contact us at 901-452-7900 during our operating hours: Monday - Thursday from 8:30 AM to 5:00 PM and Friday from 8:30 AM to 5:30 PM. For additional performance insights and financial data sourced from the National Credit Union Administration (NCUA) at https://www.ncua.gov, please check our website for more information on how we can assist you in achieving your financial dreams!

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $8,878,675, make buying or refinancing simple. We provide flexible terms and competitive rates that suit various budgets and needs. If you're considering refinancing your existing mortgage, our team is here to guide you through the process.

Unsecured Credit Card Loans

Managing finances effectively is crucial. We also offer flexible terms on unsecured credit card loans, with a total of $2,727,931 in loans helping members navigate their expenses with ease. This option allows for greater control over your spending while providing the convenience of credit when you need it most.

Loan Aggregator

Benefits of Using LendMesh

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How LendMesh Ensures Accurate 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 fair and transparent offers to all users. LendMesh prioritizes transparency in its operations. All loan offers are sourced from legitimate financial institutions, which guarantees that the information presented is trustworthy. Unlike many other platforms, LendMesh does not feature sponsored listings; lenders are not prioritized based on paid promotions. The focus remains on providing unbiased results to help users make informed decisions.

SOUTHERN SECURITY FEDERAL CREDIT UNION - Memphis, TN

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