Southeast Financial Credit Union is headquartered in Franklin and is the 15th largest credit union in the state of Tennessee. It is also the 744th largest credit union in the nation. It was established in 1936 and as of June of 2022, it had grown to 128 employees and 39,884 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
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||0.34%|
|Return on Equity - YTD||4.87%|
|Annual Interest Income||$8.9MM|
|Assets and Liabilities|
|Assets||Q2 2022vs Q2 2021||$463.3MM$443.4MM|
|Loans||Q2 2022vs Q2 2021||$349.9MM$337.5MM|
|Deposits||Q2 2022vs Q2 2021||$425.4MM$406.0MM|
|Equity Capital||Q2 2022vs Q2 2021||$32.7MM$31.8MM|
|Loan Loss Allowance||Q2 2022vs Q2 2021||$2.4MM$2.5MM|
|Unbacked Noncurrent Loans||Q2 2022vs Q2 2021||$2.2MM$2.4MM|
|Real Estate Owned||Q2 2022vs Q2 2021||$0$0|
Rates for Southeast Financial Credit Union are currently being reviewed.