Dec, 31, 2023 — Y-12 FEDERAL CREDIT UNION is a federal credit union headquartered in OAK RIDGE, TN with 16 branch locations and about $1.96 billion in total assets. Opened 74 years ago in 1950, Y-12 FEDERAL CREDIT UNION has about 111,496 members and employs 352 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | Y-12 FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 501 Lafayette Dr OAK RIDGE, TN 37830-7909 |
| Phone: | (865) 482-1043 |
| Fax: | (865) 220-8424 |
| Website: | https://www.y12fcu.org |
| Branches: | 16 branch locations |
| Members: | 111,496 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6775 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,960,867,424 |
| CEO/Manager: | Mark Ziegler |
| Chairperson: | Ron Honeycutt |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 92,734,459 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,015,406,708 |
| Unsecured Loans | 94,264,674 |
| Other Loans | 526,037,094 |
| TOTAL LOANS | 1,636,040,232 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -16,272,078 |
| Land And Building | 21,023,224 |
| Other Fixed Assets | 8,620,156 |
| NCUSIF Deposit | 13,811,942 |
| All Other Assets | 4,968,098 |
| TOTAL ASSETS | 1,960,867,424 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 844,932 |
| Notes & Interest Payable | 151,000,000 |
| Accounts Payable & Other Liabilities | 36,953,711 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 370,687,642 |
| Regular shares | 510,574,860 |
| All Other Shares & Deposits | 685,622,456 |
| TOTAL SHARES & DEPOSITS | 1,566,884,958 |
| TOTAL LIABILITIES | 1,755,683,601 |
| Regular Reserve | 0 |
| Other Reserves | -18,289,194 |
| Undivided Earnings | 223,473,017 |
| TOTAL EQUITY | 205,183,823 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,960,867,424 |
| INCOME & EXPENSE | |
| Loan Income | 81,228,721 |
| Investment Income | 5,644,964 |
| Other Income | 10,749,531 |
| Total Employee Compensation & Benefits | 35,250,016 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 27,960,806 |
| Non-operating Income & (Expense) | -6,064,143 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,624,400 |
| Cost of Funds | 24,253,795 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 23,819,127 |
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