Dec, 31, 2023 — SOUTHEAST FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in FRANKLIN, TN with 13 branch locations and about $474.05 million in total assets. Opened 88 years ago in 1936, SOUTHEAST FINANCIAL CREDIT UNION has about 39,823 members and employs 136 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SOUTHEAST FINANCIAL CREDIT UNION |
---|---|
Address: (Main Office) | 220 S Royal Oaks Blvd FRANKLIN, TN 37064-5313 |
Phone: | (615) 465-5400 |
Fax: | (615) 465-5569 |
Website: | https://www.southeastfinancial.org |
Branches: | 13 branch locations |
Members: | 39,823 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68599 |
---|---|
Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $474,047,509 |
CEO/Manager: | John Jacoway |
Chairperson: | Cleo Duckworth |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 37,435,941 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 137,541,950 |
Unsecured Loans | 25,653,387 |
Other Loans | 231,525,479 |
TOTAL LOANS | 394,755,975 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,097,126 |
Land And Building | 11,487,284 |
Other Fixed Assets | 1,896,465 |
NCUSIF Deposit | 4,203,666 |
All Other Assets | 634,063 |
TOTAL ASSETS | 474,047,509 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 750,000 |
Accounts Payable & Other Liabilities | 6,987,773 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 76,606,969 |
Regular shares | 175,288,295 |
All Other Shares & Deposits | 179,764,419 |
TOTAL SHARES & DEPOSITS | 431,659,683 |
TOTAL LIABILITIES | 439,397,456 |
Regular Reserve | 0 |
Other Reserves | 11,364,770 |
Undivided Earnings | 23,285,283 |
TOTAL EQUITY | 34,650,053 |
TOTAL LIABILITIES, SHARES, & EQUITY | 474,047,509 |
INCOME & EXPENSE | |
Loan Income | 22,256,999 |
Investment Income | 1,585,387 |
Other Income | 1,694,243 |
Total Employee Compensation & Benefits | 12,055,203 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 9,600,205 |
Non-operating Income & (Expense) | -263,884 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,406,628 |
Cost of Funds | 4,270,523 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 928,258 |
↑ Back to Top |