Dec, 31, 2023 — THE WEST TENNESSEE CREDIT UNION is a federally insured state chartered credit union headquartered in ATOKA, TN with 1 branch location and about $18.66 million in total assets. Opened 57 years ago in 1967, THE WEST TENNESSEE CREDIT UNION has about 1,671 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | THE WEST TENNESSEE CREDIT UNION |
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Address: (Main Office) | 13690 Highway 51 S ATOKA, TN 38004 |
Phone: | (901) 837-0431 |
Fax: | (901) 837-0438 |
Website: | https://www.wtncu.org |
Branches: | 1 branch locations |
Members: | 1,671 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60726 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1967 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $18,659,371 |
CEO/Manager: | Kenneth E Newberry |
Chairperson: | Walter A Wise |
ASSETS: | $ Amount |
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Cash & Equivalents | 462,356 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 208,398 |
Unsecured Loans | 1,003,655 |
Other Loans | 15,432,654 |
TOTAL LOANS | 16,644,707 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -185,076 |
Land And Building | 122,705 |
Other Fixed Assets | 3,346 |
NCUSIF Deposit | 171,427 |
All Other Assets | 0 |
TOTAL ASSETS | 18,659,371 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 18,303 |
Notes & Interest Payable | 68,781 |
Accounts Payable & Other Liabilities | 259,189 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,802,234 |
Regular shares | 8,168,913 |
All Other Shares & Deposits | 3,656,377 |
TOTAL SHARES & DEPOSITS | 16,627,523 |
TOTAL LIABILITIES | 16,973,796 |
Regular Reserve | 0 |
Other Reserves | 884,382 |
Undivided Earnings | 801,193 |
TOTAL EQUITY | 1,685,575 |
TOTAL LIABILITIES, SHARES, & EQUITY | 18,659,371 |
INCOME & EXPENSE | |
Loan Income | 690,832 |
Investment Income | 71,466 |
Other Income | 56,045 |
Total Employee Compensation & Benefits | 283,837 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 284,583 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 25,635 |
Cost of Funds | 62,634 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 186,623 |
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