Dec, 31, 2023 — UPPER CUMBERLAND FEDERAL CREDIT UNION is a federal credit union headquartered in CROSSVILLE, TN with 4 branch locations and about $116.09 million in total assets. Opened 89 years ago in 1935, UPPER CUMBERLAND FEDERAL CREDIT UNION has about 8,422 members and employs 32 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UPPER CUMBERLAND FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 627 Livingston Rd CROSSVILLE, TN 38555 |
| Phone: | (931) 484-9433 |
| Fax: | (931) 707-9842 |
| Website: | https://www.ucfcu.org |
| Branches: | 4 branch locations |
| Members: | 8,422 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 832 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $116,087,936 |
| CEO/Manager: | Denise E Cooper |
| Chairperson: | Tony L Brock |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,401,318 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 21,265,863 |
| Unsecured Loans | 4,683,190 |
| Other Loans | 42,392,555 |
| TOTAL LOANS | 68,341,608 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -632,430 |
| Land And Building | 4,417,621 |
| Other Fixed Assets | 295,192 |
| NCUSIF Deposit | 1,056,356 |
| All Other Assets | 0 |
| TOTAL ASSETS | 116,087,936 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 670 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,123,561 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 21,660,230 |
| Regular shares | 73,058,440 |
| All Other Shares & Deposits | 9,165,268 |
| TOTAL SHARES & DEPOSITS | 103,883,938 |
| TOTAL LIABILITIES | 105,008,169 |
| Regular Reserve | 0 |
| Other Reserves | 689,866 |
| Undivided Earnings | 10,389,901 |
| TOTAL EQUITY | 11,079,767 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 116,087,936 |
| INCOME & EXPENSE | |
| Loan Income | 3,920,356 |
| Investment Income | 1,163,482 |
| Other Income | 1,459,077 |
| Total Employee Compensation & Benefits | 1,921,593 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,455,439 |
| Non-operating Income & (Expense) | 9,400 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 160,363 |
| Cost of Funds | 1,321,598 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,073,210 |
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