# SOUTHERN
Chattanooga, TN · NCUA charter 66980 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/southern-66980

Who the members are: state charter, organized 1943, low-income designated. 1,632 members of 2,000 potential (81.6% of the field); checking penetration 34% (share draft accounts per 100 members); loans per 100 members 57.

**Verdict on the desk:** this could be *stressed*. Composite score 6 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $18.2M |
| Members | 1,632 (-5.9% YoY) |
| Full-time staff | 5 |
| Net worth | $2.2M |
| Net worth ratio | 11.9% (p30 of band) |
| ROA (annualized) | -0.52% (p15 of band) |
| Total delinquency | 1.55% (p72 of band) |
| Net charge-offs (annualized) | 0.76% (p81 of band) |
| Loans / shares | 46% (p32 of band) |
| Cash / assets | 57.6% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.01% (p19 of band) |
| Operating expense / assets | 3.70% (p52 of band) |
| Vehicles % of loans | 72% (p69 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 1.77% (p77 of band) |
| Vehicle NCO | 0.28% (p76 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 9% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 16% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 62% |
| Certificates % of member funds | 25% |
| Average share balance | $6,084 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $140,783 |
| Loans outstanding per 100 members | 57% |
| Loans granted per 100 members, annualized | 24% |
| Average loan balance | $7,895 |
| Loans granted, annualized | $3.5M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $140,783 outstanding purchased (6.5% of net worth), $0 sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares -13.1% year over year.

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **delinquency 2x band** (`aq_dq_high`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)
- **loan book shrinking** (`shrink_loans`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | repo signal |  |
| 2016-06 | 3 | losing money, delinquency 2x band |  |
| 2016-09 | 3 |  |  |
| 2016-12 | 1 | net worth falling | repo signal, losing money, delinquency 2x band |
| 2017-03 | 4 | delinquency 2x band, repo signal, loan book shrinking |  |
| 2017-06 | 4 | members leaving | net worth falling |
| 2017-09 | 3 |  | repo signal |
| 2017-12 | 3 | repo signal | delinquency 2x band |
| 2018-03 | 3 | delinquency 2x band | loan book shrinking |
| 2018-06 | 1 |  | repo signal, delinquency 2x band |
| 2018-09 | 0 |  | members leaving |
| 2018-12 | 2 | repo signal, members leaving |  |
| 2019-03 | 4 | losing money, assets shrinking |  |
| 2019-06 | 2 | delinquency 2x band | repo signal, members leaving, losing money |
| 2019-09 | 4 | delinquency rising, members leaving |  |
| 2019-12 | 2 |  | delinquency rising, members leaving |
| 2020-03 | 3 | losing money, members leaving | delinquency 2x band |
| 2020-06 | 6 | net worth falling, margin squeeze, delinquency 2x band, loan book shrinking | assets shrinking |
| 2020-09 | 6 |  |  |
| 2020-12 | 3 |  | net worth falling, delinquency 2x band, loan book shrinking |
| 2021-03 | 3 |  |  |
| 2021-06 | 5 | net worth falling, loan book shrinking |  |
| 2021-09 | 5 | auto monoline | net worth falling |
| 2021-12 | 3 |  | losing money, auto monoline |
| 2022-03 | 7 | net worth falling, losing money, delinquency 2x band, delinquency rising, auto monoline | margin squeeze |
| 2022-06 | 5 |  | loan book shrinking, net worth falling |
| 2022-09 | 5 |  |  |
| 2022-12 | 5 | assets shrinking, leaning on borrowings | delinquency 2x band, delinquency rising |
| 2023-03 | 4 |  | leaning on borrowings |
| 2023-06 | 4 |  |  |
| 2023-09 | 5 | net worth falling |  |
| 2023-12 | 4 |  | members leaving |
| 2024-03 | 5 | members leaving |  |
| 2024-06 | 8 | delinquency 2x band, delinquency rising, repo signal |  |
| 2024-09 | 5 |  | net worth falling, delinquency 2x band, delinquency rising |
| 2024-12 | 5 | delinquency 2x band, delinquency rising | assets shrinking, repo signal |
| 2025-03 | 6 | net worth falling |  |
| 2025-06 | 5 | assets shrinking | delinquency rising, net worth falling |
| 2025-09 | 7 | delinquency rising, loan book shrinking |  |
| 2025-12 | 7 |  |  |
| 2026-03 | 6 |  | delinquency rising |

