About Southern CU
Our History

Our History

Southern Credit Union was established over 81 years ago by employees of the Southern Railway in Chattanooga. They wanted a place where they could have payroll deduction for savings and loans.  Times were tough and the economy was in bad shape. World War II changed the economic landscape. Chattanooga was near Ft. Oglethorpe, GA which was an army training camp. Many soldiers trained and shipped out from Chattanooga, most of them by train. Remember that old song, "Pardon me boys, is that the Chattanooga Choo Choo?"  It was a hit during the war era and remains a theme song for Chattanooga.

Thankfully, the war ended and a consumer economic boom followed. Back in those days, financial institutions didn't want to loan money for consumer goods so families often paid higher prices for buying 'on time'. Families wanted to take advantage of the GI bill. New homeowners wanted to have all the latest gadgets for their homes. The credit union demand increased and grew.

Southern Credit Union has had a tradition of providing the most up to date financial services; we were one of the first to offer share draft checking and home mortgages. The credit union motto, "People helping People," remains true at Southern. You are family at Southern. Over the years, membership has expanded to include select employee groups seeking credit union services. We seek continuous improvements to bring our members the best of financial services and products at the most competitive costs and highest yields on deposits. Without the dedication of members like you, we would not be in business. Thank you for choosing Southern Credit Union!