Dec, 31, 2023 — TENNESSEE VALLEY FEDERAL CREDIT UNION is a federal credit union headquartered in CHATTANOOGA, TN with 26 branch locations and about $2.62 billion in total assets. Opened 88 years ago in 1936, TENNESSEE VALLEY FEDERAL CREDIT UNION has about 165,017 members and employs 529 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | TENNESSEE VALLEY FEDERAL CREDIT UNION |
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Address: (Main Office) | 535 Chestnut St CHATTANOOGA, TN 37402 |
Phone: | (423) 634-3600 |
Fax: | (423) 634-3588 |
Website: | https://tvfcu.com |
Branches: | 26 branch locations |
Members: | 165,017 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1520 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $2,620,054,904 |
CEO/Manager: | Todd Fortner |
Chairperson: | David Longmire |
ASSETS: | $ Amount |
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Cash & Equivalents | 525,706,941 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 259,234 |
Real Estate Loans | 957,299,932 |
Unsecured Loans | 54,777,340 |
Other Loans | 894,040,824 |
TOTAL LOANS | 1,941,898,510 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -15,128,172 |
Land And Building | 36,004,206 |
Other Fixed Assets | 9,698,355 |
NCUSIF Deposit | 20,454,368 |
All Other Assets | 293,223 |
TOTAL ASSETS | 2,620,054,904 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 3,728,130 |
Notes & Interest Payable | 70,000,000 |
Accounts Payable & Other Liabilities | 14,732,984 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 504,616,248 |
Regular shares | 1,023,892,695 |
All Other Shares & Deposits | 645,076,983 |
TOTAL SHARES & DEPOSITS | 2,173,585,926 |
TOTAL LIABILITIES | 2,262,210,102 |
Regular Reserve | 0 |
Other Reserves | -99,877 |
Undivided Earnings | 357,944,679 |
TOTAL EQUITY | 357,844,802 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,620,054,904 |
INCOME & EXPENSE | |
Loan Income | 94,372,782 |
Investment Income | 23,922,150 |
Other Income | 12,473,134 |
Total Employee Compensation & Benefits | 40,025,747 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 38,862,381 |
Non-operating Income & (Expense) | 1,183,390 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,215,578 |
Cost of Funds | 22,058,461 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 49,719,581 |
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