Credit union · NCUA insured
Community South Credit Union
Top CarrotA $239.1M credit union headquartered in Chipley, FL, with 15,013 members and 4 branches in Florida. Best rates: CDs 3.55% and savings 0.50% APY.
Community South Credit Union Carrot Score
Carrot ScoreTop Carrot
Higher than 90% of U.S. banks and credit unions
#3 of 14 in Panama City, FL metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Community South Credit Union
Founded in 1959 as FLORIDA SRD District 3 Credit Union, Community South Credit Union is a not-for-profit, member-owned credit union.
The credit union serves communities throughout the Florida Panhandle.
- Headquarters
- 1044 Highway 90, Chipley, FL 32428
- NCUA charter
- 67434
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Anyone who lives or works in Washington, Holmes, Jackson, Calhoun, Walton, Bay, Okaloosa, Liberty, or Gadsden County is eligible for membership.
Employers and groups
- Employees and retirees of Community South Credit Union are eligible for membership.
Military, government and schools
- Employees and retirees of The Florida Department of Transportation District #3 and The State of Florida within the DOT District 3 are eligible for membership.
Family and household
- Relatives of employees and retirees of qualifying employee groups are eligible for membership.
- Relatives of individuals who live or work in the designated nine Florida counties are eligible for membership, even if not residing in the same household.
Other ways
- Associational groups of the members are eligible for membership.
Cost to join
- A $5 refundable share deposit is required to join.
Branches
4 branches in Florida
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Florida
4 branches
Panama City area · 2
- Chipley-MainMain office1044 Highway 90, Chipley, FL 32428Directions
- Chipley Operations1447 Main St, Chipley, FL 32428Directions
Bonifay area · 1
- Bonifay Branch1720 S Waukesha St, Bonifay, FL 32425Directions
Crestview area · 1
- Defuniak Branch775 US Highway 331 S, DeFuniak Springs, FL 32435Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 13.05% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 0.96% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 0.72% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $87 | $76 | — |
- CapitalNet worth ratio13.05%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late0.96%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets0.72%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$87Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Community South Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.