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Nonprofit · EIN 62-0382058

SOUTHEAST FINANCIAL CREDIT UNION

Tax-exempt · FRANKLIN, TN 37064

Financials

$29.3M$28.3M2023$31.6M$30.9M2024
Revenue Expenses · by fiscal year end
Financials of SOUTHEAST FINANCIAL CREDIT UNION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$31,581,827$30,863,516$718,311$457,257,969$421,368,314$35,889,655
December 31, 2023990$29,260,817$28,332,559$928,258$474,047,510$439,397,457$34,650,053
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$24,413,753
Investment income
$1,645,680
Net rental income
$19,800
Net gain from sales of assets
-$384,711
Other revenue
$5,522,394

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$2,543,275
Other salaries and wages
$7,764,040
Salaries, compensation and benefits (total)
$12,363,390
Professional fundraising fees
$0
Legal fees
$40,710
Accounting fees
$96,450
Occupancy
$1,506,896
Depreciation
$409,820

Balance sheet and other

Total assets, start of year
$474,047,510
Total assets, end of year
$457,257,969
Total liabilities, end of year
$421,368,314
Net assets, end of year
$35,889,655
Land, buildings and equipment
$12,960,246
Publicly traded securities
$16,597
Gross receipts
$31,966,538
Employees
158
Volunteers
11
Year formed
1936
State of legal domicile
TN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
JEFF DAHLSTROMPRESIDENT
Officer
40$973,657$34,805
JOHN JACOWAYCEO
Officer
40$968,707$30,292
KENDRICK COULTHARDPRESIDENT OF SFWM
Highest-paid employee
40$355,035$29,510
KELLY KEENANCOO
Officer
40$213,565$22,878
DAVID KELLEYCLO
Officer
40$198,952$22,098
RONNIE MILLERCAO
Officer
40$188,393$23,629
LELAH HILLVP, HUMAN RESOURCES
Highest-paid employee
40$184,751$20,490
SUSAN HAMILTONVP, COMPLIANCE AND TRAININ
Highest-paid employee
40$143,186$22,645
JAMES LOCKHARTDIRECTOR, INFORMATION TECHNOLOGY
Highest-paid employee
40$140,926$13,249
DANA KLINGERVP, RISK MANAGEMENT
Highest-paid employee
40$137,262$7,543
CLEO DUCKWORTHCHAIR, BOARD MEMBER
Trustee or director
1$0$0
BEVERLY A HICKSBOARD MEMBER
Trustee or director
1$0$0
KELSIE JONESBOARD MEMBER
Trustee or director
1$0$0
SCARLET SNEEDBOARD MEMBER
Trustee or director
1$0$0
BILLY HATMAKERBOARD MEMBER
Trustee or director
1$0$0
2 more people on this return
NameTitleHours / weekCompensation
WALTER COSTNERBOARD MEMBER
Trustee or director
1$0
TROY CRAWFORDBOARD MEMBER
Trustee or director
1$0
990 for the year ended December 31, 2023: 20 people
NameTitleHours / weekCompensationOther / benefits
JOHN JACOWAYCEO
Officer
40$604,624$28,601
JEFF DAHLSTROMPRESIDENT
Officer
40$591,329$33,685
KENDRICK COULTHARDPRESIDENT OF MFS
Highest-paid employee
40$211,404$33,309
KELLY KEENANCOO
Officer
40$205,046$20,894
DAVID KELLEYCLO
Officer
40$191,087$19,358
LEIGH GLOVERMFS REP
Highest-paid employee
40$183,660$19,337
RONNIE MILLERCAO
Officer
40$177,466$23,720
LELAH HILLVP, HUMAN RESOURCES
Highest-paid employee
40$173,014$18,308
DAVID HARLANMFS REP
Highest-paid employee
40$138,797$17,290
SUSAN HAMILTONVP, COMPLIANCE AND TRAININ
Highest-paid employee
40$131,902$21,526
CLEO DUCKWORTHCHAIR, BOARD MEMBER
Trustee or director
1$0$0
BEVERLY A HICKSBOARD MEMBER
Trustee or director
1$0$0
KELSIE JONESBOARD MEMBER
Trustee or director
1$0$0
SCARLET SNEEDBOARD MEMBER
Trustee or director
1$0$0
BILLY HATMAKERBOARD MEMBER
Trustee or director
1$0$0
WALTER COSTNERBOARD MEMBER
Trustee or director
1$0$0
TROY CRAWFORDBOARD MEMBER
Trustee or director
1$0$0
ROBERT HALEAUDIT COMMITTEE
Trustee or director
1$0$0
JILL ARNOLDCREDIT APPEALS COMMITTEE
Trustee or director
1$0$0
VINCE MALONEAUDIT COMMITTEE
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
220 S ROYAL OAKS BLVD, FRANKLIN, TN 37064-5313
In care of
% JOHN JACOWAY
Principal officer (990 for 2024)
ADAM TOUNGETTE, 220 SOUTH ROYAL OAKS BLVD, FRANKLIN, TN 37064
Signed the 990
ADAM TOUNGETTE, CONTROLLER
Phone
(615) 743-3700
Return prepared by
CRI ADVISORS LLC

Mission

PROVIDE FINANCIAL SERVICES FOR APPROXIMATELY 38,654 MEMBERS IN THE FORM OF LOANS, SAVINGS ACCOUNTS, SHARE CERTIFICATES AND OTHER FINANCIAL SERVICES.

990 for the year ended December 31, 2024

Program accomplishments

  • 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.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
62-0382058
Tax-exempt status
501(c)(14): State-chartered credit union
Donations deductible
No
Exempt since
1952
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$457,257,969
Income (IRS master file)
$31,966,538

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$31,581,827$30,863,516$457,257,969XML
990December 2023$29,260,817$28,332,559$474,047,510XML
990December 2022$24,888,572$23,487,341$454,815,364IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 62-0382058).

Questions about SOUTHEAST FINANCIAL CREDIT UNION

What is the EIN of SOUTHEAST FINANCIAL CREDIT UNION?
The employer identification number (EIN) of SOUTHEAST FINANCIAL CREDIT UNION is 62-0382058.
Is SOUTHEAST FINANCIAL CREDIT UNION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1952.
Are donations to SOUTHEAST FINANCIAL CREDIT UNION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does SOUTHEAST FINANCIAL CREDIT UNION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of SOUTHEAST FINANCIAL CREDIT UNION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SOUTHEAST FINANCIAL CREDIT UNION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of SOUTHEAST FINANCIAL CREDIT UNION?
The 990 for the year ended December 31, 2024 names ADAM TOUNGETTE.
Who are the officers and directors of SOUTHEAST FINANCIAL CREDIT UNION?
The 990 for the year ended December 31, 2024 lists 17 people; 10 received compensation from the organization, the highest $973,657 (JEFF DAHLSTROM, PRESIDENT).
How much revenue does SOUTHEAST FINANCIAL CREDIT UNION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $31,581,827, expenses of $30,863,516 and total assets of $457,257,969 at year end.

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