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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 53rd largest credit union in the state of Tennessee. It is also the 2,253rd largest credit union in the nation. It was established in 1949 and as of June of 2020, it had grown to 24 employees and 7,836 members at 4 locations. Select Seven Credit Union has a B+ 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.
See current membership details

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Health
B+

Data as of Q2 2020

Learn why bank health matters
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 Chartered1949
Employees24
Primary Regulator
Profit Margin
Return on Assets - YTD-0.2%
Return on Equity - YTD-2.01%
Annual Interest Income$1.2MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$59.8MM$64.0MM
LoansQ2 2020vs Q2 2019$45.8MM$52.4MM
DepositsQ2 2020vs Q2 2019$53.1MM$57.1MM
Equity CapitalQ2 2020vs Q2 2019$5.9MM$6.0MM
Loan Loss AllowanceQ2 2020vs Q2 2019$313.00K$419.00K
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$228.00K$130.00K
Real Estate OwnedQ2 2020vs Q2 2019$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$1k-Share Draft Account

Select Seven Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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 Office333 E Main StJohnson City, TN 37601
Branch Office716 W Market StJohnson City, TN 37604
Branch Office181 Marketplace DrJohnson City, TN 37604
Branch Office1708 E Stone Dr Suite 130Kingsport, TN 37660

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