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CN/IC EMPLOYEES CREDIT UNION

Dec, 31, 2023 — CN/IC EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in MEMPHIS, TN with 1 branch location and about $9.70 million in total assets. Opened 96 years ago in 1928, CN/IC EMPLOYEES CREDIT UNION has about 1,143 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:CN/IC EMPLOYEES CREDIT UNION
Address:
(Main Office)
2005 NONCONNAH BLVD Ste 7
MEMPHIS, TN 38132-2129
Phone:(901) 332-2686
Fax:(901) 332-1197
Website:https://www.cnicecu.net
Branches:1 branch locations
Members:1,143
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:68069
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1928
Last Audited:Jul 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$9,703,870
CEO/Manager:SANDRA L GRIFFIS
Chairperson:Jason Grissom

Call Report

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 701,616
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 993,721
 Other Loans 5,889,752
 TOTAL LOANS 6,883,474
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -136,753
 Land And Building 0
 Other Fixed Assets 244,188
 NCUSIF Deposit 76,319
 All Other Assets 0
  TOTAL ASSETS 9,703,870
LIABILITIES & CAPITAL:  
 Dividends Payable 29,782
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 263,058
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,680,287
 Regular shares 4,452,871
 All Other Shares & Deposits 1,738,087
  TOTAL SHARES & DEPOSITS 7,871,245
  TOTAL LIABILITIES 8,164,085
 Regular Reserve 0
 Other Reserves 344,174
 Undivided Earnings 1,195,611
  TOTAL EQUITY 1,539,785
  TOTAL LIABILITIES, SHARES, & EQUITY 9,703,870
INCOME & EXPENSE  
 Loan Income 503,456
 Investment Income 70,300
 Other Income 114,114
 Total Employee Compensation & Benefits 211,238
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 314,732
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 97,562
 Cost of Funds 72,221
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 20,852
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