Credit Unions Near Me
National Credit Union Service Organization

SHELBY COUNTY FEDERAL CREDIT UNION

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
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
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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
↑ Back to Top

Other Credit Unions

BINSY FEDERAL CREDIT UNION
318 COLLINS STREET
MEMPHIS, TN 38112-3308
LANGSTON BAG CO. EMPLS. SAV. ASSN. CREDIT UNION
1760 S 3RD ST
MEMPHIS, TN 38109-7712
TVA MID-SOUTH FEDERAL CREDIT UNION
254 Court Ave Ste 109
MEMPHIS, TN 38103-2361
BULAB EMPLOYEES FEDERAL CREDIT UNION
1256 N McLean Blvd
MEMPHIS, TN 38108
KELLOGG MEMPHIS EMPLOYEES FEDERAL CREDIT UNION
2168 Frisco Ave
MEMPHIS, TN 38114-4621
CN/IC EMPLOYEES CREDIT UNION
2005 NONCONNAH BLVD Ste 7
MEMPHIS, TN 38132-2129
DELTA REFINING CO EMP FEDERAL CREDIT UNION
2385 Riverport Rd
MEMPHIS, TN 38109
FEDTRUST FEDERAL CREDIT UNION
167 N Main St Ste 102
MEMPHIS, TN 38103-1867
MEMPHIS MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION
577 Dr Ml King Jr Ave
MEMPHIS, TN 38126-1942
KENNEDY VA EMPLOYEES FEDERAL CREDIT UNION
1030 Jefferson Ave
MEMPHIS, TN 38104