Select Seven Federal Credit Union
Headquarters
Po Box 3750
Johnson City, TN 37602
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2024 Overview
General Credit Union Information
Select Seven is an NCUA insured institution located in Johnson City, TN. It was founded in 1949 and has approximately $56.56 millions in assets.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 6079 |
| Date Established | 1949 |
| Assets | $56.56 million |
| Loans | $48.19 million |
| Deposits | $48.99 million |
| Capital | $6.83 million |
Field of Membership Restrictions
If you live, work, worship, or attend school in Washington, Unicoi, Hawkins,Carter, or Sullivan Counties, Tennessee, or Scott or Washington Counties, Virginia.
Deposit Rates - April 26, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.20% | $2,500 | $4,999 |
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|
|
Money Market
|
0.30% | $2,500 | $2,999 |
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|
|
Money Market
|
0.40% | $10,000 | $14,999 |
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|
|
Money Market
|
0.45% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.40% | $1,000 | - |
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|
| 12 Mo CD
|
0.55% | $1,000 | - |
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|
| 24 Mo CD
|
0.70% | $1,000 | $14,999 |
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|
| 36 Mo CD
|
0.90% | $1,000 | - |
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|
| 48 Mo CD
|
0.95% | $1,000 | - |
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|
| 60 Mo CD
|
1.00% | $1,000 | - |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.25% | $2,500 | $3,499 | Learn More |
Loan Rates - April 26, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Select Seven
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
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|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.734% | 6.625% | 0.88 | $3,603 | $2,049 | Learn More |
NMLS ID: 3029 |
7.008% | 6.875% | 0.88 | $4,492 | $2,103 | Learn More |
NMLS ID: 3030 |
7.476% | 7.375% | 1.00 | $3,200 | $2,211 | Learn More |
NMLS ID: 1907 |
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Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Select Seven
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Branches
Below are Select Seven branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
SELECT SEVEN is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Select Seven Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Select Seven. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Select Seven | U.S. Average |
|---|---|
| 3.02% | 6.97 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of December 31, 2023, Select Seven had $198,417 in non-current loans and $16,075 in owned assets. To cover these potential losses it had $6,831,242 in net worth and $263,758 in loans loss reserves. That gives it a Texas Ratio of 3.02%.
Net Worth
| Select Seven | U.S. Average |
|---|---|
| 12.06% | 13.62% |
Select Seven FCU has a net worth of 12.06% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Select Seven
Peeved consumer
June 7, 2023 |
They have my money and refuse to give it back, They have violated the law as they refuse to even turn it over to the state as abandoned property if nothing else. They refuse to even respond.
Is this review helpful? Yes:1 / No: 0
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