Dec, 31, 2023 — CEMC EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in CLARKSVILLE, TN with 1 branch location and about $2.52 million in total assets. Opened 65 years ago in 1959, CEMC EMPLOYEES CREDIT UNION has about 590 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CEMC EMPLOYEES CREDIT UNION |
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Address: (Main Office) | 1940 MADISON ST CLARKSVILLE, TN 37043-6521 |
Phone: | (931) 645-2481 |
Fax: | (931) 221-4019 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 590 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68149 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1959 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $2,521,662 |
CEO/Manager: | JOANIE BAGGETT |
Chairperson: | SCOTT BAGWELL |
ASSETS: | $ Amount |
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Cash & Equivalents | 403,783 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 206,953 |
Other Loans | 1,572,370 |
TOTAL LOANS | 1,779,323 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -18,301 |
Land And Building | 0 |
Other Fixed Assets | 271 |
NCUSIF Deposit | 19,756 |
All Other Assets | 0 |
TOTAL ASSETS | 2,521,662 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 2,041 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,936 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 816,084 |
All Other Shares & Deposits | 1,263,779 |
TOTAL SHARES & DEPOSITS | 2,079,863 |
TOTAL LIABILITIES | 2,085,840 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 435,822 |
TOTAL EQUITY | 435,822 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,521,662 |
INCOME & EXPENSE | |
Loan Income | 107,274 |
Investment Income | 23,378 |
Other Income | 1,824 |
Total Employee Compensation & Benefits | 54,330 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 61,939 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 2,811 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 13,396 |
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