Dec, 31, 2023 — CHATTANOOGA FIRST FEDERAL CREDIT UNION is a federal credit union headquartered in CHATTANOOGA, TN with 1 branch location and about $25.03 million in total assets. Opened 63 years ago in 1961, CHATTANOOGA FIRST FEDERAL CREDIT UNION has about 2,107 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CHATTANOOGA FIRST FEDERAL CREDIT UNION |
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Address: (Main Office) | 3120 Broad St CHATTANOOGA, TN 37408-3095 |
Phone: | (423) 267-7621 |
Fax: | (423) 266-5666 |
Website: | https://www.chattfirst.org |
Branches: | 1 branch locations |
Members: | 2,107 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14725 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | May 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $25,030,504 |
CEO/Manager: | Terri F Stansell |
Chairperson: | Len A Strombergh |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,176,059 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 6,020,710 |
Unsecured Loans | 229,324 |
Other Loans | 9,351,774 |
TOTAL LOANS | 15,698,103 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -147,000 |
Land And Building | 629,991 |
Other Fixed Assets | 30,682 |
NCUSIF Deposit | 196,837 |
All Other Assets | 19,525 |
TOTAL ASSETS | 25,030,504 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 103,381 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 63,840 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 711,443 |
Regular shares | 6,997,018 |
All Other Shares & Deposits | 11,597,740 |
TOTAL SHARES & DEPOSITS | 19,306,201 |
TOTAL LIABILITIES | 19,473,422 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 5,557,082 |
TOTAL EQUITY | 5,557,082 |
TOTAL LIABILITIES, SHARES, & EQUITY | 25,030,504 |
INCOME & EXPENSE | |
Loan Income | 910,844 |
Investment Income | 224,264 |
Other Income | 89,452 |
Total Employee Compensation & Benefits | 271,390 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 445,964 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 70,530 |
Cost of Funds | 353,751 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 91,194 |
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