Dec, 31, 2023 — TVA MID-SOUTH FEDERAL CREDIT UNION is a federal credit union headquartered in MEMPHIS, TN with 2 branch locations and about $3.54 million in total assets. Opened 60 years ago in 1964, TVA MID-SOUTH FEDERAL CREDIT UNION has about 176 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TVA MID-SOUTH FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 254 Court Ave Ste 109 MEMPHIS, TN 38103-2361 |
| Phone: | (901) 500-7102 |
| Fax: | |
| Website: | n/a |
| Branches: | 2 branch locations |
| Members: | 176 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16520 |
|---|---|
| Membership Type: | Service - Communications and Utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1964 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $3,536,484 |
| CEO/Manager: | Terrie L Snavely |
| Chairperson: | Stuart Farmer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 266,020 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 12,142 |
| Other Loans | 811,872 |
| TOTAL LOANS | 824,014 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,470 |
| Land And Building | 0 |
| Other Fixed Assets | 6 |
| NCUSIF Deposit | 30,926 |
| All Other Assets | 0 |
| TOTAL ASSETS | 3,536,484 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,664 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,351 |
| Regular shares | 2,973,088 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 2,975,439 |
| TOTAL LIABILITIES | 2,981,103 |
| Regular Reserve | 0 |
| Other Reserves | 68,272 |
| Undivided Earnings | 487,109 |
| TOTAL EQUITY | 555,381 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,536,484 |
| INCOME & EXPENSE | |
| Loan Income | 44,559 |
| Investment Income | 90,563 |
| Other Income | 3,372 |
| Total Employee Compensation & Benefits | 37,521 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 37,614 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 393 |
| Cost of Funds | 51,529 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 11,437 |
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