Our Purpose
Your credit union's success is what we're about.
At Southeast Corporate our mission is:
"To Help Credit Unions Be More Successful."
A Corporate Credit Union
Like all credit unions, Southeast Corporate is owned by the credit unions it serves. We too are a cooperative, and not for profit. By working cooperatively Southeast Corporate leverages the power of our members to make resources available to all. For members this means better prices, greater value, and services designed by credit unions provided by credit union people. Knowing our members and what they need is at the core of how Southeast Corporate does business.
We're a credit union's credit union and provide wholesale financial services to more than 430 credit union members throughout the United States. We offer comprehensive investment, liquidity, consulting, payment-system, funds-transfer and other correspondent services. In addition, the Corporate's consulting services provide assistance with regulatory compliance, ALM modeling, and business continuity. Southeast Corporate has a wealth of expertise that is grounded in years of service to credit unions. Your credit union's success is what we're about.
As a cooperative we have also partnered with other Corporates in our region to cost effectively provide additional services through two Credit Union Service Organizations (CUSOs). Together with the Corporates in Georgia and Virginia we own and operate a core processing system and member interface that we built to meet the unique needs of our credit union owners. Because it is our system we are able to continue to adapt it as needs change. We're able to leverage the collective expertise of three Corporates, share the costs and pass the savings on to our members. Together with the Corporate in Georgia we also operate a business services CUSO, Member Business Solutions providing a turn-key business services program to credit unions and managing all the backroom functions of the business. Member Business Solutions' website is www.mbsllc.org.
Southeast Corporate is the sole owner of a third CUSO, Accolade Investment Advisory. The CUSO offers unbiased portfolio management and reporting solutions for credit unions by leveraging the expertise and infrastructure of the Corporate used for management of its own investment portfolio. Accolade's website is www.Accoladeadvisory.com.
History
Southeast Corporate is one of the nation's largest Corporate credit unions and was established in 1976. In the mid-1970s, the credit union industry envisioned the creation of a half-dozen Corporate credit unions, regional in nature and serving several states. One of these, Southeast Corporate, was granted a charter in February 1976, with a field of membership that included Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina and Tennessee.
Southeast Corporate was originally organized and operated from Redstone Federal Credit Union in Huntsville, AL. In January 1978, Southeast relocated to Tallahassee, FL, where we still are headquartered today. When Southeast left Alabama, we had $4.4 million in assets. A short 30 years later our assets had increased almost a thousand fold.
In March 1982, the Mississippi Corporate merged with Southeast Corporate. Today, Southeast Corporate is one of the top-rated Corporate credit unions in the nation. The majority of our membership is located in Florida, Mississippi, Alabama and Tennessee, but we do serve credit unions in other states and in the Virgin Islands and Puerto Rico.
More than three decades of growth, the philosophy of "people helping people" is stronger than ever at Southeast Corporate. The values of commitment to service, fiscal responsibility and respect for the individual are as important to us now as they were on the day we were founded. At Southeast Corporate membership comes with a promise that your needs matter most.
