Jun, 30, 2024 — SHELBY COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in MEMPHIS, TN with 3 branch locations and about $96.16 million in total assets. Opened 63 years ago in 1961, SHELBY COUNTY FEDERAL CREDIT UNION has about 10,960 members and employs 17 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 |
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Address: (Main Office) | 160 N Main St Ste 401 MEMPHIS, TN 38103-1866 |
Phone: | (901) 930-0757 |
Fax: | (901) 222-7990 |
Website: | https://shelbycountycu.com |
Branches: | 3 branch locations |
Members: | 10,960 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14733 |
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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: | Sep 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $96,157,485 |
CEO/Manager: | Pat Cook |
Chairperson: | Lisa Wimberly |
ASSETS: | $ Amount |
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Cash & Equivalents | 32,519,118 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 68,472 |
Unsecured Loans | 7,483,128 |
Other Loans | 34,855,047 |
TOTAL LOANS | 42,406,647 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -365,809 |
Land And Building | 211,346 |
Other Fixed Assets | 85,373 |
NCUSIF Deposit | 788,731 |
All Other Assets | 0 |
TOTAL ASSETS | 96,157,485 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,035,838 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 16,901,122 |
Regular shares | 57,268,870 |
All Other Shares & Deposits | 9,091,732 |
TOTAL SHARES & DEPOSITS | 83,261,724 |
TOTAL LIABILITIES | 84,297,562 |
Regular Reserve | 0 |
Other Reserves | 965,885 |
Undivided Earnings | 10,894,038 |
TOTAL EQUITY | 11,859,923 |
TOTAL LIABILITIES, SHARES, & EQUITY | 96,157,485 |
INCOME & EXPENSE | |
Loan Income | 1,482,575 |
Investment Income | 396,408 |
Other Income | 1,031,503 |
Total Employee Compensation & Benefits | 936,704 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,530,354 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 180,000 |
Cost of Funds | 37,916 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 376,351 |
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