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TVA COMMUNITY CREDIT UNION

Dec, 31, 2023 — TVA COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in MUSCLE SHOALS, AL with 11 branch locations and about $406.33 million in total assets. Opened 88 years ago in 1936, TVA COMMUNITY CREDIT UNION has about 19,639 members and employs 78 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 262276656
Name:TVA COMMUNITY CREDIT UNION
Address:
(Main Office)
1405 S Wilson Dam Rd
MUSCLE SHOALS, AL 35661
Phone:(256) 383-1019
Fax:(256) 386-1257
Website:https://www.tvaccu.com
Branches:11 branch locations
Members:19,639
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:68559
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1936
Last Audited:Sep 01, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$406,332,778
CEO/Manager:Samuel Clements
Chairperson:Larry G Softley, Jr

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 34,743,379
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 63,446,110
 Unsecured Loans 10,754,543
 Other Loans 61,099,113
 TOTAL LOANS 135,299,766
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -697,061
 Land And Building 6,901,469
 Other Fixed Assets 239,958
 NCUSIF Deposit 3,513,080
 All Other Assets 0
  TOTAL ASSETS 406,332,778
LIABILITIES & CAPITAL:  
 Dividends Payable 17,275
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 605,349
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 67,433,170
 Regular shares 157,534,744
 All Other Shares & Deposits 144,599,662
  TOTAL SHARES & DEPOSITS 369,567,576
  TOTAL LIABILITIES 370,201,610
 Regular Reserve 0
 Other Reserves -8,526,381
 Undivided Earnings 44,657,549
  TOTAL EQUITY 36,131,168
  TOTAL LIABILITIES, SHARES, & EQUITY 406,332,778
INCOME & EXPENSE  
 Loan Income 6,847,973
 Investment Income 6,553,578
 Other Income 1,803,154
 Total Employee Compensation & Benefits 2,757,022
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,376,585
 Non-operating Income & (Expense) 8,876
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 339,727
 Cost of Funds 3,348,462
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 5,983,719
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