Our Story, At a Glance
Our humble beginning of five IBM employees each pitching in a quarter to start our credit union has led us to over $1.132 Billion in assets, 19 branch locations, and over 83,000 members and counting. From our first branch established in 1969 to going virtual in 2018, we’ve surpassed milestones that seemed unimaginable 50 years ago. Although we’ve experienced nothing short of change and growth throughout the years, one thing remains the same: our commitment to our members.
Join us as we reflect and celebrate the accomplishments that paved the path to our golden anniversary.
1969
CU opens as IBM Boca Raton Employees’ Federal Credit Union
1975
Checking/Sharedrafts are offered
1979
Visa Classic Card is offered
1980
Atlanta IBM Credit Union (Wildwood) merges with IBM Southeast EFCU
1982
ATMs are installed
1985
CU Headquarters is built in Boca Raton; assets reach $100M
1987
First mortgages are offered
1988
Lary McCants is named CEO
1990
Service Plus (call center) is started
1994
CU celebrates its 25th anniversary on 09/17/1994
1995
CU logo changes to a Diamond
1996
Olympic Games held in Atlanta – the Olympic torch made its way around Atlanta Branches; Online Banking is launched; IBM closes Boca Raton facility
1997
South Cobb Branch opens in Smyrna, GA
2000
Barrett Parkway Branch in Atlanta is opened
2001
IBMSECU Service Excellence is introduced
2002
Southeast Florida Credit Union (Cypress Creek Branch) merges with IBM Southeast EFCU
2004
PGA Credit Union (Palm Beach Gardens Branch) merges with IBM Southeast EFCU
2005
Phenix Pride Federal Credit Union (Southlake and Federal Center Branches) merges with IBM Southeast EFCU
2006
H2O Credit Union (West Palm Beach Branch) merges with IBM Southeast EFCU
2008
Barfield Branch is opened; Yardwide Federal Credit Union (Mansell Commons Branch) merges with IBM Southeast EFCU
2009
Delray Beach Branch opens and becomes new Headquarters; CMAR Credit Union (Jasper and Marietta Branches) merges with IBM Southeast EFCU
2011
Facebook, Twitter, YouTube, and LinkedIn social media channels launch; iPhone and Android apps offered
2013
Lary B. McCants (CEO/President) retires after 25 years of service; Mike Miller (current CEO/President) joins the CU
2015
Name change takes place – now known as IBM Southeast Employees’ Credit Union (IBMSECU) due to our conversion from a Federal to a state Charter
2016
Southeast Credit Union Foundation launches
2017
IBMSECU reaches $1 Billion in assets; Mackinac Savings Bank merges with IBMSECU
2018
Virtual branch is created to onboard members who have joined online