Southeast Financial Credit Union
Southeast Financial Credit Union is headquartered in Franklin and is the 16th largest credit union in the state of Tennessee. It is also the 768th largest credit union in the nation. It was established in 1936 and as of June of 2024, it had grown to 131 employees and 39,478 members at 13 locations. Southeast Financial Credit Union 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
Excellent People And Service
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.
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.
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68599 |
| Year Chartered | 1936 |
| Employees | 131 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.32% |
| Return on Equity - YTD | 4.23% |
| Annual Interest Income | $13MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $466.3MM$490.8MM |
| Loans | Q2 2024vs Q2 2023 | $384.3MM$404MM |
| Deposits | Q2 2024vs Q2 2023 | $424.3MM$438.9MM |
| Equity Capital | Q2 2024vs Q2 2023 | $35.9MM$34.3MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $2.8MM$2.8MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $2MM$1.3MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |
