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SHELBY COUNTY FEDERAL CREDIT UNION

Mar, 31, 2022 — SHELBY COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in MEMPHIS, TN with 3 branch locations and about $95.98 million in total assets. Opened 61 years ago in 1961, SHELBY COUNTY FEDERAL CREDIT UNION has about 10,793 members and employs 20 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:SHELBY COUNTY FEDERAL CREDIT UNION
Address:
(Main Office)
160 N Main St Ste 401
MEMPHIS, TN 38103-1866
Phone:(901) 930-0757
Fax:(901) 222-7990
Website:http://shelbycountycu.com
Branches:3 branch locations
Members:10,793
Credit Union Type:Federal Credit Union
Charter Number:14733
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1961
Last Audited:Sep 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$95,975,322
CEO/Manager:Linda K Winkler
Chairperson:Lisa Wimberly

Call Report

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 35,875,707
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 83,903
 Unsecured Loans 6,733,753
 Other Loans 33,396,322
 TOTAL LOANS 40,213,978
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -338,531
 Land And Building 197,826
 Other Fixed Assets 120,889
 NCUSIF Deposit 715,479
 All Other Assets 0
  TOTAL ASSETS 95,975,322
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 787,114
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 16,764,382
 Regular shares 56,761,988
 All Other Shares & Deposits 10,075,293
  TOTAL SHARES & DEPOSITS 83,601,663
  TOTAL LIABILITIES 84,388,777
 Regular Reserve 0
 Other Reserves 984,806
 Undivided Earnings 10,601,739
  TOTAL EQUITY 11,586,545
  TOTAL LIABILITIES, SHARES, & EQUITY 95,975,322
INCOME & EXPENSE  
 Loan Income 486,082
 Investment Income 82,448
 Other Income 326,684
 Total Employee Compensation & Benefits 276,395
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 495,015
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 60,000
 Cost of Funds 10,263
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 103,087
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