SOUTHEASTERN CREDIT UNION (EIN 580801176) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1953

Legal Domicile

Principal Officer

JENNIFER STASIO

Phone

2292442732

Tax Period

2025-01-01 to 2025-12-31

SOUTHEASTERN CREDIT UNION, founded in 1953, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $27.2M in total revenue in fiscal year 2025. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $4.7M, a strong 17% operating margin.

Mission

THE MISSION OF SOUTHEASTERN CREDIT UNION IS TO DELIVER VALUE AND PROVIDE LEGENDARY SERVICE TO ITS MEMBERSHIP.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $23,305,191

Investment Income $3,872,833

Other Revenue $0

TOTAL REVENUE $27,178,024

Expense Breakdown

Grants Paid $75,604

Salaries & Benefits $7,527,342

Fundraising Expenses $0

Other Expenses $14,857,257

TOTAL EXPENSES $22,460,203

Year-over-Year Comparison

	2025	2024	Change
Revenue	$27,178,024	$23,475,823	+0.2%
Expenses	$22,460,203	$19,868,820	+0.1%
Net Income	$4,717,821	$3,607,003	+0.3%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

124

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$924,653

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WAYNE PLUMLY	BOARD - CHAIRPERSON	1.00	Director	$0	$0	$0
C ANTHONY PAYTON	BOARD - VICE CHAIRPERSON	1.00	Director	$0	$0	$0
VALERIE BRYANT	BOARD - TREASURER	1.00	Director	$0	$0	$0
JERRY PERMENTER	BOARD - SECRETARY	1.00	Director	$0	$0	$0
STEPHEN SAINZ	BOARD - DIRECTOR	1.00	Director	$0	$0	$0
CLINT BUSH	BOARD - DIRECTOR	1.00	Director	$0	$0	$0
CHARLES EIDSON	BOARD - DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL E GUDELY	PRESIDENT/CEO	40.00	Officer	$288,881	$48,149	$337,030
JENNIFER STASIO	SVP/CFO	40.00	Officer	$219,882	$34,052	$253,934
ERIC BENNETT	VP CLO	40.00	Officer	$167,155	$23,274	$190,429
MITCHELL BURTON	VP OF RETAIL	40.00	Officer	$122,744	$20,516	$143,260
BERRY TANNER	WAYCROSS AREA EXECUTIVE	40.00	Highest	$128,939	$11,317	$140,256
JEREMY HATCHER	AVP BUSINESS SERVICES	40.00	Highest	$128,601	$20,974	$149,575
CHIP CARROLL	AREA EXECUTIVE	40.00	Highest	$101,043	$19,156	$120,199
GEORGE EDDIE SMITH	SR BUSINESS DEVELOPMENT	40.00	Highest	$136,574	$21,654	$158,228

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$27,178,024	$22,460,203	$417,513,760	$4,717,821
2024	$23,475,823	$19,868,820	$391,341,137	$3,607,003
2023	$19,756,650	$17,037,298	$374,753,426	$2,719,352
2022	$15,882,953	$12,752,800	$341,470,817	$3,130,153
2021	$14,490,315	$12,185,460	$334,399,365	$2,304,855
2020	$14,348,286	$12,345,728	$302,946,528	$2,002,558
2019	$15,050,877	$13,020,537	$262,534,175	$2,030,340
2018	$14,179,907	$12,565,093	$243,771,086	$1,614,814

SOUTHEASTERN CREDIT UNION