Dec, 31, 2023 — CHATTANOOGA FEDERAL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in CHATTANOOGA, TN with 1 branch location and about $65.72 million in total assets. Opened 99 years ago in 1925, CHATTANOOGA FEDERAL EMPLOYEES CREDIT UNION has about 2,812 members and employs 9 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 FEDERAL EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 2011 Stein Dr CHATTANOOGA, TN 37421-1692 |
| Phone: | (423) 892-3738 |
| Fax: | |
| Website: | https://www.cfecu.org |
| Branches: | 1 branch locations |
| Members: | 2,812 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62537 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1925 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $65,716,328 |
| CEO/Manager: | Mark T Fraker |
| Chairperson: | Jack L Boran |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,069,830 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 20,686,194 |
| Unsecured Loans | 2,238,919 |
| Other Loans | 16,709,529 |
| TOTAL LOANS | 39,889,587 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -215,821 |
| Land And Building | 295,481 |
| Other Fixed Assets | 204,126 |
| NCUSIF Deposit | 519,258 |
| All Other Assets | 0 |
| TOTAL ASSETS | 65,716,328 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 51,852 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,747,623 |
| Regular shares | 7,510,718 |
| All Other Shares & Deposits | 41,852,294 |
| TOTAL SHARES & DEPOSITS | 54,110,635 |
| TOTAL LIABILITIES | 54,162,487 |
| Regular Reserve | 0 |
| Other Reserves | 2,573,944 |
| Undivided Earnings | 8,979,897 |
| TOTAL EQUITY | 11,553,841 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 65,716,328 |
| INCOME & EXPENSE | |
| Loan Income | 2,116,390 |
| Investment Income | 599,132 |
| Other Income | 101,449 |
| Total Employee Compensation & Benefits | 671,283 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 781,480 |
| Non-operating Income & (Expense) | 54,828 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 59,500 |
| Cost of Funds | 960,100 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 548,475 |
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