Dec, 31, 2023 — CHATTANOOGA AREA SCHOOLS FEDERAL CREDIT UNION is a federal credit union headquartered in CHATTANOOGA, TN with 1 branch location and about $178.37 million in total assets. Opened 89 years ago in 1935, CHATTANOOGA AREA SCHOOLS FEDERAL CREDIT UNION has about 12,006 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CHATTANOOGA AREA SCHOOLS FEDERAL CREDIT UNION |
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Address: (Main Office) | 1201 Bailey Ave CHATTANOOGA, TN 37404-2806 |
Phone: | (423) 624-9094 |
Fax: | (423) 622-3845 |
Website: | https://casfcu.com |
Branches: | 1 branch locations |
Members: | 12,006 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 690 |
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Membership Type: | Educational |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $178,374,868 |
CEO/Manager: | David A Siatkowski |
Chairperson: | John L Maynard, Jr. |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,175,102 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 29,472,666 |
Unsecured Loans | 5,322,346 |
Other Loans | 46,123,231 |
TOTAL LOANS | 80,918,243 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -222,000 |
Land And Building | 400,000 |
Other Fixed Assets | 110,755 |
NCUSIF Deposit | 1,456,895 |
All Other Assets | 0 |
TOTAL ASSETS | 178,374,868 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 666,600 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 206,768 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 53,241,359 |
All Other Shares & Deposits | 101,020,199 |
TOTAL SHARES & DEPOSITS | 154,261,558 |
TOTAL LIABILITIES | 155,134,926 |
Regular Reserve | 0 |
Other Reserves | 10,368,194 |
Undivided Earnings | 12,871,748 |
TOTAL EQUITY | 23,239,942 |
TOTAL LIABILITIES, SHARES, & EQUITY | 178,374,868 |
INCOME & EXPENSE | |
Loan Income | 3,308,494 |
Investment Income | 1,328,642 |
Other Income | 0 |
Total Employee Compensation & Benefits | 1,255,807 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 899,085 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 42,665 |
Cost of Funds | 3,039,798 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -399,579 |
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