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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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