Southeast Financial Credit Union


Overview / Commentary
615-743-3700
220 South Royal Oaks Blvd
Franklin, TN 37064

Southeast Financial Credit Union is headquartered in Franklin and is the 15th largest credit union in the state of Tennessee. It is also the 736th largest credit union in the nation. It was established in 1936 and as of September of 2023, it had grown to 133 employees and 40,167 members at 13 locations. Southeast Financial Credit Union's CD rates are 4X the national average, and it has a B health rating.

Field of Membership Restrictions

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

Reviews (7)

Excellent People And Service

Posted by: |

Absolutely incredible financial institution. They are ethical, honest and real people. They are helpful and go above and beyond to help. The loan process is very easy and the rates are great. I highly recommended.

Best Service EVER!!

The loan officer helped me and coached me on how to fix my credit.  Now I'm on my way to financial peace! I couldnt have done it without Southeast!  Thanks

A Good Credit Union

Posted by: |

I have had a very positive experience banking with Southeast Financial! I banked with another credit union before switching to Southeast Financial, and that credit union was not nearly as good. I really like SFCU.

Southeast Financial Credit Union

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.

Horrible Experience

Posted by: |

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.

False Reports To Credit Bureaus

Posted by: |

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.

Very Unprofessional!

Posted by: |

Do not do business with this institution. 



Health

Health Grade Components

Overall
NCUA #68599
Year Chartered1936
Employees133
Primary Regulator
Profit Margin
Return on Assets - YTD0.26%
Return on Equity - YTD3.59%
Annual Interest Income$17.4MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$481.7MM$465MM
LoansQ3 2023vs Q3 2022$401.4MM$367.3MM
DepositsQ3 2023vs Q3 2022$437.9MM$425.6MM
Equity CapitalQ3 2023vs Q3 2022$34.7MM$33.4MM
Loan Loss AllowanceQ3 2023vs Q3 2022$3MM$2.5MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$2.2MM$3MM
Real Estate OwnedQ3 2023vs Q3 2022$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Southeast Financial 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.

Southeast Financial Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$1-IRA Accumulation Account
0.05%--Regular Share
0.05%$5-Membership Share
0.03%--Christmas Club Account
0.03%--Health Checking Account

Southeast Financial Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.65%*$100k*-Money Market Account
OTHER TIERS: 0.80% $2.5k - $10k | 1.00% $10k - $25k | 1.10% $25k - $50k | 1.35% $50k - $75k | 1.50% $75k - $100k

Southeast Financial Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.03%--Interest Checking

Southeast Financial Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%$500-7 Month CD Special
4.80%$500-11 Month CD Special
3.75%$500-5 Year CD
3.70%$500-1 Year CD
3.70%$500-18 Month CD
3.70%$500-4 Year CD
3.65%$500-3 Year CD
3.60%$500-2 Year CD
3.60%$500-30 Month CD
3.40%$500-6 Month CD
0.50%$500-90 Day CD
0.50%$100-6 Month DreamBuilder Certificate

Southeast Financial Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.75%$500-5 Year IRA
3.70%$500-1 Year IRA
3.70%$500-18 Month IRA
3.70%$500-4 Year IRA
3.65%$500-3 Year IRA
3.60%$500-2 Year IRA
3.60%$500-30 Month IRA
3.40%$500-6 Month IRA
0.50%$100-6 Month DreamBuilder IRA
Locations

Availability



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