2025-11-14T10:31:46-06:00 2024-12-31 994625061 CRI ADVISORS LLC 3011 ARMORY DRIVE SUITE 300 NASHVILLE TN 37204 990 2024-01-01 620382058 SOUTHEAST FINANCIAL CREDIT UNION C/O ADAM TOUNGETTE SOUT 6157433700 220 SOUTH ROYAL OAKS BLVD FRANKLIN TN 37064 ADAM TOUNGETTE CONTROLLER 6157433700 2025-11-13 1 0 JOHN V RAYBURN P00429464 6156651811 2025-11-13 2024 2025-03-06 01:10:19Z ADAM TOUNGETTE 220 SOUTH ROYAL OAKS BLVD FRANKLIN TN 37064 31966538 0 1182 X WWW.SOUTHEASTFINANCIAL.ORG X 1936 TN PROVIDE FINANCIAL SERVICES FOR APPROXIMATELY 38,654 MEMBERS IN THE FORM OF LOANS, SAVINGS ACCOUNTS, SHARE CERTIFICATES AND OTHER FINANCIAL SERVICES. 7 7 158 11 0 0 0 0 22256999 24413753 1321503 1645680 5682315 5522394 29260817 31581827 0 0 0 0 12055203 12363390 0 0 0 16277356 18500126 28332559 30863516 928258 718311 474047510 457257969 439397457 421368314 34650053 35889655 X PROVIDE FINANCIAL SERVICES FOR APPROXIMATELY 38,654 MEMBERS IN THE FORM OF LOANS, SAVINGS ACCOUNTS, SHARE CERTIFICATES AND OTHER FINANCIAL SERVICES. 0 0 PROVIDE FINANCIAL SERVICES FOR APPROXIMATELY 38,654 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. 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 5491 0 1 158 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 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 TROY CRAWFORD BOARD MEMBER 1.00 X 0 0 0 JEFF DAHLSTROM PRESIDENT 40.00 X 973657 0 34805 JOHN JACOWAY CEO 40.00 X 968707 0 30292 KELLY KEENAN COO 40.00 X 213565 0 22878 RONNIE MILLER CAO 40.00 X 188393 0 23629 DAVID KELLEY CLO 40.00 X 198952 0 22098 KENDRICK COULTHARD PRESIDENT OF SFWM 40.00 X 355035 0 29510 SUSAN HAMILTON VP, COMPLIANCE AND TRAININ 40.00 X 143186 0 22645 LELAH HILL VP, HUMAN RESOURCES 40.00 X 184751 0 20490 DANA KLINGER VP, RISK MANAGEMENT 40.00 X 137262 0 7543 JAMES LOCKHART DIRECTOR, INFORMATION TECHNOLOGY 40.00 X 140926 0 13249 3504434 0 227139 10 0 1 0 TRADER INTERACTIVE PO BOX 842032 DALLAS TX 75284 ADVERTISING 299435 NETWORK INNOVATIONS LLC PO BOX 735235 CHICAGO IL 60603 NETWORK TECHNOLOGY 248728 CARR RIGGS & INGRAM LLC 3011 ARMORY DRIVE STE 300 NASHVILLE TN 37204 ACCOUNTING 104812 3 CONSUMER LOANS 900099 15780521 15780521 RESIDENTIAL RE LOANS 900099 4583407 4583407 COMM/AG RE LOANS 900099 2837987 2837987 OTHER LOANS 900099 1208425 1208425 CONSTRUCTION LOANS 900099 3413 3413 24413753 2030391 2030391 19800 0 19800 19800 19800 384711 -384711 -384711 -384711 OTHER INCOME 522200 4032040 4032040 FEE INCOME 522200 1470554 1470554 5502594 31581827 31581827 0 0 X 2543275 7764040 2223 1338930 714922 40710 96450 316814 931124 113992 1506896 56221 6379100 409820 PROVISION FOR LOAN LOSS 2472407 CORE PROCESSING EXPENSE 880763 OTHER EXPENSES-PROGSERV 725957 ONLINE BANKING EXPENSE 503738 4066134 