Dec, 31, 2023 — CLEVELAND-BRADLEY CTY TEACHER FEDERAL CREDIT UNION is a federal credit union headquartered in CLEVELAND, TN with 2 branch locations and about $63.86 million in total assets. Opened 63 years ago in 1961, CLEVELAND-BRADLEY CTY TEACHER FEDERAL CREDIT UNION has about 4,334 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CLEVELAND-BRADLEY CTY TEACHER FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 420 Central Ave NW CLEVELAND, TN 37311 |
| Phone: | (423) 479-6392 |
| Fax: | (423) 476-5262 |
| Website: | https://www.cbctfcu.com |
| Branches: | 2 branch locations |
| Members: | 4,334 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14677 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $63,864,120 |
| CEO/Manager: | Leslie Sims |
| Chairperson: | Ritchie Stevenson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,232,534 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 11,174,133 |
| Unsecured Loans | 1,148,605 |
| Other Loans | 15,311,655 |
| TOTAL LOANS | 27,634,394 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -88,508 |
| Land And Building | 1,742,646 |
| Other Fixed Assets | 52,799 |
| NCUSIF Deposit | 517,433 |
| All Other Assets | 0 |
| TOTAL ASSETS | 63,864,120 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 384,580 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 536,570 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,900,620 |
| Regular shares | 35,198,834 |
| All Other Shares & Deposits | 9,772,644 |
| TOTAL SHARES & DEPOSITS | 54,872,098 |
| TOTAL LIABILITIES | 55,793,248 |
| Regular Reserve | 0 |
| Other Reserves | 2,177,556 |
| Undivided Earnings | 5,893,316 |
| TOTAL EQUITY | 8,070,872 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 63,864,120 |
| INCOME & EXPENSE | |
| Loan Income | 1,191,414 |
| Investment Income | 715,578 |
| Other Income | 432,490 |
| Total Employee Compensation & Benefits | 547,078 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 779,400 |
| Non-operating Income & (Expense) | -3,625 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,500 |
| Cost of Funds | 531,321 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 510,902 |
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