Mission

Southeast Corporate is a credit union's credit union providing wholesale financial services to more than 430 credit union members throughout the United States. With more than $3.5 billion in assets, Southeast Corporate offers comprehensive investment, liquidity, consulting, payment-system, funds-transfer and other correspondent services. In addition, the corporate's consulting services provide assistance with charter conversions, ALM modeling and strategic planning. Southeast Corporate, the nation's fourth largest corporate credit union, was established in 1976.

Vision

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 and didn't employ any staff. By comparison, as of June 30, 2008, Southeast Corporate's total assets stood at $3.86 billion and we employed 134 staff, with facilities in Tallahassee and Jacksonville and employees off-site in Brentwood, TN, Lafayette, TN, Crestview, FL, Tampa, FL, Lake Worth, FL, Fort Lauderdale, FL and Santee, CA.

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, as reflected by our AA rating from Standard and Poor's and strong capitalization. Southeast Corporate currently serves credit unions ranging in size from $86,000 to $10 billion in assets. We have 466 total members, which comprise 433 credit unions, 14 chapters and associations, and 19 CUSOs. The majority of our membership is located in Florida and Mississippi. We also serve credit unions in nineteen other states (including 40 in Alabama and 30 in Tennessee), as well as five in the Virgin Islands and five in Puerto Rico.

In addition, Southeast Corporate is a partner with Georgia Central Credit Union in two CUSOs: Corporate Synergies, LLC, and Member Business Solutions, LLC. Corporate Synergies was formed to create a core system we call Member$MART, thereby building a platform for more proficient operations and services that enhances our service to members. Member Business Solutions provides credit unions with business services such as lending, merchant processing, deposits, payroll and other value-added services, all of which represent substantial opportunities for credit unions to expand their services to the small-business community.

Southeast Corporate is the sole owner of Accolade Investment Advisory. The CUSO offers unbiased portfolio management and reporting solutions, which leverage the investments made by the corporate in management of its own investment portfolio.

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 back in 1976.