Dec, 31, 2023 — APPALACHIAN COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in KINGSPORT, TN with 6 branch locations and about $165.79 million in total assets. Opened 31 years ago in 1993, APPALACHIAN COMMUNITY FEDERAL CREDIT UNION has about 12,350 members and employs 54 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | APPALACHIAN COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 201 E New St KINGSPORT, TN 37660-4334 |
| Phone: | (423) 378-3778 |
| Fax: | |
| Website: | https://www.myacfcu.org |
| Branches: | 6 branch locations |
| Members: | 12,350 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24495 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1993 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $165,790,867 |
| CEO/Manager: | Andrew Mullins |
| Chairperson: | Joe Boggs |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,695,620 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 88,213,351 |
| Unsecured Loans | 6,101,042 |
| Other Loans | 49,953,634 |
| TOTAL LOANS | 145,036,510 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,445,999 |
| Land And Building | 5,297,577 |
| Other Fixed Assets | 465,409 |
| NCUSIF Deposit | 1,377,616 |
| All Other Assets | 271,587 |
| TOTAL ASSETS | 165,790,867 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 33 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 929,672 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 1,714,286 |
| Share Drafts | 25,664,973 |
| Regular shares | 38,811,541 |
| All Other Shares & Deposits | 82,555,937 |
| TOTAL SHARES & DEPOSITS | 147,032,451 |
| TOTAL LIABILITIES | 149,676,442 |
| Regular Reserve | 0 |
| Other Reserves | -62,483 |
| Undivided Earnings | 16,176,908 |
| TOTAL EQUITY | 16,114,425 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 165,790,867 |
| INCOME & EXPENSE | |
| Loan Income | 8,168,618 |
| Investment Income | 513,537 |
| Other Income | 2,820,369 |
| Total Employee Compensation & Benefits | 3,668,809 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,216,563 |
| Non-operating Income & (Expense) | 922,368 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 311,117 |
| Cost of Funds | 2,758,970 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,242,560 |
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