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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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