# SOUTHERN SECURITY
Collierville, TN · NCUA charter 5974 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/southern-security-5974

Who the members are: federal charter, multiple common bond, organized 1949, low-income designated. 18,650 members of 1,177,120 potential (1.6% of the field); checking penetration 62% (share draft accounts per 100 members); loans per 100 members 28.

**Verdict on the desk:** this could be *ordinary*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $249.1M |
| Members | 18,650 (-3.3% YoY) |
| Full-time staff | 59 |
| Net worth | $25.5M |
| Net worth ratio | 10.3% (p33 of band) |
| ROA (annualized) | 0.47% (p34 of band) |
| Total delinquency | 1.42% (p91 of band) |
| Net charge-offs (annualized) | 0.43% (p53 of band) |
| Loans / shares | 81% (p67 of band) |
| Cash / assets | 7.4% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.25% (p29 of band) |
| Operating expense / assets | 4.26% (p74 of band) |
| Vehicles % of loans | 16% (p15 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p9 of band) |
| Vehicle delinquency | 2.23% (p95 of band) |
| Vehicle NCO | 2.08% (p92 of band) |
| Repossessed % of vehicle book | 0.25% (p88 of band) |
| Real estate % of loans | 64% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 80% |
| Core shares % of member funds | 69% |
| Certificates % of member funds | 18% |
| Average share balance | $5,781 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $3.3M |
| Loans outstanding per 100 members | 28% |
| Loans granted per 100 members, annualized | 4% |
| Average loan balance | $34,686 |
| Loans granted, annualized | $61.5M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $3.3M outstanding purchased (12.9% of net worth), $104 sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares 3.2% year over year.

