Southeast Financial Credit Union is headquartered in Franklin and is the 15th largest credit union in the state of Tennessee. It is also the 741st largest credit union in the nation. It was established in 1936 and as of September of 2022, it had grown to 132 employees and 39,920 members at 13 locations. Southeast Financial Credit Union has a B+ health rating.
Membership is open to anyone through a $5 donation to Autism Tennessee (can be done through the credit union). Membership is also open to employees of the Select Employer Groups (membership requirements are listed in the credit union's online application).
See current membership details
Good luck on getting online banking to work. If you have a problem with your balance being wrong forget calling the fraud line. My balance was off ,so I called to report it,rep kept asking if I was reporting fraud,tried to explain to her that I have a Cd that x amount of money is transferred into checking on 1st business day of month. Explained that balance was wrong to what it should be, she said so someone committed fraud, I said I don't know, did with holding go up in 2023 ,is how much did you transfer and how much did you with hold, she said I can't tell you that, I ask her how I knew fraud was committed or with holding changed, she said I can't tell you the dollar amount in your account, I said if you can't tell me the amount you moved from Cd to checking and the date you done it, how the hell do I know if someone made a fraudulent draw or that Southeast Finance made a mistake? She said that's just left up to you if fraud was committed. I have 1 ira,1 Cd, and 3 annuities with this bunch, but you better believe I will take the penalty and roll all this over asap.
I've been using SFCU for several years and they have put a hold on my card probably 8 times now for "fraudulent" activity when I was just using it the way I always do. They never checked with me first or let me know after they did it. $32 overdraft fee and $1.50 "daily negative balance fee." There is no way to reach them on nights or weekends at all. I'm switching to a bank as soon as possible.
Beware- very unethical in reporting to credit bureaus, falsely will state that loans are student loans so that the loans can not be discharged by any means, when in fact the loan was not a student loan. This credit union has done shady business with the likes of The College Network, in which all you have to do is google their unethical behavior and fraud on healthcare professionals.
Beware of this company.
|Return on Assets - YTD||0.41%|
|Return on Equity - YTD||5.72%|
|Annual Interest Income||$13.8MM|
|Assets and Liabilities|
|Assets||Q3 2022vs Q3 2021||$465.0MM$451.6MM|
|Loans||Q3 2022vs Q3 2021||$367.3MM$338.3MM|
|Deposits||Q3 2022vs Q3 2021||$425.6MM$412.6MM|
|Equity Capital||Q3 2022vs Q3 2021||$33.4MM$32.5MM|
|Loan Loss Allowance||Q3 2022vs Q3 2021||$2.5MM$2.4MM|
|Unbacked Noncurrent Loans||Q3 2022vs Q3 2021||$3.0MM$3.0MM|
|Real Estate Owned||Q3 2022vs Q3 2021||$0$0|
Rates for Southeast Financial Credit Union are currently being reviewed.