Credit union · NCUA insured
New South Credit Union
A $90.3M credit union headquartered in Knoxville, TN, with 6,745 members and 3 branches in Tennessee. Best rates: CDs 2.50% and savings 0.35% APY.
New South Credit Union Carrot Score
76
Carrot Score
Higher than 41% of U.S. banks and credit unions
#13 of 32 in Knoxville, TN metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About New South Credit Union
Founded in 1952 to serve employees of Southern Railway, New South Credit Union transitioned to a community charter in 2004.
Headquartered in Knoxville, Tennessee, the credit union serves everyone who lives, works, worships, or attends school in Knox, Grainger, and Union counties.
New South Credit Union operates as a not-for-profit cooperative owned by its members and governed by an unpaid, elected board of directors.
- Headquarters
- 3261 N Mall Rd, Knoxville, TN 37924
- NCUA charter
- 60645
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This may be incomplete or out of date, so check with the credit union before you apply.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, works, attends school, or worships in Knox County, TN, Grainger County, TN, or Union County, TN is eligible for membership.
Family and household
- Anyone related by blood or marriage to a current or eligible New South member is eligible for membership.
Cost to join
- Membership is free, requiring a share deposit of at least $5 into a primary savings account to become a shareholder and member-owner.
Branches
3 branches in Tennessee
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Tennessee
3 branches
- Main OfficeMain office3261 N Mall Rd, Knoxville, TN 37924Directions
- Branch - Blaine191 Rutledge Pike, Blaine, TN 37709Directions
- Branch - Maynardville4587 Maynardville Hwy, Maynardville, TN 37807Directions
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 | 14.91% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 0.11% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 1.67% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $44 | $59 | — |
- CapitalNet worth ratio14.91%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late0.11%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets1.67%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$44Peers’ middle $59
Compared with the 2,478 credit unions with under $100 million 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 New 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.