2026-06-03T22:45:43-05:00 2025-12-31 994260840 DOEREN MAYHEW 8785 SW 165TH AVENUE SUITE 303 MIAMI FL 33193 990 2025-01-01 580801176 SOUTHEASTERN CREDIT UNION SOUT 2292442732 PO BOX 2067 VALDOSTA GA 316042067 JENNIFER STASIO PRESIDENT/CEO 2292442732 2026-06-02 1 AUBREY CLEGG P01076395 3052328272 2025 2025-03-06 01:10:19Z JENNIFER STASIO PO BOX 2067 VALDOSTA GA 316042067 27178024 0 X WWW.SOUTHEASTERNCU.COM X 1953 GA THE MISSION OF SOUTHEASTERN CREDIT UNION IS TO DELIVER VALUE AND PROVIDE LEGENDARY SERVICE TO ITS MEMBERSHIP. 7 7 124 7 95875 0 0 0 20477582 23305191 2998241 3872833 0 0 23475823 27178024 141400 75604 0 0 6809788 7527342 0 0 0 12917632 14857257 19868820 22460203 3607003 4717821 391341137 417513760 353314457 372903767 38026680 44609993 X SOUTHEASTERN CREDIT UNION IS A COMMUNITY CHARTERED ORGANIZATION COVERING FOURTEEN SOUTH GEORGIA COUNTIES (BENN HILL, BERRIEN, BROOKS, COLQUITT, COOK, ECHOLS, IRWIN, LANIER, LOWNDES, THOMAS, TIFT, TURNER, WARE, AND PIERCE). SOUTHEASTERN CREDIT UNION IS DEDICATED TO DELIVERING VALUE WHILE PROVIDING LEGENDARY SERVICE. 0 0 SOUTHEASTERN CREDIT UNION SERVED THE FINANCIAL NEEDS OF 24,064 MEMBERS IN 2025. THE CREDIT UNION PROVIDED CONSUMER AND BUSINESS LOANS AND HELD DEPOSITS TOTALING $316,242,091 AND $366,778,122 RESPECTIVELY, THROUGH NINE FULL-SERVICE LOCATIONS. SOUTHEASTERN CREDIT UNION STRIVES TO BE A RESPONSIBLE COMMUNITY CITIZEN, ACTIVELY PARTICIPATING IN NUMEROUS COMMUNITY SERVICE ACTIVITIES AND DONATING OVER $75,000 TO LOCAL SCHOOLS AND CHARITABLE ORGANIZATIONS. THE CREDIT UNION, ALONG WITH ITS EMPLOYEES, CONTRIBUTES TO THE UNITED WAY. 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 10676 0 1 124 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X SOUTHEASTERN CREDIT UNION 2292442732 PO BOX 2067 VALDOSTA GA 316042067 WAYNE PLUMLY BOARD - CHAIRPERSON 1.00 X 0 0 0 C ANTHONY PAYTON BOARD - VICE CHAIRPERSON 1.00 X 0 0 0 VALERIE BRYANT BOARD - TREASURER 1.00 X 0 0 0 JERRY PERMENTER BOARD - SECRETARY 1.00 X 0 0 0 STEPHEN SAINZ BOARD - DIRECTOR 1.00 X 0 0 0 CLINT BUSH BOARD - DIRECTOR 1.00 X 0 0 0 CHARLES EIDSON BOARD - DIRECTOR 1.00 X 0 0 0 MICHAEL E GUDELY PRESIDENT/CEO 40.00 X 288881 0 48149 JENNIFER STASIO SVP/CFO 40.00 X 219882 0 34052 ERIC BENNETT VP CLO 40.00 X 167155 0 23274 MITCHELL BURTON VP OF RETAIL 40.00 X 122744 0 20516 BERRY TANNER WAYCROSS AREA EXECUTIVE 40.00 X 128939 0 11317 JEREMY HATCHER AVP BUSINESS SERVICES 40.00 X 128601 0 20974 CHIP CARROLL AREA EXECUTIVE 40.00 X 101043 0 19156 GEORGE EDDIE SMITH SR BUSINESS DEVELOPMENT 40.00 X 136574 0 21654 1293819 0 199092 8 0 1 0 SYNERGENT PO BOX 1236 PORTLAND ME 04104 CORE PROVIDER 1649224 CONSULTANT AND BUILDERS 3100 MEDLOCK BRIDGE RD PEACHTREE CORNERS GA 30071 CONSULTANT/CONTRACTOR 1412367 VISA PO BOX 742233 LOS ANGELES CA 90074 CORE PRODUCT PROVIDER 314919 AT&T 208 S AKARD STREET DALLAS TX 75202 COMMUNICATION SERVICE 195520 LENDING SOLUTIONS INC 2200 POINT BLVD ELGIN IL 60123 AFTER HOUR CUSTOMER SERVICE 158983 20 LOAN INCOME 522100 18292041 18292041 FEES, CHARGES, AND OTHER INCOME 522100 4917275 4917275 FINANCE AND INSURANCE 522000 95875 95875 23305191 3872833 3872833 27178024 23209316 95875 3872833 X 75604 924653 5109772 326614 718335 447968 6802 102000 2331221 336305 482272 205764 617974 187402 7122043 57600 659763 115224 ATM/VISA/SHARE DRAFT PR 1260025 LOAN SERVICING 