2020-11-16T08:54:39-06:00 2019-12-31 721396621 CARR RIGGS & INGRAM LLC 3011 ARMORY DRIVE SUITE 190 NASHVILLE TN 37204 990 2019-01-01 620382058 SOUTHEAST FINANCIAL CREDIT UNION C/O ADAM TOUNGETTE SOUT 6157433700 220 SOUTH ROYAL OAKS BLVD FRANKLIN TN 37064 ADAM TOUNGETTE CONTROLLER 6157433700 2020-11-04 1 JOHN V RAYBURN P00429464 6156651811 2020-11-04 159.100.161.121 2020-11-04 11:12:23 CS P E960A5292D9063ACE72CA9B544B331AE0FCAE0A3 E960A5292D9063ACE72CA9B544B331AE0FCAE0A3 2019 2021-04-22 16:20:28Z ADAM TOUNGETTE 220 SOUTH ROYAL OAKS BLVD FRANKLIN TN 37064 25035582 0 1182 X WWW.SOUTHEASTFINANCIAL.ORG X 1936 TN PROVIDE FINANCIAL SERVICES FOR APPROXIMATELY 39,286 MEMBERS IN THE FORM OF LOANS, SAVINGS ACCOUNTS, SHARE CERTIFICATES AND OTHER FINANCIAL SERVICES. 7 7 135 11 0 0 0 0 16289395 17510942 1413129 1271054 6302709 6214974 24005233 24996970 0 0 0 0 9949297 10103217 0 0 0 12990072 12930290 22939369 23033507 1065864 1963463 368449082 382302574 340753156 353271638 27695926 29030936 X PROVIDE FINANCIAL SERVICES FOR APPROXIMATELY 39,286 MEMBERS IN THE FORM OF LOANS, SAVINGS ACCOUNTS, SHARE CERTIFICATES AND OTHER FINANCIAL SERVICES. 0 0 PROVIDE FINANCIAL SERVICES FOR APPROXIMATELY 39,286 MEMBERS IN THE FORM OF LOANS, SHARE ACCOUNTS, SHARE CERTIFICATES AND OTHER FINANCIAL SERVICES.SERVICES INCLUDE ATM/DEBIT CARD PROGRAM, INTERNATIONAL REM;ITTANCES, NO SURCHARGE ATM'S, BUSINESS SHARE ACCOUNTS, HEALTH SAVINGS ACCOUNTS, NO COST SHARE DRAFTS, SHARE CERTIFICATES WITH LOW MINIMUM BALANCE REQUIREMENTS, INSURANCE/INVESTMENT SALES, STUDENT SCHOLARSHIPS, BUSINESS LOANS, CREDIT BUILDER, INDIRECT CONSUMER LENDING, INTEREST ONLY OR PAYMENT OPTION 1ST MORTGAGE LOANS, OVERDRAFT LINES OF CREDIT, OVERDRAFT/PROTECTION/COURTESY PAY, PARTICIPATION LOANS, REAL ESTATE LOANS, RISK BASED LOANS, SHARE SECURED CREDIT CARDS, FINANCIAL EDUCATION, FINANCIAL COUNSELING, FIRST TIME HOMEBUYER PROGRAM. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 56 0 1 135 1 1 1 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 X ADAM TOUNGETTE 6157433700 220 SOUTH ROYAL OAKS BLVD FRANKLIN TN 37064 CLEO DUCKWORTH CHAIR, BOARD MEMBER 1.00 X 0 0 0 BEVERLY A HICKS BOARD MEMBER 1.00 X 0 0 0 KELSIE JONES BOARD MEMBER 1.00 X 0 0 0 PAT LEBLANC BOARD MEMBER 1.00 X 0 0 0 SCARLET SNEED BOARD MEMBER 1.00 X 0 0 0 BILLY HATMAKER BOARD MEMBER 1.00 X 0 0 0 WALTER COSTNER BOARD MEMBER 1.00 X 0 0 0 ROBERT HALE AUDIT COMMITTEE 1.00 X 0 0 0 JILL ARNOLD CREDIT APPEALS COMMITTEE 1.00 X 0 0 0 TROY CRAWFORD CREDIT APPEALS COMMITTEE 1.00 X 0 0 0 JERRY LILLARD AUDIT COMMITTEE 1.00 X 0 0 0 JOHN JACOWAY CEO 40.00 X 733151 0 27813 KELLY KEENAN COO 40.00 X 156694 0 19859 SUSAN HAMILTON VP, COMPLIANCE AND TRAINING 40.00 X 118400 0 16310 KENDRICK COULTHARD PRESIDENT OF MFS 40.00 X 303085 0 28716 JEFF DAHLSTROM PRESIDENT 40.00 X 729782 0 26812 LEIGH GLOVER MFS REP 40.00 X 253253 0 21844 LELAH HILL VP, HUMAN RESOURCES 40.00 X 126813 0 14380 DAVID HARLAN MFS REP 40.00 X 116398 0 14248 2537576 0 169982 8 0 1 0 DATA BLUE LLC PO BOX 281274 NASHVILLE TN 37228 IT CONSULTING 376030 TRADER INTERACTIVE LLC 999 WATERSIDE DRIVE 1900 NORFOLK VA 23510 ADVERTISING 325330 LENDERS PROTECTION LLC 901 S MOPAC EXPRESSWAY AUSTIN TX 78746 AUTOMATED LENDING 120559 3 CONSUMER LOANS 900099 10578504 10578504 RESIDENTIAL RE LOANS 900099 3301568 3301568 COMM/AG RE LOANS 