Dec, 31, 2023 — GALLATIN STEAM PLANT CREDIT UNION is a federally insured state chartered credit union headquartered in GALLATIN, TN with 1 branch location and about $6.87 million in total assets. Opened 68 years ago in 1956, GALLATIN STEAM PLANT CREDIT UNION has about 649 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GALLATIN STEAM PLANT CREDIT UNION |
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Address: (Main Office) | 1499 Steam Plant Rd GALLATIN, TN 37066 |
Phone: | (615) 230-4073 |
Fax: | (615) 452-3603 |
Website: | https://www.steamplantcu.org |
Branches: | 1 branch locations |
Members: | 649 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 63868 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $6,873,918 |
CEO/Manager: | Will L Dennis |
Chairperson: | Joseph Cornwell |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,164,911 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 161,208 |
Other Loans | 4,300,131 |
TOTAL LOANS | 4,461,339 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -63,264 |
Land And Building | 0 |
Other Fixed Assets | 4 |
NCUSIF Deposit | 60,391 |
All Other Assets | 0 |
TOTAL ASSETS | 6,873,918 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 26,637 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 13,441 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 4,050,810 |
All Other Shares & Deposits | 1,634,093 |
TOTAL SHARES & DEPOSITS | 5,684,903 |
TOTAL LIABILITIES | 5,724,981 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,148,937 |
TOTAL EQUITY | 1,148,937 |
TOTAL LIABILITIES, SHARES, & EQUITY | 6,873,918 |
INCOME & EXPENSE | |
Loan Income | 249,167 |
Investment Income | 53,677 |
Other Income | 10,152 |
Total Employee Compensation & Benefits | 66,528 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 85,748 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 40,000 |
Cost of Funds | 68,155 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 57,790 |
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