Dec, 31, 2023 — TIMBERLINE FEDERAL CREDIT UNION is a federal credit union headquartered in CROSSETT, AR with 3 branch locations and about $81.78 million in total assets. Opened 67 years ago in 1957, TIMBERLINE FEDERAL CREDIT UNION has about 10,819 members and employs 36 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TIMBERLINE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1101 Main St CROSSETT, AR 71635 |
| Phone: | (870) 304-3200 |
| Fax: | (870) 364-6210 |
| Website: | https://www.timberlinefcu.org |
| Branches: | 3 branch locations |
| Members: | 10,819 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11678 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $81,784,799 |
| CEO/Manager: | Matt D Jacobs |
| Chairperson: | James Phifer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,149,702 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 16,971,005 |
| Unsecured Loans | 2,643,218 |
| Other Loans | 33,195,747 |
| TOTAL LOANS | 52,809,970 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -537,641 |
| Land And Building | 2,641,548 |
| Other Fixed Assets | 50,750 |
| NCUSIF Deposit | 657,646 |
| All Other Assets | 229,532 |
| TOTAL ASSETS | 81,784,799 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 10,898 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 909,261 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,977,002 |
| Regular shares | 30,611,439 |
| All Other Shares & Deposits | 27,927,207 |
| TOTAL SHARES & DEPOSITS | 68,515,648 |
| TOTAL LIABILITIES | 69,435,807 |
| Regular Reserve | 0 |
| Other Reserves | 50,649 |
| Undivided Earnings | 12,298,343 |
| TOTAL EQUITY | 12,348,992 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 81,784,799 |
| INCOME & EXPENSE | |
| Loan Income | 3,325,418 |
| Investment Income | 492,643 |
| Other Income | 1,340,639 |
| Total Employee Compensation & Benefits | 1,835,426 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,311,679 |
| Non-operating Income & (Expense) | -27,986 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 484,839 |
| Cost of Funds | 594,984 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 13,896 |
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