900099 1891022 1891022 OTHER LOANS 900099 1736649 1736649 CONSTRUCTION LOANS 900099 3199 3199 17510942 1309666 1309666 6826 0 6826 6826 6826 38612 -38612 -38612 -38612 OTHER INCOME 522298 4311652 4311652 FEE INCOME 522298 1896496 1896496 6208148 24996970 24996970 0 0 X 1619625 6756283 40034 1136427 550848 70797 114667 292962 872975 112989 1459981 87616 2470981 563871 ALL OTHER EXPENSE 1502809 PROVISION FOR LOAN LOSS 1182393 CREDIT CARD EXPENSE 975685 LOAN SERVICING EXPENSE 887934 2334630 23033507 2407445 2385770 31833186 39017001 545251 288679108 295500668 784356 27290355 14026629 13354750 13263726 332561 246480 18013767 18579433 13828265 11979889 368449082 382302574 4352450 4629236 336400706 348642402 340753156 353271638 X 0 0 0 0 27695926 29030936 27695926 29030936 368449082 382302574 X 1963463 -628453 X 0 0 0 3888077 3888077 13812863 5248815 8564048 641188 478860 162328 8948227 8298954 649273 13263726 REGULAR SHARES 141893164 SHARE DRAFTS 54916873 NONMEMBER DEPOSITS 2136000 IRA ACCOUNTS 21545356 MONEY MARKET SHARES 48246539 SHARE CERTIFICATES 79904470 348642402 X X 1 1 X X X X X 0 0 0 JOHN JACOWAY CEO 644019 0 66000 0 23132 0 13950 0 13863 0 760964 0 0 0 KELLY KEENAN COO 154896 0 0 0 1798 0 8305 0 11554 0 176553 0 0 0 KENDRICK COULTHARD PRESIDENT OF MFS 38588 0 269936 0 -5439 0 13950 0 14766 0 331801 0 0 0 JEFF DAHLSTROM PRESIDENT 639888 0 66000 0 23894 0 13950 0 12862 0 756594 0 0 0 LEIGH GLOVER MFS REP 43500 0 208955 0 798 0 12933 0 8911 0 275097 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS OWNED BY ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE SECRETARY NOTIFIES IN WRITING ALL MEMBERS ELIGIBLE TO VOTE AT LEAST 75 DAYS PRIOR TO THE ANNUAL MEETING THAT NOMINATIONS FOR VACANCIES WILL BE CONDUCTED BY BALLOT. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION VOTE ON THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS REVIEWED IN DETAIL BY MANAGEMENT BEFORE IT WAS FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED ANNUALLY TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. ANY CHANGES THAT OCCUR DURING THE YEAR ARE TO BE REPORTED IMMEDIATELY. FORM 990, PART VI, SECTION B, LINE 15A THE CREDIT UNION'S PRESIDENT AND CEO HAVE THEIR COMPENSATOIN DETERMINED BY A COMPENSATION COMMITTEE MADE UP OF MEMBERS OF THE BOARD OF DIRECTORS. THEY REVIEW COMPENSATION STUDIES CONSISTING OF COMPARABILITY DATA FOR INSTITUTIONS OF THIS SIZE. THEY ALSO CONSULT INDEPENDENT COMPENSATION CONSULTANTS FROM TIME TO TIME AS PART OF THE PROCESS. ALL DELIBERATIONS AND DECISIONS ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 NO FORMS ARE MADE AVAILABLE TO THE PUBLIC FORM 990, PART IX, LINE 24E CORE PROCESSING EXPENSE 754,179. ONLINE BANKING EXPENSE 391,221. COMPUTER NETWORK EXPENSE 370,226. CLOUD SOFTWARE 182,820. STATEMENT PROCESSING FEES 181,241. BOND PREMIUM 165,137. MERIDIAN LINK 147,535. ARMORED CAR AND COURIER 142,271. FORM 990, PART XI, LINE 9: POST EMPLOYMENT BENEFIT ADJUSTMENT -628,453. 990 PAGE 12 PART XII LINE 2 SOUTHEAST FINANCIAL CREDIT UNION HAS AN ANNUAL AUDIT CONDUCTED ON A FISCAL YEAR BASIS AT JUNE 30. SINCE THE FORM 990 IS FILED ON A CALENDAR YEAR BASIS QUESTION 2B IS ANSWERED NO. A RECONCILATION BETWEEN THE TWO PERIODS WOULD NOT YIELD ANY USEFUL INFORMATION FOR FEDERAL PURPOSES. 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