Southeast Financial Credit Union CD Rates and Review

July 18, 2010 No Comments »

Southeast Financial Credit Union, based out of Chatanooga, Tennessee, has some fairly decent CD rates currently available to their members – so we thought we’d give a quick review and recap of their company and current deposit products.

SFCU was first established in 1936 as Tennessee Telco Credit Union and later becoming Southeast Financial. This move was enacted to better reflect the diverse composition of their growing membership. Today, Southeast Financial is one of the largest credit unions in the state of Tennessee. They have more than 60,000 members in several states, with an estimated potential membership of over 1,350,000. Their membership base includes employees of BellSouth, employees of the state of Tennessee, and more than 200 other select employee groups.

Southeast Financial assets total over $416 million. They are state chartered and federally insured through the National Credit Union Share Insurance Fund. They have the 5th largest MEMBERS Financial Services program in the country for investments/annuities.

Current CD Rates offered through Southeast Financial Credit Union:

Type Minimum Deposit APY*
DreamBuilder 6 Month Certificate $100.00 0.75%
90 Day** $500.00 0.75%
6 Month $500.00 1.00%
1 Year $500.00 1.30%
18 Month $500.00 1.40%
2 Year $500.00 1.50%
30 Month $500.00 1.65%
3 Year $500.00 1.75%
4 Year $500.00 2.00%
5 Year $500.00 2.10%

To put the above offers in perspective, the current national averages for 6 month CDs, 12 month CDs, and 3 year CDs sits at roughly 0.78% APY, 1.14% APY and 1.90% APY, respectively.

Like all bank rates, these CD rates are time sensitive in nature, so please refer to the date of this article for accuracy. You can compare these rates with the best CD rates in Tennessee to see how they stack up!

Southeast Financial Credit Union has 17 branch locations, including branches in Athens, Knoxville, Chattanooga, Goodlettsville, LaVergne and Jackson, two locations in Brentwood, two in Franklin, two in Memphis, and four locations in Nashville. Outside the state of Tennessee, we have branches in Corinth, Mississippi, and Bowling Green, Kentucky.

Related Posts