Dec, 31, 2023 — ALCOA TENN FEDERAL CREDIT UNION is a federal credit union headquartered in ALCOA, TN with 5 branch locations and about $378.62 million in total assets. Opened 88 years ago in 1936, ALCOA TENN FEDERAL CREDIT UNION has about 25,508 members and employs 80 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ALCOA TENN FEDERAL CREDIT UNION |
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Address: (Main Office) | 124 N Hall Rd ALCOA, TN 37701-2648 |
Phone: | (865) 977-3118 |
Fax: | (865) 977-0253 |
Website: | https://www.atfcu.com |
Branches: | 5 branch locations |
Members: | 25,508 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1509 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $378,622,059 |
CEO/Manager: | David Gill |
Chairperson: | Al Cage |
ASSETS: | $ Amount |
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Cash & Equivalents | 55,524,268 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 146,683,596 |
Unsecured Loans | 8,320,369 |
Other Loans | 76,423,284 |
TOTAL LOANS | 231,427,249 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,163,482 |
Land And Building | 11,176,028 |
Other Fixed Assets | 1,753,316 |
NCUSIF Deposit | 3,217,528 |
All Other Assets | 10,312 |
TOTAL ASSETS | 378,622,059 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,960,872 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 77,210,603 |
Regular shares | 158,097,283 |
All Other Shares & Deposits | 102,110,145 |
TOTAL SHARES & DEPOSITS | 337,418,031 |
TOTAL LIABILITIES | 340,031,747 |
Regular Reserve | 0 |
Other Reserves | -4,108,016 |
Undivided Earnings | 42,698,328 |
TOTAL EQUITY | 38,590,312 |
TOTAL LIABILITIES, SHARES, & EQUITY | 378,622,059 |
INCOME & EXPENSE | |
Loan Income | 10,867,041 |
Investment Income | 3,629,257 |
Other Income | 1,936,177 |
Total Employee Compensation & Benefits | 5,215,847 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 6,050,909 |
Non-operating Income & (Expense) | -157 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 131,305 |
Cost of Funds | 1,875,225 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 5,530,174 |
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