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IBM Southeast Employees' Credit Union

Popular Accounts at this Credit Union

2.25%4-year CD48 Month Certificate Promotional
2.25%4-year IRA48 Month Promotional IRA (Traditional, Roth, CESA)
1.77%5-year CD60 Month Certificate

Overview / Commentary
1000 NW 17th Ave
Delray Beach, FL 33445-2555

IBM Southeast Employees' Credit Union is headquartered in Delray Beach and is the 15th largest credit union in the state of Florida. It is also the 267th largest credit union in the nation. It was established in 1969 and as of June of 2017, it had grown to 271 employees and 76,239 members at 15 locations. IBM Southeast Employees' Credit Union has an A health rating.

Field of Membership Restrictions

Membership in IBM Southeast Employees’ Credit Union is open to individuals who live, worship, or attend school in Broward, Hillsborough, Martin, Palm Beach, Pinellas, or St. Lucie Counties in Florida; individuals who live, worship, or attend school in Bartow, Cherokee, Clayton, Cobb, DeKalb, Douglas, Forsyth, Fulton, Gwinnett, Henry, Paulding, or Pickins Counties in Georgia; employees or retirees of the IBMSECU's Member Companies - not listed on the credit union's site. (Membership requirements are listed in the credit union's online application)
See current membership details

Related Posts

IBM Southeast Employees' Credit Union Ups 4-Year CD Rate (2.25% APY) - 9/15/2017

IBM Southeast Employees' CU (FL and GA) is offering a promotional rate on its 48-month Certificate (2.25% APY). Minimum deposit is $1k and capped at $250k.

Limited-Time Certificate Offer - 2.25% 60 Months - SE Florida & Atlanta Area - 5/22/2017

Not as good as last month’s promotion, but at least they’re still regularly offering these special CDs. IBM Southeast Employees’ Credit Union 2.25% APY 60-month term Minimum deposit $1,000 Maximum deposit $250,000 Limit of one Certificate per member Dividends paid annually

Limited-Time Certificate Offer - 1.75% 26 Months - SE Florida & Atlanta Area - 4/5/2017

New limited-time Certificate offer from IBM Southeast Employees’ Credit Union. They keep coming out with newer and better ones! 1.75% APY 26-Month term Minimum deposit $1,000 Maximum deposit $250,000 Limit of one Certificate per member Dividends paid annually Rate effective April 1, 2017, subject to change.

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Reviews (3)

The Best In Banking -IBM Southeast Credit Union

Posted by: Fay | May 9, 2014

My experience with IBM Southeast Employees Federal Credit Union began in 1997. During that year I made a poor decision in purchase a vehicle at a astronomical percentage rate, and had no recourse. A few months later IBM in association with the company I worked for had a promotional event. IBM was able to assist in paying of the high interest loan and help in easing the financial burden I was carrying. In addition, their customer service is fantastic and their willingness to listen to the needs of the customer in a personable way cannot be found in most banking institutions. Since then a feel a sense of gratitude in maintaining my membership with IBM.

One Of The Worst Financial Institutions

I have been a customer with several financial institutions over the years, but I have never dealt with a financial institution that have made as many mistakes as this one. Here is just a few things that happened. When I initially opened my account I provided all the documentation requested. A few months later, I received a request to provide some of the same information. I shook that off though, then I signed up to receive my bank statements on line even though I was still getting them through the mail, lastly, when I moved I provided them with the correct address and then one day I received a 5.00 charge because my mail returned.

Who in the world charges people because their mail returned? I often wondered why they didn't send me an email instead. When I called to get the charge removed the person I spoke with was not personable and could have cared less what I had to say. She didn't offer to remove the charge and acted as if it was normal to be charged. The representatives don't have the proper attitudes and even when you get one that is nice, they are helpless to assist you. That day I made the decision to close my account.

Abusive Fee Policies

Posted by: Sadiebuc | Dec 7, 2014

I setup several accounts with IBM SECU after the 2008 disaster, looking for a big bank alternative. Their lack of electronic deposits (at that time) caused me to close most of my accounts. They convinced me to keep a single account open with $300 in it so I could benefit from other member services and hopefully they would have the technology I was looking for over time.

Fast forward 1+ year and my account is down to $240 after they starting billing me for "lack of use" and then penalizing me for being under the minimum balance. This is obviously not a customer focused policy and amounts to theft in my mind.

A bank is supposed to be a trusted partner and provide a safe place to put your money. And for this favor, you allow them to loan your money to other borrowers (members) so they can make a profit on YOUR money. This bank, however, feels this is not good enough and if you are not spending money, or adding more money, they will drain your account to ZERO, and then charge you a penalty for hitting zero, then threaten your credit if you don't pay the penalties.


Health Grade Components

NCUA #68663
Year Chartered1969
Primary Regulator
Profit Margin
Return on Assets - YTD0.73%
Return on Equity - YTD7.94%
Annual Interest Income$17.9MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$1.08B$929.3MM
LoansQ2 2017vs Q2 2016$786.6MM$622.8MM
DepositsQ2 2017vs Q2 2016$957.7MM$813.6MM
Equity CapitalQ2 2017vs Q2 2016$95.2MM$89.4MM
Loan Loss AllowanceQ2 2017vs Q2 2016$6.3MM$5.3MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$2.8MM$3.3MM
Real Estate OwnedQ2 2017vs Q2 2016$188.00K$381.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

IBM Southeast Employees' Credit Union Savings Account Rates

0.25%*$10k*-HSA Money Market Account
OTHER TIERS: 0.20% Up to $10k
0.10%*$5k*-Membership Savings
OTHER TIERS: 0.01% Up to $2,500 | 0.05% $2,500 - $5k
0.10%$100-Education Share Account
0.10%$100-Roth IRA Share Account
0.10%$100-Traditional Share Account

IBM Southeast Employees' Credit Union Checking Account Rates

0.05%$1k-Grand Checking

IBM Southeast Employees' Credit Union CD Rates

2.25%$25k$250k48 Month Diamond Rewards Certificate
2.25%$25k$250k48 Month Platinum Rewards Certificate
2.25%-$250k48 Month Certificate Promotional
2.22%$1k-84 Month Certificate
1.82%$25k-60 Month Diamond Rewards Certificate
1.82%$25k-60 Month Platinum Rewards Certificate
1.77%$1k-60 Month Certificate
1.31%$25k-36 Month Diamond Rewards Certificate
1.31%$25k-36 Month Platinum Rewards Certificate
1.26%$1k-36 Month Certificate
1.21%$1k-30 Month Certificate
1.06%$25k-24 Month Diamond Rewards Certificate
1.06%$25k-24 Month Platinum Rewards Certificate
1.01%$1k-24 Month Certificate
0.96%$25k-12 Month Diamond Rewards Certificate
0.96%$25k-12 Month Platinum Rewards Certificate
0.95%$1k-18 Month Certificate
0.90%$1k-12 Month Certificate
0.65%$25k-6 Month Diamond Rewards Certificate
0.65%$25k-6 Month Platinum Rewards Certificate
0.60%$1k-6 Month Certificate
0.60%$500-HSA 6 Month Certificate
0.35%$1k-3 Month Certificate

IBM Southeast Employees' Credit Union IRA Rates

2.25%-$250k48 Month Promotional IRA
1.77%$1k-60 Month IRA
1.26%$1k-36 Month IRA
1.01%$1k-24 Month IRA
0.90%$1k-12 Month IRA