Dec, 31, 2023 — BASF CHATTANOOGA FEDERAL CREDIT UNION is a federal credit union headquartered in CHATTANOOGA, TN with 2 branch locations and about $3.09 million in total assets. Opened 65 years ago in 1959, BASF CHATTANOOGA FEDERAL CREDIT UNION has about 463 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BASF CHATTANOOGA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2120 Polymer Dr CHATTANOOGA, TN 37421-2207 |
| Phone: | (423) 892-2938 |
| Fax: | (423) 499-0553 |
| Website: | https://www.basfchattafcu.com |
| Branches: | 2 branch locations |
| Members: | 463 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12826 |
|---|---|
| Membership Type: | Multiple common bond - Primarily chemical |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $3,094,874 |
| CEO/Manager: | Charlene Slatton |
| Chairperson: | Robert Dyer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 277,494 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 266,672 |
| Other Loans | 2,264,397 |
| TOTAL LOANS | 2,531,069 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -22,451 |
| Land And Building | 0 |
| Other Fixed Assets | 12,278 |
| NCUSIF Deposit | 26,693 |
| All Other Assets | 0 |
| TOTAL ASSETS | 3,094,874 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 7,691 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,034 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,759,633 |
| All Other Shares & Deposits | 672,819 |
| TOTAL SHARES & DEPOSITS | 2,432,453 |
| TOTAL LIABILITIES | 2,445,178 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 649,696 |
| TOTAL EQUITY | 649,696 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,094,874 |
| INCOME & EXPENSE | |
| Loan Income | 159,017 |
| Investment Income | 19,270 |
| Other Income | 8,486 |
| Total Employee Compensation & Benefits | 50,896 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 51,751 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,000 |
| Cost of Funds | 24,183 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 53,221 |
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