# SOUTHEAST FINANCIAL
FRANKLIN, TN · NCUA charter 68599 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/southeast-financial-68599

Who the members are: state charter, organized 1936, low-income designated. 35,238 members of 1,156,441 potential (3.0% of the field); checking penetration 37% (share draft accounts per 100 members); loans per 100 members 79.

**Verdict on the desk:** this could be *ordinary*. Composite score 4 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $474.1M |
| Members | 35,238 (-8.4% YoY) |
| Full-time staff | 126 |
| Net worth | $36.7M |
| Net worth ratio | 7.7% (p2 of band) |
| ROA (annualized) | 0.07% (p10 of band) |
| Total delinquency | 0.77% (p65 of band) |
| Net charge-offs (annualized) | 0.46% (p58 of band) |
| Loans / shares | 87% (p80 of band) |
| Cash / assets | 10.7% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.41% (p91 of band) |
| Operating expense / assets | 4.93% (p93 of band) |
| Vehicles % of loans | 46% (p75 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p19 of band) |
| Vehicle delinquency | 0.65% (p57 of band) |
| Vehicle NCO | 0.68% (p53 of band) |
| Repossessed % of vehicle book | 0.15% (p81 of band) |
| Real estate % of loans | 22% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 7% |
| Commercial % of net worth | 203% |
| Core shares % of member funds | 54% |
| Certificates % of member funds | 31% |
| Average share balance | $7,524 |
| Participations bought / yr | $10.3M |
| Participations sold / yr | $0 |
| Participations outstanding | $68.2M |
| Loans outstanding per 100 members | 79% |
| Loans granted per 100 members, annualized | 13% |
| Average loan balance | $13,710 |
| Loans granted, annualized | $99.5M |

## Participation posture (from the same filings)

Bought $10.3M and sold $0 in the latest annualized quarter; $68.2M outstanding purchased (185.7% of net worth), $1.2M sold and retained. Sold in 0 and bought in 8 of the last 8 quarters. Shares 3.5% year over year.

