2019-09-27T09:29:58-07:00 2018-12-31 621122270 Warren Denney & Wallace CPAs 319 Plus Park Blvd Suite 100 Nashville TN 372171098 990 2018-01-01 620382058 SOUTHEAST FINANCIAL CREDIT UNION CO ADAM TOUNGETTE SOUT 6157433700 220 SOUTH ROYAL OAKS BLVD FRANKLIN TN 37064 ADAM TOUNGETTE Controller 2019-09-27 true William H Denney CPA P01072108 6153665100 2018 2019-02-21 02:37:17Z 220 SOUTH ROYAL OAKS BLVD FRANKLIN TN 37064 24386207 false false 1182 X southeastfinancial.org X TN PROVIDE FINANCIAL SERVICES FOR APPROXIMATELY 39,082 MEMBERS IN THE FORM OF LOANS, SAVINGS ACCOUNTS, SHARE CERTIFICATES AND OTHER FINANCIAL SERVICES. 7 7 177 0 0 15320520 16289395 949242 1413129 4397603 6302709 20667365 24005233 0 0 10720138 9949297 0 0 11783321 12990072 22503459 22939369 -1836094 1065864 377880672 368449082 351794731 340753156 26085941 27695926 PROVIDE FINANCIAL SERVICES FOR APPROXIMATELY 39,082 MEMBERS IN THE FORM OF LOANS, SAVINGS ACCOUNTS, SHARE CERTIFICATES AND OTHER FINANCIAL SERVICES. false false PROVIDE FINANCIAL SERVICES FOR APPROXIMATELY 39,082 MEMBERS IN THE FORM OF LOANS, SHARE ACCOUNTS, SHARE CERTIFICATES AND OTHER FINANCIAL SERVICES.SERVICES INCLUDE ATM/DEBIT CARD PROGRAM, INTERNATIONAL REMITTANCES, 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. false false false false false false false false false true false false false true false false false false false false false false false false false false false false true false false false false false false false false false false false false false false true true true false true 3954 0 true 177 true false false false false false false false false false false false false false false X 7 7 false false false false true true true true true false false false true true true true true true false false X ADAM TOUNGETTE 6154655407 220 SOUTH ROYAL OAKS BLVD FRANKLIN TN 37064 CLEO DUCKWORTH Chairman 1.00 0.00 X 0 0 0 BEVERLY A HICKS Director 1.00 0.00 X 0 0 0 KELSIE JONES Director 1.00 0.00 X 0 0 0 PAT LEBLANC Director 1.00 0.00 X 0 0 0 SCARLET SNEED Director 1.00 0.00 X 0 0 0 BILLY HATMAKER Director 1.00 0.00 X 0 0 0 WALTER COSTNER Director 1.00 0.00 X 0 0 0 JOHN JACOWAY CEO 40.00 0.00 X 392348 0 27460 JEFF DAHLSTROM PRESIDENT 40.00 0.00 X 398112 0 27908 KELLY KEENAN COO 40.00 0.00 X 153796 0 19271 KEN COULTHARD PRESIDENT MFS 40.00 0.00 X 318872 0 26731 LEIGH GLOVER MFS REP 40.00 0.00 X 261237 0 23344 SUSAN HAMILTON VP, COMPLIANCE 40.00 0.00 X 112986 0 15639 LELAH HILL VP, HR 40.00 0.00 X 116712 0 13641 CHRISTOPHER O'BRYANT VP COLLECTIONS 40.00 0.00 X 111160 0 19201 1865223 173195 8 false true false DATA BLUE LLC PO BOX 281274 NASHVILLE TN 37228 IT CONSULTING 555056 WALLERLANSDENDORTCH&DAVISLLP 511 UNION ST STE2700 NASH TN 37219 LEGAL 331934 TRADER INTERACTIVE LLC 999 WATERSIDE DRIVE 1900 NORFOLK VA 23510 ADVERTISING 286722 3 0 INTEREST ON LOANS 16289395 16289395 16289395 1183502 1183502 0 0 0 610601 380974 229627 229627 229627 0 0 0 FEE INCOME 2053863 2053863 OTHER NON-OPERATING INC. -156435 -156435 OTHER OPERATING INCOME 4405281 4405281 6302709 24005233 24005233 0 0 0 0 1018895 0 7234082 134847 1032482 528991 0 135049 72965 