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Southeast Corporate’s requirement
for membership equals an initial funding of 1/10 of 1% of total assets, with a maximum of $2.0 million, is required in a Membership Capital
Account (MCA) for Regular membership. This is adjusted annually on February 1, based on the member’s average
deposits (not including Membership Capital Accounts and Paid-In-Capital), for a full year ending December 31.
The calculated adjustment will equal 4% of the member’s average deposits. A minimum of 1/10 of 1% of the
member’s total assets will apply.
Associate Membership is also available to credit unions who make investments with Southeast Corporate and place $1000 in a transaction account. To learn more about associate membership you can request a membership packet or call one of our member service representatives at 1-800-342-0203 option 1.
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