Dec, 31, 2020 — TIMBERLINE FEDERAL CREDIT UNION is a federal credit union headquartered in CROSSETT, AR with 3 branch locations and about $78.15 million in total assets. Opened 64 years ago in 1957, TIMBERLINE FEDERAL CREDIT UNION has about 10,076 members and employs 34 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TIMBERLINE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | PO BOX 929 CROSSETT, AR 71635-0929 |
| Phone: | (870) 304-3200 |
| Fax: | (870) 364-6210 |
| Website: | http://www.timberlinefcu.org |
| Branches: | 3 branch locations |
| Members: | 10,076 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11678 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Dec 01, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $78,147,440 |
| CEO/Manager: | Matt D Jacobs |
| Chairperson: | Jeffrey Robinson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,174,001 |
| TOTAL INVESTMENTS | 24,837,314 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 16,610,286 |
| Unsecured Loans | 2,450,778 |
| Other Loans | 19,913,388 |
| TOTAL LOANS | 38,974,452 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -180,082 |
| Land And Building | 2,945,567 |
| Other Fixed Assets | 37,732 |
| NCUSIF Deposit | 618,426 |
| All Other Assets | 2,740,030 |
| TOTAL ASSETS | 78,147,440 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,683 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 346,422 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,852,225 |
| Regular shares | 28,521,591 |
| All Other Shares & Deposits | 27,015,890 |
| TOTAL SHARES & DEPOSITS | 63,389,706 |
| TOTAL LIABILITIES | 63,738,811 |
| Regular Reserve | 4,264,053 |
| Other Reserves | -1,440,958 |
| Undivided Earnings | 11,585,534 |
| TOTAL EQUITY | 14,408,629 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 78,147,440 |
| INCOME & EXPENSE | |
| Loan Income | 2,188,397 |
| Investment Income | 441,925 |
| Other Income | 1,465,539 |
| Total Employee Compensation & Benefits | 1,526,440 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,009,523 |
| Non-operating Income & (Expense) | -34,200 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 78,829 |
| Cost of Funds | 184,768 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 262,101 |
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