592871 PROVISION FOR LOAN LOSS 371000 MAINTENANCE & REPAIRS 202016 206975 22460203 2462430 3260216 29399360 14757075 82456 97122 5412760 5502586 278424695 313191981 876016 780683 17401870 7249878 8977947 10151992 58222382 62388894 1747984 1684943 3341 5731766 5698268 391341137 417513760 2910976 3625645 277425 189933 5000000 2500000 345126056 366588189 353314457 372903767 X 0 0 0 0 38026680 44609993 38026680 44609993 391341137 417513760 4717821 1865492 0 X X 0 1 X 1 0 0 1 X 2947708 2947708 9445271 3551485 5893786 469751 396808 72943 4390096 3229549 1160547 149044 72036 77008 10151992 SHARES 104283730 SHARE DRAFTS 76813170 MONEY MARKETS 67659028 IRA SHARES 3744988 SHARE CERTIFICATES 102389151 IRA CERTIFICATES 11698122 366588189 X 27178024 0 27178024 0 27178024 22460203 0 22460203 0 22460203 PART IV, LINE 2B: AS A MORTGAGE LOAN SERVICER, THE CREDIT UNION RECEIVES PROPERTY TAX PAYMENTS AND INSURANCE PAYMENTS AND THEN REMITS THESE FUNDS TO THE APPLICABLE THIRD PARTIES ON BEHALF OF THE BORROWERS. PART X, LINE 2: INCOME TAXES THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE AND LOCAL INCOME TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE (IRC) AND STATE TAX LAWS. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME DERIVED BY STATE-CHARTERED CREDIT UNIONS. GENERALLY, THESE TAXES ARE INSIGNIFICANT TO THE CREDIT UNION. 1 VALDOSTA STATE UNIVERSITY 1500 N PATTERSON STREET VALDOSTA GA 31698 591961248 501(C)(3) 10000 0 TO FUND THE INVESTMENT CLUB'S USE OF THE BLOOMBERG TERMINAL 1 FORM 990, SCHEDULE I, PART I THE CONTRIBUTION TO VALDOSTA STATE UNIVERSITY IS A FIVE-YEAR COMMITMENT ($10,000 PER YEAR). THE CREDIT UNION'S CEO IS ON THE ORGANIZATION'S ADVISORY BOARD. THE ADVISORY BOARD IS PRESENTED WITH AN ANNUAL REPORT AND ALSO HAS THE OPPORTUNITY TO TOUR THE SCHOOL'S TRADING ROOM. X X X X 0 1 0 MICHAEL E GUDELY PRESIDENT/CEO 288881 0 0 0 0 0 23651 0 24498 0 337030 0 0 0 JENNIFER STASIO SVP/CFO 184767 0 35115 0 0 0 15164 0 18888 0 253934 0 0 0 ERIC BENNETT VP CLO 148584 0 18571 0 0 0 10623 0 12651 0 190429 0 0 0 GEORGE EDDIE SMITH SR BUSINESS DEVELOPMENT 129913 0 6661 0 0 0 10612 0 11042 0 158228 0 0 0 PART I, LINE 4B THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS TO THE PRESIDENT/CEO, EDWARD MICHAEL GUDELY, THROUGH A LOAN REGIME ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR." THE PROMISSORY NOTE SIGNED BY THE PARTICIPATING EXECUTIVE IS SECURED BY THE LIFE INSURANCE POLICIES PURCHASED ON THE EXECUTIVE'S BEHALF. THAT IS, THE EXECUTIVE'S LOAN FUNDS A LIFE INSURANCE POLICY TO ENSURE REPAYMENT. AT SPECIFIED TIMES, THE EXECUTIVE MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE POLICY TO SUPPLEMENT RETIREMENT INCOME UP TO THE PREMIUMS PAID INTO THE POLICIES. THE BORROWINGS ARE MONITORED TO ENSURE THE POLICY WILL PAY A DEATH BENEFIT AT LEAST SUFFICIENT TO COVER THE CREDIT UNION'S EXECUTIVE LOAN ORIGINATION VALUE PLUS THE STATED INTEREST. ANY REMAINING DEATH BENEFITS AFTER REPAYMENT OF THE LOANS ARE DIVIDED BETWEEN THE CREDIT UNION AND THE PARTICIPANT'S BENEFICIARIES AS PER THE CONTRACTUAL AGREEMENT. EDWARD MICHAEL GUDELY CEO TO FUND SPLIT DOLLAR LIFE INSURANCE POLICIES X 4884784 5502586 0 1 1 5502586 SCHEDULE L PART II THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS TO THE PRESIDENT/CEO, EDWARD MICHAEL GUDELY, THROUGH A LOAN REGIME ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR." THE PROMISSORY NOTE SIGNED BY THE PARTICIPATING EXECUTIVE IS SECURED BY THE LIFE INSURANCE POLICIES PURCHASED ON THE EXECUTIVE'S BEHALF. THAT IS, THE EXECUTIVE'S LOAN FUNDS A LIFE INSURANCE POLICY TO ENSURE REPAYMENT. AT SPECIFIED TIMES, THE EXECUTIVE MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE POLICY TO SUPPLEMENT RETIREMENT INCOME UP TO THE PREMIUMS PAID INTO THE POLICIES. THE BORROWINGS ARE MONITORED TO ENSURE THE POLICY WILL PAY A DEATH BENEFIT AT LEAST SUFFICIENT TO COVER THE CREDIT UNION'S EXECUTIVE LOAN ORIGINATION VALUE PLUS THE STATED INTEREST. ANY REMAINING DEATH BENEFITS AFTER REPAYMENT OF THE LOANS ARE DIVIDED BETWEEN THE CREDIT UNION AND THE PARTICIPANT'S BENEFICIARIES AS PER THE CONTRACTUAL AGREEMENT. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE ANNUAL MEETING OF MEMBERS OF THE CREDIT UNION SHALL BE HELD DURING THE MONTH OF MARCH, FOR THE PURPOSE OF ELECTING DIRECTORS AND TRANSACTING ANY AND ALL BUSINESS THAT MAY PROPERLY COME BEFORE THE MEETING. ANY VACANCY ON THE BOARD OR SUPERVISORY COMMITTEE SHALL BE FILLED BY VOTE OF A MAJORITY OF THE DIRECTORS THEN HOLDING OFFICE, EVEN THOUGH LESS THAN A QUORUM. DIRECTORS SO APPOINTED SHALL HOLD OFFICE ONLY UNTIL THE NEXT ANNUAL MEETING, AT WHICH ANY UNEXPIRED TERMS SHALL BE FILLED BY VOTE OF THE MEMBERS, AND UNTIL THE QUALIFICATION OF THEIR SUCCESSORS. MEMBERS OF THE SUPERVISORY COMMITTEE SO APPOINTED SHALL HOLD OFFICE UNTIL THE FIRST REGULAR MEETING OF THE BOARD FOLLOWING THE NEXT ANNUAL MEETING OF MEMBERS AT WHICH THE REGULAR TERM EXPIRES AND UNTIL THE APPOINTMENT AND QUALIFICATION OF THEIR SUCCESSORS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF DIRECTORS AND FIELD OF MEMBERSHIP AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. BYLAWS ADOPTED BY THE BOARD OF DIRECTORS MAY BE ALTERED, AMENDED OR REPEALED, AND NEW BYLAWS ADOPTED BY THE MEMBERS. THE MEMBERS MAY PRESCRIBE THAT ANY BYLAW OR BYLAWS ADOPTED BY THEM SHALL NOT BE ALTERED, AMENDED OR REPEALED, BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B A THIRD-PARTY CPA FIRM PREPARES THE RETURN. THE ENTIRE BOARD REVIEWS IT BEFORE FILING. THE RETURN IS FILED ONCE THE REVIEW AND ANY NECESSARY CORRECTIONS ARE COMPLETED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS ADHERENCE TO THE CONFLICT OF INTEREST POLICY THROUGH EMPLOYEE DISCLOSURE AND MANAGEMENT OF EMPLOYEES. IN THE EVENT OF A POTENTIAL CONFLICT, THE INTERESTED PERSON SHALL RECUSE HIMSELF/HERSELF FROM ALL DISCUSSIONS AND VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE CREDIT UNION'S PERSONNEL COMMITTEE ENGAGED AN INDEPENDENT THIRD-PARTY CONSULTANT TO ANALYZE THE CEO'S COMPENSATION IN 2025 TO DETERMINE ITS REASONABLENESS. THE COMPENSATION FOR ALL OTHER KEY EMPLOYEES IS REVIEWED BY A THIRD-PARTY CONSULTANT AT LEAST ANNUALLY TO ASSESS ITS REASONABLENESS. ALL DECISIONS AND COMPARABILITY DATA ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE NOT MADE AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC ON THE NCUA'S WEBSITE VIA THE 5300 CALL REPORT FILING. FORM 990, PART IX, LINE 11G PROFESSIONAL & OUTSIDE SERVICES 2,331,221. FORM 990, PART IX, LINE 24E SHARE/FRAUD LOSSES 124,058. STATE BANK EXAM FEE 45,725. MISCELLANEOUS 37,163. CASH OVER & SHORT 29. FROM 990, PART XII, LINE 2C THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.