Dec, 31, 2023 — JACK DANIEL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in LYNCHBURG, TN with 2 branch locations and about $48.69 million in total assets. Opened 37 years ago in 1987, JACK DANIEL EMPLOYEES CREDIT UNION has about 2,955 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | JACK DANIEL EMPLOYEES CREDIT UNION |
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Address: (Main Office) | 488 MAJORS BLVD LYNCHBURG, TN 37352 |
Phone: | (931) 759-5513 |
Fax: | (931) 759-5607 |
Website: | https://www.jdecu.org |
Branches: | 2 branch locations |
Members: | 2,955 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67197 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1987 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $48,689,153 |
CEO/Manager: | PAMELA H CASE |
Chairperson: | SCOTT PARKS |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,421,056 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 10,234,268 |
Unsecured Loans | 4,102,388 |
Other Loans | 19,300,804 |
TOTAL LOANS | 34,078,324 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -311,384 |
Land And Building | 1,169,371 |
Other Fixed Assets | 26,675 |
NCUSIF Deposit | 453,601 |
All Other Assets | 0 |
TOTAL ASSETS | 48,689,153 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 22,004 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 323,825 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,908,046 |
Regular shares | 19,060,895 |
All Other Shares & Deposits | 19,430,525 |
TOTAL SHARES & DEPOSITS | 43,399,467 |
TOTAL LIABILITIES | 43,745,296 |
Regular Reserve | 0 |
Other Reserves | -215,081 |
Undivided Earnings | 5,158,938 |
TOTAL EQUITY | 4,943,857 |
TOTAL LIABILITIES, SHARES, & EQUITY | 48,689,153 |
INCOME & EXPENSE | |
Loan Income | 1,653,537 |
Investment Income | 411,128 |
Other Income | 150,188 |
Total Employee Compensation & Benefits | 589,629 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 619,536 |
Non-operating Income & (Expense) | 13,786 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 59,424 |
Cost of Funds | 860,891 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 389,351 |
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