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TENNESSEE VALLEY FEDERAL CREDIT UNION

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
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
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

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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