Sep, 30, 2025 — SELECT SEVEN FEDERAL CREDIT UNION is a federal credit union headquartered in JOHNSON CITY, TN with 3 branch locations and about $63.29 million in total assets. Opened 77 years ago in 1949, SELECT SEVEN FEDERAL CREDIT UNION has about 5,352 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SELECT SEVEN FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 181 Marketplace Blvd JOHNSON CITY, TN 37604 |
| Phone: | (423) 282-0671 |
| Fax: | (423) 434-1880 |
| Website: | https://www.selectsevencu.org |
| Branches: | 3 branch locations |
| Members: | 5,352 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6079 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $63,288,331 |
| CEO/Manager: | Kevin Jones |
| Chairperson: | Lester Lattany |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,974,529 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 18,361,791 |
| Unsecured Loans | 2,373,212 |
| Other Loans | 26,944,849 |
| TOTAL LOANS | 47,679,852 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -220,524 |
| Land And Building | 2,567,641 |
| Other Fixed Assets | 81,322 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 484,779 |
| All Other Assets | 16,118 |
| TOTAL ASSETS | 63,288,331 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4,647 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 839,434 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,450,698 |
| Regular shares | 19,069,764 |
| All Other Shares & Deposits | 24,804,935 |
| TOTAL SHARES & DEPOSITS | 54,325,397 |
| TOTAL LIABILITIES | 55,169,478 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 8,118,853 |
| TOTAL EQUITY | 8,118,853 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 63,288,331 |
| INCOME & EXPENSE | |
| Loan Income | 2,019,599 |
| Investment Income | 213,528 |
| Other Income | 562,083 |
| Total Employee Compensation & Benefits | 832,664 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 763,991 |
| Non-operating Income & (Expense) | 425 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 100,000 |
| Cost of Funds | 654,635 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 522,976 |
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