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Southeastern Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 580801176 ✦ Valdosta, GA ✦ Designated as a 501(c)(14)

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Overview

What is Southeastern Credit Union?

Southeastern Credit Union, a community-chartered organization based in Valdosta, Georgia, served over 24,000 members in 2022. With a mission to deliver value and legendary service, they provided business and consumer loans and managed deposits worth approximately $252 million and $305 million, respectively, through eight full-service locations. Covering fourteen South Georgia counties, including Benn Hill, Berrien, Brooks, Colquitt, Cook, Echols, Irwin, Lanier, Lowndes, Thomas, Tift, Turner, Ware, and Pierce, Southeastern Credit Union is dedicated to making a difference in their community.


Official website here: www.southeasterncu.com

Is Southeastern Credit Union legitimate?

Southeastern Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Southeastern Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $703,381
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,423,319

For more financial information, click here


Official website here: www.southeasterncu.com

What is the mission statement of Southeastern Credit Union?

Southeastern Credit Union is committed to delivering value and exceptional service to its membership. As a community-chartered organization, it serves fourteen counties in Georgia. The credit union's mission is to provide superb service while adding value to its members' financial lives. In 2022, Southeastern Credit Union served over 24,000 members, offering acombination of business and consumer loans, totaling approximately $252 million, and deposits totaling around $305 million. The institution strives to meet the diverse financial needs of its members through eight full-service locations.


Official website here: www.southeasterncu.com

Who is the CEO of Southeastern Credit Union?

E Michael Gudely is the Board - Director of Southeastern Credit Union. The CEO's salary of Southeastern Credit Union is $274,865 and their total compensation is $320,196.


Official website here: www.southeasterncu.com

What is the revenue of Southeastern Credit Union?

Southeastern Credit Union's revenue in 2022 was $15,882,953.


Official website here: www.southeasterncu.com

Who are the executives of Southeastern Credit Union and what are their salaries?

The average compensation at Southeastern Credit Union during 2022 was $41,680. There are 123 employees and 7 volunteers at Southeastern Credit Union.


Here are 13 key members and their salaries (Southeastern Credit Union's CEO's salary is $274,865 and their total compensation is $320,196):


Roy Mcneal (Board - Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
C Anthony Payton (Board - Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerry Permenter (Board - Chairpearson Audit Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Eidson (Board - Chairpeson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wayne Plumly (Board - Vice Chairpeson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Dustin Kilby (Board - Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leanna Pledger (Board - Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
E Michael Gudely (President/Ceo)
  • Compensation: $274,865
  • Related: $0
  • Other: $45,331
Jennifer Stasio (Svp/Cfo)
  • Compensation: $188,049
  • Related: $0
  • Other: $34,659
Eric Bennett (Vp Clo)
  • Compensation: $139,057
  • Related: $0
  • Other: $21,420
Kevin Cameron (Vp Of It)
  • Compensation: $108,385
  • Related: $0
  • Other: $19,282
Cynthia Kelley (Mortgage Loan Officer)
  • Compensation: $142,497
  • Related: $0
  • Other: $12,821
Berry Tanner (Waycross Area Executive)
  • Compensation: $137,380
  • Related: $0
  • Other: $10,707


Official website here: www.southeasterncu.com

Where can I find the form 990 for Southeastern Credit Union?

Southeastern Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.southeasterncu.com

Learn more at the official website: www.southeasterncu.com

Mission Statement of Southeastern Credit Union

Southeastern Credit Union, a community-chartered organization, is committed to delivering value and legendary service to its membership. This mission drives the team at Southeastern Credit Union to prioritize the financial needs of its 24,940 members. With a coverage area spanning fourteen counties in Georgia, Southeastern Credit Union is dedicated to ensuring that each member receives personalized attention and outstanding service.

Through eight full-service locations, Southeastern Credit Union offers business and consumer loans as well as deposits. In 2022, the credit union facilitated approximately $252,000,000 in loans and $305,000,000 in deposits. This significant financial impact underscores the organization's commitment to providing valuable financial solutions to its members.

At the heart of Southeastern Credit Union's operations is a strong emphasis on delivering value and exceptional service. By focusing on the unique needs of each member, the credit union fosters long-lasting relationships and builds a strong community. Through its dedicated team and full-service locations, Southeastern Credit Union continues to empower its members to achieve their financial goals.

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Impact




October, 2024

Southeastern Credit Union significantly impacts its community by serving the financial needs of nearly 25,000 members across fourteen counties in South Georgia. In 2022, it facilitated approximately $252 million in business and consumer loans, alongside managing $305 million in deposits. With eight full-service locations, the credit union not only fosters financial stability for its members but also plays a crucial role in the economic growth of the region. Its commitment to delivering value and providing legendary service underlines its dedication to supporting and uplifting the local community through responsible banking and financial services.




This information is meant to be a general summary of Southeastern Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$15,882,953 (2022)
Expenses
$12,752,800 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,030,591
  • Program Service Revenue: $14,852,362
  • Gross Receipts: $15,882,953

Assets and Liabilities:

  • Total Assets: $341,470,817
  • Total Liabilities: $309,037,945
  • Net Assets: $32,432,872

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LOAN INCOME

Revenue

$9,835,117

FEES, CHARGES, AND OTHER INCOME

Revenue

$4,934,446

FINANCE AND INSURANCE

Revenue

$82,799

Organization Details

Founding Year

1953

Principal Officer

E Michael Gudely

Main Address

PO BOX 2067, VALDOSTA, GA, 316042067

NTEE Category

Code: W61 - Public benefit

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