Southeast Financial Credit Union C/O Adam Toungette

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

EIN: 620382058 ✦ Franklin, TN ✦ Designated as a 501(c)(14)

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Overview

What is Southeast Financial Credit Union C/O Adam Toungette?

Southeast Financial Credit Union CO Adam Toungette is a financial institution based in Franklin, Tennessee, serving approximately 39,818 members. They provide a range of financial services, including loans, share accounts, share certificates, and more. Their offerings encompass various programs such as ATM/debit card services, international remittances, business accounts, health savings accounts, and no cost share drafts. Members can also benefit from share certificates with low minimum balance requirements, insurance/investment sales, student scholarships, business loans, and various mortgage loan options. The credit union provides financial education, counseling, and first-time homebuyer programs. With a staff of 173 employees, Southeast Financial Credit Union CO Adam Toungette aims to cater to its members' diverse financial needs.


Official website here: www.southeastfinancial.org

Is Southeast Financial Credit Union C/O Adam Toungette legitimate?

Southeast Financial Credit Union C/O Adam Toungette is a legitimate nonprofit organization registered as a 501(c)(14) entity. Southeast Financial Credit Union C/O Adam Toungette 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: $1,246,562
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,508,981

For more financial information, click here


Official website here: www.southeastfinancial.org

What is the mission statement of Southeast Financial Credit Union C/O Adam Toungette?

The Southeast Financial Credit Union offers financial services to approximately 39,818 members. They provide various financial products such as loans, savings accounts, share certificates, and other financial services. Their offerings include an ATM/Debit Card Program, international remittances, no surcharge ATMs, 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, and a first time homebuyer program.


Official website here: www.southeastfinancial.org

Who is the CEO of Southeast Financial Credit Union C/O Adam Toungette?

Adam Toungette is the Chair, Board Member of Southeast Financial Credit Union C/O Adam Toungette. The CEO's salary of Southeast Financial Credit Union C/O Adam Toungette is $535,530 and their total compensation is $561,615.


Official website here: www.southeastfinancial.org

What is the revenue of Southeast Financial Credit Union C/O Adam Toungette?

Southeast Financial Credit Union C/O Adam Toungette's revenue in 2022 was $24,888,572.


Official website here: www.southeastfinancial.org

Who are the executives of Southeast Financial Credit Union C/O Adam Toungette and what are their salaries?

The average compensation at Southeast Financial Credit Union C/O Adam Toungette during 2022 was $56,390. There are 173 employees and 11 volunteers at Southeast Financial Credit Union C/O Adam Toungette.


Here are 20 key members and their salaries (Southeast Financial Credit Union C/O Adam Toungette's CEO's salary is $535,530 and their total compensation is $561,615):


Cleo Duckworth (Chair, Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Beverly A Hicks (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelsie Jones (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scarlet Sneed (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Billy Hatmaker (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Walter Costner (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Hale (Audit Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jill Arnold (Credit Appeals Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Troy Crawford (Credit Appeals Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vince Malone (Audit Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bernie Leblanc (Credit Appeals Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Dahlstrom (President)
  • Compensation: $517,068
  • Related: $0
  • Other: $30,427
John Jacoway (Ceo)
  • Compensation: $535,530
  • Related: $0
  • Other: $26,085
Kelly Keenan (Coo)
  • Compensation: $193,964
  • Related: $0
  • Other: $21,727
Kendrick Coulthard (President Of Mfs)
  • Compensation: $252,426
  • Related: $0
  • Other: $32,052
Leigh Glover (Mfs Rep)
  • Compensation: $186,070
  • Related: $0
  • Other: $19,806
Susan Hamilton (Vp, Compliance And Trainin)
  • Compensation: $126,351
  • Related: $0
  • Other: $19,048
Lelah Hill (Vp, Human Resources)
  • Compensation: $151,076
  • Related: $0
  • Other: $16,524
David Harlan (Mfs Rep)
  • Compensation: $137,203
  • Related: $0
  • Other: $16,170
Ronnie Miller (Vp, Operations)
  • Compensation: $109,202
  • Related: $0
  • Other: $24,098


Official website here: www.southeastfinancial.org

Where can I find the form 990 for Southeast Financial Credit Union C/O Adam Toungette?

Southeast Financial Credit Union C/O Adam Toungette's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.southeastfinancial.org

Learn more at the official website: www.southeastfinancial.org

Mission Statement of Southeast Financial Credit Union C/O Adam Toungette

Southeast Financial Credit Union CO Adam Toungette, a leading financial institution, is committed to serving approximately 39,818 members by offering various financial services. The organization provides its members with access to loans, savings accounts, share certificates, and other financial products and services. These offerings include an ATM/Debit Card Program, international remittances, no-surcharge ATMs, 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 programs, 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, and a first-time homebuyer program. Through these extensive services, Southeast Financial Credit Union CO Adam Toungette empowers its members to manage their finances effectively and secure their financial future. The institution's dedication to providing a comprehensive range of financial services demonstrates its commitment to helping its members achieve their financial goals.

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Impact




October, 2024

Southeast Financial Credit Union, under the leadership of Adam Toungette, plays a vital role in enhancing the financial well-being of its approximately 39,818 members. By providing an array of financial services, from loans to savings accounts, the credit union empowers its members to achieve their financial goals. This includes offering accessible options such as low minimum balance share certificates, health savings accounts, and business loans, which cater to diverse needs.

The organization excels in promoting financial literacy through educational initiatives and counseling services, helping members make informed financial decisions. Furthermore, the availability of programs like student scholarships and first-time homebuyer assistance demonstrates a commitment to supporting the community's future.

Through innovative services like risk-based loans and share secured credit cards, the credit union fosters opportunities for individuals to build and improve their credit. The ATM/debit card program and no-cost share drafts enhance the convenience of banking, making it easier for members to manage their finances efficiently. Overall, Southeast Financial Credit Union significantly contributes to the financial stability and growth of its members and the broader community in Franklin, TN.




This information is meant to be a general summary of Southeast Financial Credit Union C/O Adam Toungette. 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
$24,888,572 (2022)
Expenses
$23,487,341 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,156,518
  • Program Service Revenue: $17,712,395
  • Gross Receipts: $25,064,243

Assets and Liabilities:

  • Total Assets: $454,815,364
  • Total Liabilities: $421,475,021
  • Net Assets: $33,340,343

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Programs

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

CONSUMER LOANS

Revenue

$11,574,777

RESIDENTIAL RE LOANS

Revenue

$2,924,085

COMM/AG RE LOANS

Revenue

$2,036,053

OTHER LOANS

Revenue

$1,168,401

CONSTRUCTION LOANS

Revenue

$9,079

Organization Details

Founding Year

1936

Principal Officer

Adam Toungette

Main Address

220 SOUTH ROYAL OAKS BLVD, FRANKLIN, TN, 37064

NTEE Category

Code: W60 - Public benefit

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