Southeastern Federal Credit Union

Organization Overview

Southeastern Federal Credit Union is located in Valdosta, GA. The organization was established in 2017. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Southeastern Federal Credit Union employed 112 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southeastern Federal Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2021, Southeastern Federal Credit Union generated $14.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $12.2m during the year ending 12/2021. While expenses have increased by 1.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF SOUTHEASTERN CREDIT UNION IS TO DELIVER VALUE AND PROVIDE LEGENDARY SERVICE TO ITS MEMBERSHIP.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SOUTHEASTERN CREDIT UNION SERVED THE FINANCIAL NEEDS OF 25,791 MEMBERS IN 2021. THE CREDIT UNION PROVIDED BUSINESS AND CONSUMER LOANS AND DEPOSITS TOTALING APPROXIMATELY $229,000,000 AND 283,000,000, RESPECTIVELY, THROUGH EIGHT FULL SERVICE LOCATIONS.


SOUTHEASTERN CREDIT UNION SEEKS TO BE A GOOD COMMUNITY CITIZEN AND IS INVOLVED IN MANY COMMUNITY SERVICE ACTIVITIES. ANNUALLY EMPLOYEES AND THE CREDIT UNION CONTRIBUTE TO THE UNITED WAY. THE CREDIT UNION SUPPORTS THE LOCAL SCHOOL ATHLETICS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Kasasa Ltd
Member Products
$256,856
Jack Henry & Associates Inc
Core Provider
$1,095,281
Att
Phone Service
$174,918
South Georgia Cleaning Service Inc
Cleaning Service
$103,452
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$14,121,764
Investment income $382,121
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$13,570
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $14,490,315

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