2025-05-27T18:20:42-04:00 2024-12-31 202711127 CU AUDIT & COMPLIANCE GROUP 3692 COOLIDGE CT TALLAHASSEE FL 323117890 990 2024-01-01 620365265 SOUTHERN CREDIT UNION SOUT 4236292578 P O BOX 3490 CHATTANOOGA TN 37402 CINDY D BEALE CEO 4236292578 2025-05-19 true false AMANDA ONKST P02387288 2054372176 2025-05-27 2024 2025-03-06 01:10:19Z CINDY D BEALE P O BOX 3490 CHATTANOOGA TN 374040490 908776 false X WWW.SOUTHERNCU.COM X CREDIT UNION 1932 TN CREDIT UNION - TO PROVIDE FINANCIAL SERVICES FOR ITS MEMBERS. 9 9 10 11 0 0 518446 615210 208581 269998 -274855 23568 452172 908776 0 0 383839 339345 0 0 518871 667057 902710 1006402 -450538 -97626 20960922 20695982 18565668 18398354 2395254 2297628 X CREDIT UNION - TO PROVIDE SERVICES TO APPROXIMATELY 1,760 MEMBERS IN THE FORM OF LOANS, SAVINGS, AND OTHER FINANCIAL SERVICES. false false 705192 THE CREDIT UNION PROVIDED A VARIETY OF LOAN SERVICES FOR ITS MEMBERES. 301210 THE CREDIT UNION PROVIDED A VARIETY OF DEPOSIT SERVICES FOR ITS MEMBERS. CUNA PROGRAM GRANT MADE IN 2017 FOR 2,500. 1006402 false false false false false false false false false true false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true X 436 0 true 10 true false false false false false false false false X 9 9 false false false false true true true true true false false false true false false true true true false false TN X CINDY D BEALE 4236292578 P O BOX 3490 CHATTANOOGA TN 374040490 CINDY D BEALE CEO 40.00 X 73130 0 20437 DANNY E HOLMES BOD VICE-PRE 1.00 X 0 0 0 CLIFFORD L LOWRANCE BOD/SC MEM 1.00 X X 0 0 0 SANDY WALLIS BOD CO-CH/SC 1.00 X X 0 0 0 DONNA CUNNINGHAM BOARD SEC/TR 1.00 X 0 0 0 STEPHEN L EVANS BOARD CO-CHA 1.00 X 0 0 0 JOANIE MURPHEY-COPE BOD/SC MEM 1.00 X X 0 0 0 GREG M O'NEAL BOARD MEMBER 1.00 X 0 0 0 SAM HUFF BOARD MEMBER 1.00 X 0 0 0 JOHN BORN BOARD MEMBER 1.00 X 0 0 0 ROB BEASLEY BOARD MEMBER 1.00 X 0 0 0 THEODORE JACKSON SUPERVISORY 1.00 X 0 0 0 73130 20437 false false false INTEREST ON LOANS 522291 547758 547758 FEE INCOME 522100 67452 67452 615210 269998 269998 OTHER OPERATING INCOME 525990 23568 23568 23568 908776 908776 249264 249264 5766 5766 64279 64279 20036 20036 118754 118754 43985 43985 5958 5958 301210 301210 PROF & OUTSIDE SERVICES 75223 75223 PROVISION FOR LOAN LOSSES 52449 52449 LOAN SERVICING EXP 49083 49083 MISC OPERATING EXP 10545 10545 9850 9850 1006402 0 1006402 0 1325615 1611598 10294000 10149000 8819975 8405582 53170 62384 511400 406469 109021 104931 151696 151696 207445 210791 20960922 20695982 61555 55422 18504113 18342932 18565668 18398354 X 785052 1610202 2297628 2395254 2297628 20960922 20695982 X -97626 X X false false 33966 33966 118968 118968 232642 168933 63709 125824 118568 7256 104931 REGULAR SHARES 7921669 ALL OTHER SHARES 7603403 SHARE DRAFTS 2817860 18342932 FORM 990, PAGE 1, PART I, LINE 6 HOURS OF SERVICE ARE RELATED TO DUTIES OF THE BOARD OF DIRECTORS AND SUPERVISORY COMMITTEE WITHOUT COMPENSATION. FORM 990, PAGE 2, PART III, LINE 4D CUNA PROGRAM GRANT MADE IN 2017 FOR 2,500. FORM 990, PAGE 5, PART V, LINE 3B THE CREDIT UNION HAD NO UNRELATED BUSINESS INCOME. FORM 990, PAGE 6, PART VI, LINE 6 THE CREDIT UNION IS OWNED BY THE MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERSHIP (ONE MEMBER, ONE VOTE). ALL DUTIES, POWERS, AND RESPONSIBILITIES ARE CONTROLLED BY THE BOARD OF DIRECTORS. THE MEMBERS ELECT THE BOARD OF DIRECTORS AT THE ANNUAL MEETING EVERY YEAR. FORM 990, PAGE 6, PART VI, LINE 7B SOME DECISIONS MADE BY THE BOARD OF DIRECTORS ARE AFFIRMED BY THE MEMBERS. FORM 990, PAGE 6, PART VI, LINE 11B THE MANAGER REVIEWS THE FORM 990. THE FORM 990 IS AVAILABLE FOR REVIEW BY THE BOARD OF DIRECTORS UPON REQUEST. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS USE A COMPARISON OF CREDIT UNION COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 19 FINANCIAL DOCUMENTS ARE POSTED IN THE CREDIT UNION LOBBY BY THE 15TH OF THE SUBSEQUENT MONTH. FORM 990, PART XI, LINE 9 CHANGE TO NET INCOME - ALLL EXP 0 DUE TO ROUNDING 0 FORM 990, PART XII ANNUAL AGREED UPON PROCEDURES ARE PERFORMED BY AN INDEPENDENT AUDITOR.