ibm southeast employees credit union type credit union industry financial services founded ibm boca raton employees federal credit union boca raton florida 1969 headquarters delray beach florida united states products savings ; checking ; consumer loans ; mortgages ; credit cards ; online banking total assets 900 million usd website ibmsecu.org ibm southeast employees credit union also known as ibmsecu was formed in 1969 to serve the employees of ibm . ibmsecu is a state chartered federally insured credit union with more than 900 million in assets and more than 70 000 members . ibmsecu has 16 branches located throughout florida and georgia and approximately 250 employees . ibmsecu s headquarters are located in delray beach florida . 1 contents 1 history 2 products and services 3 safety 4 references 5 external links history edit ibmsecu was formed in 1969 by a group of ibm employees who each deposited 25 cents . on september 17 1969 the credit union was chartered under the name ibm boca raton employees federal credit union to serve ibm employees and retirees in south florida . by year end the credit union s assets were 43 675 . on november 21 1972 ibm boca raton efcu expanded its field of membership throughout the state of florida and the name was changed to ibm florida efcu . by the end of 1972 assets were approaching 2.5 million . on october 31 1977 ibm florida efcu expanded the field of membership again to include alabama mississippi and puerto rico and became ibm southeast employees federal credit union . by year end assets had grown to almost 15 million . over the years ibmsecu has opened its membership to include the state of georgia and also employees of many other companies besides ibm . on july 1 2015 ibmsecu converted from a federally chartered credit union to a florida state chartered credit union and the name was changed to ibm southeast employees credit union ibmsecu . today ibmsecu offers membership to people who work for or are retired from a member company live in an approved county worship or attend school in an approved county or are immediate family members of live in the same household as an existing member . ibmsecu currently has more than 900 million in assets 16 branches 250 employees and more than 70 000 members across the country . 1 products and services edit ibmsecu like all credit unions is a not for profit financial institution that provides a full range of products and services to its members including checking accounts savings accounts money market accounts certificates iras business accounts health savings accounts vehicle loans first mortgages second mortgages credit cards business loans online banking online bill paying mobile banking e statements business services insurance and investment services . as a not for profit organization ibmsecu s profits are returned to its members in the form of lower fees better loan rates and higher dividends than those of other financial institutions . 2 safety edit ibmsecu is insured by the national credit union administration ncua and is an equal housing lender . savings at ibmsecu are insured to at least 250 000 . 3 references edit a b see ncua s credit union data summary & reports http mapping.ncua.gov singleresult.aspx id 68663 retrieved 10 3 2016 see mycreditunion.gov s credit union & bank interest rate comparison http www.mycreditunion.gov about credit unions pages interest rate comparison.aspx retrieved 10 3 2016 see ncua s share insurance page https www.ncua.gov services pages share insurance.aspx retrieved 10 3 16 external links edit official ibm southeast employees credit union web site national credit union administration bauerfinancial inc. official website retrieved from https en.wikipedia.org w index.php title ibm southeast employees % 27 credit union & oldid 743836769 categories banks established in 1969credit unions based in florida navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 11 october 2016 at 15 03 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view