Institution Statistics
| SOUTHEASTERN | | NCUA # | 8947 | | BankRate Report | View | | Year Chartered | 1953 | | Employees | 63 | | Primary Regulator | |
Assets and Liabilities | | Assets | $159.74 million | | Loans | $110.95 million | | Deposits | $144.74 million | | Equity Capital | $12.99 million | | Loan Loss Allowance | $895,000 | | Unbacked Noncurrent Loans | $1.37 million | | Real Estate Owned | $303,000 |
Historic Data - December 2010 | | Assets | $151.90 million | | Equity Capital | $11.89 million | | Loan Loss Allowance | $865,000 | | Unbacked Noncurrent Loans | $1.53 million | | Real Estate Owned | $221,000 |
Profit Margin - Quarterly | | Net Interest Margin | 5.09% | | Return on Assets | 0.69% | | Return on Equity | 8.43% | | Interest Income | $6.94 million | | Non-Interest Income | $3.36 million |
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Institution Health
Overall Score:
4 out of 5 
| Texas Ratio |  | | The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Southeastern Credit Union had $1.67 million in non-current loans and owned real-estate with $13.89 million in equity and loan loss allowances on hand to cover it. This gives Southeastern Credit Union a Texas Ratio of 12.04% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Texas Ratio Trend |  | | The Texas Ratio for Southeastern Credit Union held steady from 13.73% as of December 31, 2010 to 12.04% as of December 31, 2011, resulting in a positive change of 12.30%.This indicates that the balance sheet and financial strength for Southeastern Credit Union has held steady in recent periods. | | Deposit Growth | | | In the past year, Southeastern Credit Union has increased its total deposits by $6.02 million, resulting in 4.34% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Southeastern Credit Union has shown is above average. | | Capitalization | | | Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Southeastern Credit Union has $159.74 million in assets with $13.89 million in equity, resulting in a capitalization level of 8.69%, which is average. |
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Average User Rating:
So So Bank
SEFCU is a so so bank. Have had an account with them 23 years. Up until a few years ago only Federal Employees could bank there, mostly were military. Now anyone within the state can open an account. They have grown, opened several branches and even built a new Main Bank. They have a hugh employee turn over, you never see the same staff working. There are a few upper level employees that have been around for a while. Not a friendly bank, you don't get that home town feel when you walk in.
They put a 10 day hold on the all checks deposit. I have a couple of other accounts with other banks in the area. I once made a deposit with check funds from one of my other bank accounts and they put a 10 hold on that check! They also posted an automatic draft to my account that was not mine. I could see that maybe a banking staff member might have posted the draft by mistake; but they did not want to fix the problem over the phone they wanted me to come down to the bank and fill out a form. I did get them to email me the form and allow me to fax it in. The form put the blame on everyone but them, that I was certifiying that it was a fraudulent transaction that either someone was using my banking information (stolen) or the merchant was scamming me. It was a small transaction and it was cleared up by the bank within 5 working days.