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **expense trap** (`earn_opex`)
- **delinquency rising** (`aq_dq_rising`)
- **members leaving** (`shrink_members`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | thin capital, expense trap, charge-offs p90 |  |
| 2016-06 | 4 | delinquency 2x band |  |
| 2016-09 | 3 |  | delinquency 2x band |
| 2016-12 | 3 |  |  |
| 2017-03 | 4 | net worth falling, members leaving | charge-offs p90 |
| 2017-06 | 3 |  | net worth falling |
| 2017-09 | 3 |  |  |
| 2017-12 | 4 | losing money |  |
| 2018-03 | 3 |  | losing money |
| 2018-06 | 3 |  |  |
| 2018-09 | 4 | assets shrinking |  |
| 2018-12 | 3 |  | assets shrinking |
| 2019-03 | 2 |  | members leaving |
| 2019-06 | 2 |  |  |
| 2019-09 | 3 | delinquency 2x band |  |
| 2019-12 | 3 |  |  |
| 2020-03 | 3 | losing money | delinquency 2x band |
| 2020-06 | 4 | net worth falling |  |
| 2020-09 | 4 |  |  |
| 2020-12 | 3 |  | net worth falling |
| 2021-03 | 4 | delinquency 2x band, charge-offs p90 | losing money |
| 2021-06 | 3 |  | charge-offs p90 |
| 2021-09 | 3 |  |  |
| 2021-12 | 3 |  |  |
| 2022-03 | 4 | charge-offs p90 |  |
| 2022-06 | 2 |  | delinquency 2x band, charge-offs p90 |
| 2022-09 | 3 | delinquency 2x band |  |
| 2022-12 | 2 |  | delinquency 2x band |
| 2023-03 | 2 |  |  |
| 2023-06 | 2 | net worth falling | expense trap |
| 2023-09 | 2 | expense trap | net worth falling |
| 2023-12 | 2 |  |  |
| 2024-03 | 2 |  |  |
| 2024-06 | 4 | delinquency rising, assets shrinking |  |
| 2024-09 | 3 |  | delinquency rising |
| 2024-12 | 3 |  |  |
| 2025-03 | 4 | net worth falling, losing money | assets shrinking |
| 2025-06 | 3 |  | net worth falling |
| 2025-09 | 3 | delinquency rising | losing money |
| 2025-12 | 3 | members leaving | delinquency rising |
| 2026-03 | 4 | delinquency rising |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2025-07-29 [Rooted in the Community - City Lifestyle](https://news.google.com/rss/articles/CBMiakFVX3lxTE4zMGJUQUVDdWlVdGxRczYyelR0VTl1d3ByM2g0ejQ5ZjY0OWVodUxxUHdpcVlMYTczelZWbk9YMDY2SW94TjJvVUdkR2xWLUhBR2hhZTM4RElPLU5ia0Mydnh2VkFDM0hMRWc?oc=5) · City Lifestyle
- 2023-07-21 [Credit Union Leaders Headed to Music City - 24-7 Press Release Newswire](https://news.google.com/rss/articles/CBMimwFBVV95cUxPdVAtTDdDUl83eG5SYUlRVnp1SWNvOG5oU0JManctaWNDd1NvMmRSa0hkdUpuaUxRRHp2QVlpTmRmWW9lUGhoeEoybW9fQmFvbXhMSm9ZMnc1aGh2OVVjeERNWmF5VG1LM011eDRoWUpVNjV4MVR5eHRmbjJuY3hpWnVid0NLYkVlNC1PbzV6akV1QjA3V1JOQ0VNaw?oc=5) · 24-7 Press Release Newswire
- 2026-08-31 [Best Auto Refinance Lenders in 2026: Compare Top Picks - LendingTree](https://news.google.com/rss/articles/CBMiVkFVX3lxTE5LbUctMTBia3FsSUZOT3VWeGJPeUowMWNLV044N29HMFhVdTFjLWx5X0VaZ1MwNTltS182aUlOWjlodE8zVGlyRkRlazhLQzVsbzZlS293?oc=5) · LendingTree
- 2024-08-17 [Kira Sue Austin - View Obituary & Service Information - Austin & Bell Funeral Home](https://news.google.com/rss/articles/CBMiZkFVX3lxTE9sN3BCcU1xNnY2cDA5SFVtNDEwaDBFSXJSal9mVzVaR2xXeWRSSEV5LWdHR1lVQlJUcUJUemJTSHU1blBoZkRhVThxNF9xb1lnV0ZDU0VhbUZnX3FSYk1VZlE0ekhBZw?oc=5) · Austin & Bell Funeral Home
- 2022-09-15 [Franklin bank president selected as Advisory Council chair by state credit union system - Williamson Herald](https://news.google.com/rss/articles/CBMilwJBVV95cUxQWVpFc1Y2LXVGTG1YcVQxcFo1MXlQUDg0VnhoOGJwQ2VkVm9Fb21BU2wwaWt6LWhzenlMSlhsbGRCMjhWdDdjYmltR0xLbUM1QUctVkNKUDlRenZzZ3YwQ2h4VEQ1R0IwWG1iSUtNSVBIWmtvQU00V2IzaTJ4VHpyNFNQdjVaMlhLd2VkSjNqaFlodk16Q2ZuQ3FUNVVlSDZsQlZ3Z3RRUWJqbGczMHFmakxoeWQ2LVZaeDhua0F1TGpyX0dycEtCSHdIeGdVNVBwcXpPVzVlTVVkdGI0Q0gzZlBlZmxkN1FDVDVXSEpTa3hneFc2SnpRZTB3UW9FS3F6NDVfamhBVWx0WUpPRzhHazg1M3M4a1k?oc=5) · Williamson Herald
- 2020-10-04 [Volunteer Corporate Credit Union Promotes Adkison and Dato - cutoday.info](https://news.google.com/rss/articles/CBMiogFBVV95cUxQeGV2TDVWYnlYdGhtNHlPVzhHWEx1QlprSk1DeTBjM2ZYTEp4WDZUaG9JdXZfMlRzaFYxZXNySzZWWVJlUldOX1FtX2tQZDMySHV2T2xIMlVid0JvcjNxNUJ5TUVPa21MSlBBaHVvQmlhVGlyQkF2SE5vUDhZeHAwaTdQQkc1dnJ6OERTTzExTmhBTzJmYTRhb2hPZXVlTkprVFE?oc=5) · cutoday.info
- 2025-07-24 [Jennifer Harris Obituary - Old Hickory, TN - Dignity Memorial](https://news.google.com/rss/articles/CBMiigFBVV95cUxQNGp2dzkyQjJtdUMxc0dOUk9SRzk4Ykg2bzc3cEk2N2hFekE2bmlxbEg5cjliWWhPbENhczZqbXB1OEstXzNMS2JSbVUyTVBnLVlHZ2QtdDZzZ2lVeWN6UmlXazVlZzJnclZ6RC0wVWFNcTByMkVCUjZ0OXVxa2J4UUx3TFpTVXJhZGc?oc=5) · Dignity Memorial
- 2026-08-31 [Compare Low Boat Loan Rates in September 2026 - LendingTree](https://news.google.com/rss/articles/CBMiSEFVX3lxTFBNLXozaUVmNE1ZaG9fMHZQM0E1ME5TeGJhYmgtUnBfeDFiT2o3aWlPTFdKb3hhMGhtODFRZHVaZmRLOHBYX0ltWQ?oc=5) · LendingTree

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68599 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/55.json (key "68599", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=68599
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide