Southern Security Federal Credit Union is a member-owned financial cooperative operating with a nationwide branch network and shared branching access across the country. The institution serves both personal and business members, positioning itself as an alternative to traditional banks with a focus on member benefits and ownership participation. The credit union offers a comprehensive suite of personal banking products including no-fee share draft checking accounts with dividend earning potential, savings accounts, certificates of deposit, and money market accounts.
Their lending portfolio includes auto loans (financing up to 115% of vehicle value for cars, trucks, motorcycles, ATVs, RVs, boats, and motor homes), mortgage loans, personal/signature loans, secured loans, construction loans, and home equity lines of credit allowing up to 100% LTV with no closing costs on loans up to $50,000. They also issue a Visa rewards credit card with 1 point per dollar spent, no annual fee, and promotional 0% APR periods. What distinguishes Southern Security is their emphasis on member ownership, their nationwide branch network accessibility, and their willingness to finance 115% of vehicle values on auto loans.
Their mobile banking app includes remote check deposit, customizable alerts, and fund transfers. They offer listed products like guaranteed asset protection (GAP) insurance, mechanical repair coverage through Point Rock Group, and business banking with treasury management services. The institution markets youth accounts with special savings incentives and frames all benefits around member-owner status rather than customer relationships.
The company operates as a legitimate federally-chartered credit union with multiple service channels and competitive product offerings. However, the website provides limited transparency on membership eligibility requirements, actual APR ranges beyond credit card minimums, and specific membership fees or requirements.