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

- 2026-05-23 [Ralph Freeman's Obituary, Visitation & Funeral Information - Taylor Funeral Home of Chattanooga, Inc.](https://news.google.com/rss/articles/CBMibEFVX3lxTFBuTV94emFET1BydkQzckN5QVBnSlJPVVBqcms0NGpEZDhYb0NaUnNrLVdQN2FMV09XMHIydG5rRERrVGJTQTd5WWYtQ0dvWjlZMUdlRzNYX3VNYzhuYkRhdkZEVTZEUDF2OEFrNw?oc=5) · Taylor Funeral Home of Chattanooga, Inc.
- 2025-10-08 [Southern Energy Credit Union welcomes Andy Rush as new President and CEO - CUInsight](https://news.google.com/rss/articles/CBMiswFBVV95cUxNQlAwOV9nWndlMFQ3cUs1V3BZTy1tWkxPNEg5M2RnU1NTUEkzOHQ2ejRyNmRWTGhMVWc2QXZyYnZJMDB5OHRjQ0dkUk1YeGVsQ1VGTlUzbW9ySk9sam1EYTM2SWIzR0dlMkplUVI0VEZPMTRqV09SNnZQU1I5ay1PcC0wcHpxb2FIVHIwTTFmcTRwd0pjaGZZR2lZYlFyNzM0Z0M2dTNwVGE2eHZ0ZVp0dW1qOA?oc=5) · CUInsight
- 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
- 2026-06-30 [Hicks, Grady Lewis - Chattanoogan.com Breaking News](https://news.google.com/rss/articles/CBMid0FVX3lxTE9xQ3I3UDRaVlB2QnpmZWgwQjdyVDlaLVk1T3U3MGVtSHNTdktkcDczZUdKMXpaMlNva1dId2hPYkxLYmhveUk4ZWg1a3N1aG03SlhocUp5RUt1LWc0Y2NBT2tNdGhPZDlBcENDZjVaSFZWWlRRY2pj?oc=5) · Chattanoogan.com Breaking News
- 2026-01-28 [The Black Crowes & Whiskey Myers Announce Massive Co-Headlining Southern Hospitality Tour - Live Nation Newsroom](https://news.google.com/rss/articles/CBMiwwFBVV95cUxQT3o2UV9GOERXdGpPY1VCMjJKOTVHYWJFY0hFaDk3YmFlTUdOZVF6UzhheTZuZmJORFQ2OE53MHdDR05ZUkpLZ0dCZUg2UEdNVG9GaElZQ1JnTVZqQ1oyMHA5MTkzZHFhQ2YwMG5TTW9QSk83aXRfT1k1MTdQSnpPNklMSUUyMk4wcU9PLVpZUUZtYXlyYTZ1UVZ2ck5SNFRCQVp4LWVZSE54Q2ZyWjlDeGxDWENZU0dvUEpKdW9qSmsyZnM?oc=5) · Live Nation Newsroom
- 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
- 2024-07-02 [2012-2024 List Of Failed Credit Unions - Bankrate](https://news.google.com/rss/articles/CBMib0FVX3lxTFBqUTBmbUhvaEh6UXpMOERnZTMzUjU2djBQVUVxMHd4UmZFRF84OWFtelZtZXQ3eTF5ZE5fbE5YVTRIUWd2dDVDWjZxZ3F4d3gwRFhMV2FyT21RWXlTLVVoRTE5Z0R1Ql9iMHVmYndZUQ?oc=5) · Bankrate
- 2026-03-28 [The Black Crowes and Whiskey Myers Team Up for the Southern Hospitality Tour This Summer - That Eric Alper](https://news.google.com/rss/articles/CBMiygFBVV95cUxPQUNTaGc0b1E5WkZYNm96bm1lbmJmeVRBVE1wbVhtODFVRTdVVDF2VXZzRV9pdVQ0UFp6NHRHa0E0RHRKNkNFbTkyRUFOckZTMl9vY0VPVjVod1pDdklHcVF6a0FTWFdreTNIeVR2MmFjUFQtN3FrREs0S0g2LVY3Qlo4MGtQR3dTUk9GdENkNG5zSmhNUUtNaDk2a1VsalRzVjhlOVhvOWNhaURsR1ZQQ3A5YThwaGxNc2JxU1hKTjdDZkt2a1pfcVlB?oc=5) · That Eric Alper

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=66980 (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/36.json (key "66980", 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=66980
- 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