Dec, 31, 2023 — TVA COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in MUSCLE SHOALS, AL with 11 branch locations and about $406.33 million in total assets. Opened 88 years ago in 1936, TVA COMMUNITY CREDIT UNION has about 19,639 members and employs 78 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | TVA COMMUNITY CREDIT UNION |
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Address: (Main Office) | 1405 S Wilson Dam Rd MUSCLE SHOALS, AL 35661 |
Phone: | (256) 383-1019 |
Fax: | (256) 386-1257 |
Website: | https://www.tvaccu.com |
Branches: | 11 branch locations |
Members: | 19,639 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68559 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $406,332,778 |
CEO/Manager: | Samuel Clements |
Chairperson: | Larry G Softley, Jr |
ASSETS: | $ Amount |
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Cash & Equivalents | 34,743,379 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 63,446,110 |
Unsecured Loans | 10,754,543 |
Other Loans | 61,099,113 |
TOTAL LOANS | 135,299,766 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -697,061 |
Land And Building | 6,901,469 |
Other Fixed Assets | 239,958 |
NCUSIF Deposit | 3,513,080 |
All Other Assets | 0 |
TOTAL ASSETS | 406,332,778 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 17,275 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 605,349 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 67,433,170 |
Regular shares | 157,534,744 |
All Other Shares & Deposits | 144,599,662 |
TOTAL SHARES & DEPOSITS | 369,567,576 |
TOTAL LIABILITIES | 370,201,610 |
Regular Reserve | 0 |
Other Reserves | -8,526,381 |
Undivided Earnings | 44,657,549 |
TOTAL EQUITY | 36,131,168 |
TOTAL LIABILITIES, SHARES, & EQUITY | 406,332,778 |
INCOME & EXPENSE | |
Loan Income | 6,847,973 |
Investment Income | 6,553,578 |
Other Income | 1,803,154 |
Total Employee Compensation & Benefits | 2,757,022 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,376,585 |
Non-operating Income & (Expense) | 8,876 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 339,727 |
Cost of Funds | 3,348,462 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 5,983,719 |
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