MID EAST TENNESSEE COMMUNITY CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://metcom.us for more information.
Dec, 31, 2023 — MID EAST TENNESSEE COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in DECATUR, TN with 2 branch locations and about $10.27 million in total assets. Opened 16 years ago in 2008, MID EAST TENNESSEE COMMUNITY CREDIT UNION has about 1,492 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MID EAST TENNESSEE COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 17640 STATE HIGHWAY 58 N DECATUR, TN 37322 |
| Phone: | (423) 334-2100 |
| Fax: | (423) 334-2010 |
| Website: | https://metcom.us |
| Branches: | 2 branch locations |
| Members: | 1,492 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68590 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 2008 |
| Last Audited: | Sep 01, 2018 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $10,268,690 |
| CEO/Manager: | Marsha Hahn |
| Chairperson: |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,644,636 |
| TOTAL INVESTMENTS | 17,862 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 290,304 |
| Other Loans | 4,990,281 |
| TOTAL LOANS | 5,280,585 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -227,221 |
| Land And Building | 398,816 |
| Other Fixed Assets | 28,379 |
| NCUSIF Deposit | 91,483 |
| All Other Assets | 34,150 |
| TOTAL ASSETS | 10,268,690 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 144 |
| Accounts Payable & Other Liabilities | 84,635 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 7,113,072 |
| All Other Shares & Deposits | 3,267,866 |
| TOTAL SHARES & DEPOSITS | 10,380,938 |
| TOTAL LIABILITIES | 10,465,717 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | -197,027 |
| TOTAL EQUITY | -197,027 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 10,268,690 |
| INCOME & EXPENSE | |
| Loan Income | 282,602 |
| Investment Income | 11,927 |
| Other Income | 21,593 |
| Total Employee Compensation & Benefits | 120,653 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 223,125 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 89,193 |
| Cost of Funds | 100,482 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -217,331 |
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