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SHELBY COUNTY FEDERAL CREDIT UNION

Mar, 31, 2021 — SHELBY COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in Memphis, TN with 3 branch locations and about $90.25 million in total assets. Opened 60 years ago in 1961, SHELBY COUNTY FEDERAL CREDIT UNION has about 10,495 members and employs 19 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, Suite 401
Memphis, TN 38103-1866
Phone:(901) 930-0757
Fax:(901) 222-7990
Website:http://shelbycountycu.com
Branches:3 branch locations
Members:10,495
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$90,251,545
CEO/Manager:Linda K Winkler
Chairperson:Lisa Wimberly

Call Report

  • Overdraft Protection
  • Risk Based Loans
  • ATM/Debit Card Program
  • Check Cashing
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 32,329,054
TOTAL INVESTMENTS 17,495,789
Loans Held for Sale 0
 
 Real Estate Loans 155,532
 Unsecured Loans 6,965,235
 Other Loans 31,464,470
 TOTAL LOANS 38,585,237
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -266,562
 Land And Building 213,701
 Other Fixed Assets 227,711
 NCUSIF Deposit 609,870
 All Other Assets 1,056,745
  TOTAL ASSETS 90,251,545
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,116,855
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 15,924,549
 Regular shares 51,774,915
 All Other Shares & Deposits 10,170,472
  TOTAL SHARES & DEPOSITS 77,869,936
  TOTAL LIABILITIES 78,986,791
 Regular Reserve 946,964
 Other Reserves 16,050
 Undivided Earnings 10,301,740
  TOTAL EQUITY 11,264,754
  TOTAL LIABILITIES, SHARES, & EQUITY 90,251,545
INCOME & EXPENSE  
 Loan Income 499,303
 Investment Income 84,870
 Other Income 277,903
 Total Employee Compensation & Benefits 296,346
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 470,063
 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 15,597
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 91,591
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