0 0 0 0 0 2110349 0 0 986650 0 0 65393 1672094 0 545266 0 PROVISION FOR LOAN LOSSES 2118818 LOAN SERVICING EXPENSE 1981231 PROFESSIONAL AND OUTSIDE SERVI 1520511 EDUCATIONAL & PROMOTIONAL EXP. 964602 817144 22939369 0 0 0 2490432 2407445 41678760 31833186 0 0 0 0 287179249 288679108 0 0 26795481 13440731 13883579 13354750 436892 332561 17961372 18013767 0 0 14250388 13828265 377880672 368449082 6143479 4352450 345651252 336400706 351794731 340753156 X 26085941 27695926 26085941 27695926 377880672 368449082 X 1065864 544121 X false false false 3888077 3888077 13737539 4897009 8840530 641188 467487 173701 8528677 8076235 452442 13354750 CERTIFICATES OF DEPOSIT 16113767 C IRA ACCOUNTS 21951988 MONEY MARKET SHARES 47232867 NONMEMBER DEPOSITS 2814000 OTHER SHARES 287339 REGULAR SHARES 136154369 SHARE CERTIFICATES 77713116 SHARE DRAFTS 50247027 336400706 X X true true X X X X X false false false JEFF DAHLSTROM PRESIDENT 341867 33000 23245 13750 14158 426020 JOHN JACOWAY CEO 336364 33000 22984 13750 13710 419808 KELLY KEENAN COO 151265 2531 8152 11119 173067 KEN COULTHARD PRESIDENT MFS 56777 267247 -5152 13750 12981 345603 LEIGH GLOVER MFS REP 45184 215233 820 13272 10072 284581 Part I, Line 1a: Relevant information in regards to selections on 1a. Form 990, Part VI, Line 11b: Form 990 Review Process THE FORM 990 WAS REVIEWED IN DETAIL BY MANAGEMENT BEFORE IT WAS FILED. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts ANNUALLY THE OFFICERS, DIRECTORS, AND KEY EMPLOYEES MUST COMPLETE A DISCLOSURE FORM DISCLOSING ANY POTENTIAL CONFLICTS OF INTEREST. ANY CHANGES THAT MIGHT OCCUR DURING THE YEAR ARE TO BE REPORTED IMMEDIATELY. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available OTHER DOCUMENTS APPROPRIATE FOR PUBLIC VIEWING WILL BE MADE AVAILABLE UPON REQUEST. Other Changes In Net Assets Or Fund Balances - Other Increases POST EMPLOYMENT BENEFIT ADJUSTMENT = $544121 FORM 990 PAGE 12 PART XI LINE 5 FUND BALANCE WAS DECREASED BY $55 DUE TO A DEBIT AGAINST OTHER COMPREHENSIVE INCOME DUE TO UNREALIZED GAINS/LOSSES IN INVESTMENTS DURING 2018. FORM 990 PAGE 12 PART XI LINE 9 OTHER COMPREHENSIVE INCOME WAS INCREASED BY $544,176 AS A RESULT OF INVESTMENT PERFORMANCE IN THE PENSION FUND IN 2018. FORM 990 PAGE 12 PART XII 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. FORM 990 PART VI PAGE 6 LINE 15a THE CREDIT UNION'S PRESIDENT & CEO HAVE THEIR COMPENSATION 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.THE PRESIDENT & CEO HAVE AN EMPLOYMENT CONTRACT. FORM 990 PART VI PAGE 6 LINE 19 NO FORMS ARE MADE AVAILABLE TO THE PUBLIC. SOUTHEAST RESOURCE GROUP INC 220 SOUTH ROYAL OAKS BLVD FRANKLIN TN 37064 263286884 CONSULTING & INVESTING TN SOUTHEAST FINANCIAL C CORP 269928 3176661 1.00000 true MEMBERS FINANCIAL GROUP INC 220 SOUTH ROYAL OAKS BLVD FRANKLIN TN 37064 621805495 INS. SALES & FINANCIAL PRODUCTS TN SOUTHEAST FINANCIAL C CORP 206176 1426494 1.00000 true false false false false false false false false false false false false false false false true false false false SOUTHEAST RESOURCE GROUP INC p 66568 CASH MEMBERS FINANCIAL GROUP INC p 1069418 CASH