Binsy Federal Credit Union was a Memphis, TN-based credit union that merged into Southern Security Federal Credit Union in Collierville, TN as of December 30, 2022.
Editorially reviewed by Harvey Brooks
Binsy Federal Credit Union was a federally chartered credit union headquartered in Memphis, Tennessee. As a member-owned financial institution, it served its membership base through traditional credit union operations. The credit union operated under the regulatory oversight of the National Credit Union Administration (NCUA), the federal agency responsible for chartering and supervising federal credit unions.
The credit union offered standard banking and financial services typical of community credit unions, including deposit accounts, lending products, and member financial services. These services were designed to serve the specific needs of its membership community in the Memphis area.
Binsy Federal Credit Union distinguished itself as a community-focused financial institution serving the Memphis region. Its membership-based structure meant that customers were owners, allowing for member-centric decision-making and product offerings tailored to local financial needs.
However, as of December 30, 2022, Binsy Federal Credit Union ceased to exist as an independent entity. The credit union merged into Southern Security Federal Credit Union, located in Collierville, Tennessee, in a transaction approved by the NCUA. This merger means that former members of Binsy now hold membership in Southern Security Federal Credit Union. Prospective customers seeking services previously offered by Binsy should contact Southern Security Federal Credit Union for current product and service availability.
Yes. Binsy Federal Credit Union is a registered company headquartered in 318 Collins St, Memphis, TN 38112. They hold a NR rating with the Better Business Bureau.
CreditDoc Diagnosis
Binsy Federal Credit Union is not currently operational for new or existing customers, as it merged into Southern Security Federal Credit Union effective December 30, 2022. Former members should contact Southern Security Federal Credit Union to manage their accounts. This profile is provided for historical reference and merger documentation purposes only.
ACE Cash Express offers small emergency loans, title loans, check cashing, and financial services through physical store locations and online channels.
Best for: Consumers needing same-day or next-day cash who lack traditional bank access, Vehicle owners seeking title loans as collateral-based borrowing alternative
Advance America provides payday loans ($100–$500), installment loans (up to $1,000), and title loans (up to $25,000) with same-day funding at physical locations and online.
Best for: Consumers with urgent cash needs between paychecks who can repay within 2–4 weeks, Borrowers with vehicle equity who need $2,000+ and own paid-off cars with clear titles
Memphis bankruptcy law firm specializing in Chapter 7 and Chapter 13, with qualifying clients eligible for $0 upfront attorney fees on Chapter 13 cases.
Best for: Memphis-area individuals considering Chapter 13 who cannot afford upfront legal fees, Debtors with complex financial situations who benefit from an attorney with a CPA background
Learn what makes up your credit score, how it's calculated, what the ranges mean, and how to check yours for free.
Read guide →Your credit report contains the raw data behind your score. Learn what's in it, how to read it, and how to dispute errors that could be dragging your score down.
Read guide →Klarna, Afterpay, Affirm — they make spending easy. But what happens to your credit score when you use them? Here's what the fine print doesn't tell you.
Read guide →Affiliate Disclosure: CreditDoc may earn a commission when you click links to Binsy Federal Credit Union and other services. These commissions help us maintain our free research. Our editorial team independently evaluates all services. Compensation does not influence our ratings or rankings. Learn more.