Select Seven Credit Union

Overview / Commentary

www.selectsevencu.org

423-282-0671

333 E Main St
Johnson City, TN 37601

Select Seven Credit Union is headquartered in Johnson City and is the 56^th largest credit union in the state of Tennessee. It is also the 2,300^th largest credit union in the nation. It was established in 1949 and as of December of 2020, it had grown to 21 employees and 6,961 members at 4 locations. Select Seven Credit Union has an A health rating.

Field of Membership Restrictions

If you live, work, worship, or attend school in Washington, Unicoi, Hawkins,Carter, or Sullivan Counties, Tennessee, or Scott or Washington Counties, Virginia.
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Health

Data as of Q4 2020

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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Select Seven Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #	6079
Year Chartered	1949
Employees	21
Primary Regulator

Profit Margin
Return on Assets - YTD	-0.38%
Return on Equity - YTD	-3.94%
Annual Interest Income	$2.3MM

Assets and Liabilities
Assets	Q4 2020vs Q4 2019	$58.2MM$60.1MM
Loans	Q4 2020vs Q4 2019	$43.3MM$49.7MM
Deposits	Q4 2020vs Q4 2019	$51.9MM$54.0MM
Equity Capital	Q4 2020vs Q4 2019	$5.7MM$5.9MM
Loan Loss Allowance	Q4 2020vs Q4 2019	$316.00K$404.00K
Unbacked Noncurrent Loans	Q4 2020vs Q4 2019	$86.00K$203.00K
Real Estate Owned	Q4 2020vs Q4 2019	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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Always verify rates and promotions with the bank or credit union. We are not Select Seven Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Select Seven Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.40%^*	$50k^*	-	Regular Share
OTHER TIERS: 0.10% → $100 - $10k \| 0.20% → $10k - $25k \| 0.30% → $25k - $50k
0.40%^*	$50k^*	-	IRA Accumulation Account
OTHER TIERS: 0.10% → $100 - $10k \| 0.20% → $10k - $25k \| 0.30% → $25k - $50k

Select Seven Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.45%^*	$50k^*	-	Money Market Account
OTHER TIERS: 0.15% → $1k - $10k \| 0.25% → $10k - $25k \| 0.35% → $25k - $50k

Select Seven Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.15%	$1k	-	Share Draft Account

Select Seven Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.00%	$1k	-	60 Month CD
0.95%	$1k	-	48 Month CD
0.90%	$1k	-	36 Month CD
0.70%	$1k	-	24 Month CD
0.55%	$1k	-	12 Month CD
0.40%	$1k	-	6 Month CD

Select Seven Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.00%	-	-	5 Year Traditional IRA
0.90%	-	-	30 Month Traditional IRA
0.55%	-	-	12 Month Traditional IRA
0.55%	-	-	18 Month Traditional IRA
0.40%	-	-	6 Month Traditional IRA

Locations

Select Seven Credit Union Locations
Branch Office	333 E Main St	Johnson City, TN 37601
Branch Office	716 W Market St	Johnson City, TN 37604
Branch Office	181 Marketplace Dr	Johnson City, TN 37604
Branch Office	1708 E Stone Dr Suite 130	Kingsport, TN 37660

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