30863516 2572583 2394337 34863359 41554042 465608 358087 393149371 368165741 766008 592899 30268773 17308527 13383748 12960246 35449 16597 16471343 16955034 12340041 14260986 474047510 457257969 6987773 6550076 432409684 414818238 439397457 421368314 X 0 0 0 0 34650053 35889655 34650053 35889655 474047510 457257969 X 718311 521291 X 0 0 0 3888077 3888077 14353883 6963396 7390487 662052 537677 124375 10176232 9465854 710378 1188529 341600 846929 12960246 REGULAR SHARES 164319147 SHARE DRAFTS 74134235 IRA ACCOUNTS 22820039 MONEY MARKET SHARES 40470149 SHARE CERTIFICATES 108796668 NONMEMBER DEPOSITS 4278000 414818238 X X 1 1 X X X X X 0 0 0 JEFF DAHLSTROM PRESIDENT 442963 0 505455 0 25239 0 17250 0 17555 0 1008462 0 0 0 JOHN JACOWAY CEO 444135 0 493455 0 31117 0 17250 0 13042 0 998999 0 0 0 KENDRICK COULTHARD PRESIDENT OF SFWM 52869 0 304543 0 -2377 0 17250 0 12260 0 384545 0 0 0 KELLY KEENAN COO 208542 0 1000 0 4023 0 10724 0 12154 0 236443 0 0 0 DAVID KELLEY CLO 198912 0 1000 0 -960 0 9996 0 12102 0 221050 0 0 0 RONNIE MILLER CAO 195719 0 1000 0 -8326 0 9996 0 13633 0 212022 0 0 0 LELAH HILL VP, HUMAN RESOURCES 179801 0 7000 0 -2050 0 8502 0 11988 0 205241 0 0 0 SUSAN HAMILTON VP, COMPLIANCE AND TRAININ 141096 0 1000 0 1090 0 6074 0 16571 0 165831 0 0 0 JAMES LOCKHART DIRECTOR, INFORMATION TECHNOLOGY 141684 0 1000 0 -1758 0 1426 0 11823 0 154175 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 CLOUD SOFTWARE EXPENSE 445,751. DEBIT CARD EXPENSE 417,162. CREDIT CARD PROGRAM EXPENSE 268,520. COMPUTER NETWORK EXPENSE 253,020. LOAN SERVICING EXPENSE 250,648. PLATINUM CARD EXPENSE 246,037. STATEMENT PROCESSING FEES 233,965. BOND PREMIUM 220,346. MERIDIAN LINK EXPENSE 219,944. MEMBER ACCOUNT FRAUD 140,963. MORTGAGE SERVICING EXPENSE 135,046. MISC. TAX 126,968. EXAM FEES 119,601. ALARM AND SECURITY EXPENSE 106,382. OTHER OPERATING EXPENSE 103,298. CREDIT REPORTS 97,752. POSTAGE 96,837. DOCUSIGN EXPENSE 96,651. ARMORED CAR AND COURIER 94,161. BUSINESS LOAN EXPENSE 89,135. MASTERCARD EXPENSE 88,042. BANK SERVICE CHARGES 68,163. COMPUTER FEES 59,160. OTHER MISC EXP 40,951. SMALL EQUIPMENT PURCHASES 24,739. COMPUTER EQUIPMENT LEASE EXPENSE 14,400. BRANCH OPERATIONS MAINTENANCE 3,375. BUSINESS DEVELOPMENT-EVENTS 3,064. COMMUNITY DEVELOPMENT-EVENTS 810. BUSINESS DEVELOPMENT-TRAVEL/MEALS 684. MARKETING OTHER-MISCELLANEOUS 559. FORM 990, PART XI, LINE 9: POST EMPLOYMENT BENEFIT ADJUSTMENT 534,066. FAS 106 ADJUSTMENT -12,775. ONE-TIME ADJUSTMENT FOR CECL (AS DETERMINED UNDER 702.703(B)) 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 RECONCILIATION BETWEEN THE TWO PERIODS WOULD NOT YIELD ANY USEFUL INFORMATION FOR FEDERAL PURPOSES. 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