## Flags firing in the latest filing

- **delinquency 2x band** (`aq_dq_high`)
- **members leaving** (`shrink_members`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 2017-12 | 1 | delinquency rising |  |
| 2018-03 | 1 | members leaving | delinquency rising |
| 2018-06 | 3 | delinquency 2x band, delinquency rising |  |
| 2018-09 | 1 |  | delinquency 2x band, delinquency rising |
| 2018-12 | 1 |  |  |
| 2019-03 | 0 |  | members leaving |
| 2019-06 | 0 |  |  |
| 2019-09 | 2 | delinquency 2x band, delinquency rising |  |
| 2019-12 | 0 |  | delinquency 2x band, delinquency rising |
| 2020-03 | 0 |  |  |
| 2020-06 | 1 | net worth falling |  |
| 2020-09 | 2 | margin squeeze |  |
| 2020-12 | 3 | thin capital |  |
| 2021-03 | 3 |  |  |
| 2021-06 | 3 |  |  |
| 2021-09 | 1 |  | net worth falling, margin squeeze |
| 2021-12 | 1 |  |  |
| 2022-03 | 2 | net worth falling |  |
| 2022-06 | 2 | delinquency rising | net worth falling |
| 2022-09 | 2 |  |  |
| 2022-12 | 0 |  | thin capital, delinquency rising |
| 2023-03 | 0 |  |  |
| 2023-06 | 0 |  |  |
| 2023-09 | 1 | delinquency rising |  |
| 2023-12 | 1 |  |  |
| 2024-03 | 2 | repo signal |  |
| 2024-06 | 2 | delinquency 2x band | repo signal |
| 2024-09 | 2 |  |  |
| 2024-12 | 2 |  |  |
| 2025-03 | 2 |  |  |
| 2025-06 | 3 | net worth falling, members leaving | delinquency rising |
| 2025-09 | 2 |  | net worth falling |
| 2025-12 | 2 |  |  |
| 2026-03 | 2 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2025-09-17 [What's that under construction at Southern Home and South Byhalia roads in Collierville? - The Commercial Appeal](https://news.google.com/rss/articles/CBMi2AFBVV95cUxObkFMYlRIWEtLcUlJVmNxeDE1Q3hQTm9waHdzYVBSeTJkeElnNUN5T1I1dFVKaVhyN3VNOC1hdURmZlY5Q2xkSmlBU2FhbHFTM0NOQVpMVTBaTHNCZmN2SXQ2RU56dWZCX015MjFDakZaUmM5MWNfRE1XWnhNM2ZoaHBPaS1wVHUzOEVHUnY1VjN5MWdXWHRKaEdfY0FjWURxUFRERlZCM1lZV3lLMEgybWswbG41ZDI3MTRYY0RzNDZjY29SWVBpUEFnUW1VMkJTUFB5cTRZeWY?oc=5) · The Commercial Appeal
- 2026-07-23 [Underprivileged youth receive free stuffed backpacks in back-to-school giveaway - Action News 5](https://news.google.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?oc=5) · Action News 5
- 2026-01-15 [Collierville institution opens new $8M headquarters - The Business Journals](https://news.google.com/rss/articles/CBMipwFBVV95cUxOZlZLV0k2dExRWlVINjBRcXlVeUVmMW94QmhrV0trVHVUWEJsNzNHOGxVVHhrUFltN2ZiMExsN3hZQnprU2htdlk5aVRZeXJQdGdnUUxnbGxmYjVIQmRZZVJQZFQ2R3huT005SHFwR1RWZzN6T0JKVlR2WmZCcklMaVhUbFFQSDItZ1ItLUhHUE5EVnFpT3o3SXNReF9kNzhFRFpZVlgybw?oc=5) · The Business Journals
- 2023-05-12 [Banking news roundup, May 12, 2023 - American Banker](https://news.google.com/rss/articles/CBMid0FVX3lxTE9aU2l0LXVNUmdFN09yWll5cDgwMGphOEEwWGVfTWRvWjdBUm1IZUxSNjN0V1NvVWR0ci1DcExTTUl3Q2hCQkYtOExtYkhWR2gwdWU5SVZNWDlJWU4tbzQya1BGaVZBcXZSQ21WdVFHb25sYjliM2Jr?oc=5) · American Banker
- 2022-07-07 [Donations needed: How you can help students with Youth Villages prepare for school - localmemphis.com](https://news.google.com/rss/articles/CBMi9wFBVV95cUxPWTd1QWdQU0Fyb0h6LUlQMW1NX2tvMFVjTWdSWFNGZUdHQ2liMnY5Mnd3emZIbVF2VU8zR2I2SExOdFRpdGJwbm1FWGE1YzRBQjFjdGhyRE9aM3kzdndUTm9KYkxIYllFNjliX2QzZk54MWdMaW1aN1BIdjlPMlpmUEtqQkJZMVpwVFF5TWhoQjNseDZxOW1qT29LQWpnaHM3Ni1RUk1MNWlHUWFCZF9pVjZ3ajlPZkZWZV9rSmViOVpfXzhnYnE2RThfZW9ySVRralViSldfNUttOXBITHVlOHZfQWluWjVUOFlpeU9kRWJ5dGNBVFRv?oc=5) · localmemphis.com
- 2024-11-18 [What's that under construction at Southern Home and South Byhalia in Collierville? - The Commercial Appeal](https://news.google.com/rss/articles/CBMi1AFBVV95cUxNc1BONmxCa0FFSWRwdXVNMHNUeDREelFJcGNDaW1ycU05WEFiMXZzWU5fM3lhSjl3R1FNVURyNVlZM0k1WGtIMThVMWk5dnlybTl4MnBCZk1hSDZpWDFQc3F1dFIwYWJWeEZBcU5aOUF6VlVnQVZYSDVKb3ZhVE5VRFZ1RW9oZ0JRZlVqOWU5dURGeWFrOUE5bFdNV2YtY0gwcnFXaE1YejlUbExmbEU1bUF0cXdoMjR4RGV5Snpvb2h6WDRIMlFfd2JPSHZmbjJMbVpRSg?oc=5) · The Commercial Appeal
- 2023-09-21 [Collierville-based Southern Security starts construction on new headquarters - The Business Journals](https://news.google.com/rss/articles/CBMipwFBVV95cUxPQWo4amV5N2Juc0JmRlA4eFNDbWE2eDVPWVVwcFMybUtBUzd2c1lmN2xWWk5Sbi1HYURtNW45YzZGbDdYdldRWnFxT3p3Z3lDZGVUMVQ4Wm9YUzZRYmdNMXI1MC03czFkNmdyWUh4SFY4TWthaUxpVkNsbWV4QUZqaEFJYXYwaWdidkxHUWNvdFRsUzJYTGY5R21iN20xREx4Y25KMF9Edw?oc=5) · The Business Journals
- 2026-07-07 [Youth Villages Backpack Heroes campaign accepting donations through July 17 - Action News 5](https://news.google.com/rss/articles/CBMivgFBVV95cUxPSG1OLVA1ekg4MFNBWXJDR2dvUnNyNmpRQ1drSzhwUVdjdTc4ZEpqcEl1a0VPUEVaMnhySFY2XzM5bFhFeWpoUVktQ2NoR2U0RHVIcDgwNFJiVk1NU1F5VTZaU3RFbXBFQmJnVE1yekpTdC1oUkdOX2J6dWtqMmxIM3hFYkp4bnptb25xVTBpNFdyamtnZnlQLWh3NFFxS3FFekZBQWJUeVVLV0l4anJ6UjZSTC1FcXoyX0NsZEtR?oc=5) · Action News 5

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=5974 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/22.json (key "5974", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=5974
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide