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SHELBY COUNTY FEDERAL CREDIT UNION

Jun, 30, 2023 — 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
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
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

Call Report

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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