Dec, 31, 2023 — SHELBY COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in MEMPHIS, TN with 3 branch locations and about $91.56 million in total assets. Opened 63 years ago in 1961, SHELBY COUNTY FEDERAL CREDIT UNION has about 10,806 members and employs 25 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SHELBY COUNTY FEDERAL CREDIT UNION |
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Address: (Main Office) | 160 N Main St Ste 401 MEMPHIS, TN 38103-1866 |
Phone: | (901) 930-0757 |
Fax: | (901) 222-7990 |
Website: | https://shelbycountycu.com |
Branches: | 3 branch locations |
Members: | 10,806 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14733 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Sep 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $91,560,977 |
CEO/Manager: | Raffael Crockett |
Chairperson: | Lisa Wimberly |
ASSETS: | $ Amount |
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Cash & Equivalents | 12,401,877 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 23,556 |
Unsecured Loans | 8,780,515 |
Other Loans | 36,257,716 |
TOTAL LOANS | 45,061,787 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -584,466 |
Land And Building | 210,058 |
Other Fixed Assets | 12,445 |
NCUSIF Deposit | 787,262 |
All Other Assets | 0 |
TOTAL ASSETS | 91,560,977 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,269,403 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 15,943,792 |
Regular shares | 53,270,284 |
All Other Shares & Deposits | 7,923,447 |
TOTAL SHARES & DEPOSITS | 77,137,525 |
TOTAL LIABILITIES | 79,406,928 |
Regular Reserve | 0 |
Other Reserves | -72,086 |
Undivided Earnings | 12,226,135 |
TOTAL EQUITY | 12,154,049 |
TOTAL LIABILITIES, SHARES, & EQUITY | 91,560,977 |
INCOME & EXPENSE | |
Loan Income | 2,332,844 |
Investment Income | 1,492,223 |
Other Income | 1,366,800 |
Total Employee Compensation & Benefits | 1,307,894 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,483,889 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 436,767 |
Cost of Funds | 149,242 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 949,671 |
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