Dec, 31, 2023 — COLLEGEDALE CREDIT UNION is a federally insured state chartered credit union headquartered in COLLEGEDALE, TN with 1 branch location and about $44.87 million in total assets. Opened 72 years ago in 1952, COLLEGEDALE CREDIT UNION has about 4,810 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: | COLLEGEDALE CREDIT UNION |
|---|---|
| Address: (Main Office) | 5046 University Drive COLLEGEDALE, TN 37315 |
| Phone: | (423) 396-2101 |
| Fax: | (423) 396-2702 |
| Website: | https://www.collegedale.org |
| Branches: | 1 branch locations |
| Members: | 4,810 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68167 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $44,874,293 |
| CEO/Manager: | Joy J Traxler |
| Chairperson: | David Ruhling |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,084,590 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 17,891,127 |
| Unsecured Loans | 560,980 |
| Other Loans | 4,715,902 |
| TOTAL LOANS | 23,341,935 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -140,535 |
| Land And Building | 448,550 |
| Other Fixed Assets | 163,315 |
| NCUSIF Deposit | 402,288 |
| All Other Assets | 0 |
| TOTAL ASSETS | 44,874,293 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,302 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 219,324 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 17,880,810 |
| Regular shares | 21,800,364 |
| All Other Shares & Deposits | 1,469,200 |
| TOTAL SHARES & DEPOSITS | 41,150,374 |
| TOTAL LIABILITIES | 41,371,000 |
| Regular Reserve | 0 |
| Other Reserves | 1,686,015 |
| Undivided Earnings | 1,817,278 |
| TOTAL EQUITY | 3,503,293 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 44,874,293 |
| INCOME & EXPENSE | |
| Loan Income | 1,167,252 |
| Investment Income | 555,392 |
| Other Income | 293,013 |
| Total Employee Compensation & Benefits | 716,976 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,023,329 |
| Non-operating Income & (Expense) | -11,964 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 127,010 |
| Cost of Funds | 42,442 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 112,588 |
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