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SHELBY COUNTY FEDERAL CREDIT UNION

Dec, 31, 2020 — SHELBY COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in Memphis, TN with 3 branch locations and about $82.77 million in total assets. Opened 60 years ago in 1961, SHELBY COUNTY FEDERAL CREDIT UNION has about 10,874 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:10,874
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:$82,767,081
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 25,002,156
TOTAL INVESTMENTS 17,140,475
Loans Held for Sale 0
 
 Real Estate Loans 172,632
 Unsecured Loans 7,512,988
 Other Loans 31,159,306
 TOTAL LOANS 38,844,926
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -262,268
 Land And Building 221,586
 Other Fixed Assets 257,637
 NCUSIF Deposit 609,870
 All Other Assets 952,699
  TOTAL ASSETS 82,767,081
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,650,237
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 13,572,892
 Regular shares 46,003,040
 All Other Shares & Deposits 10,364,878
  TOTAL SHARES & DEPOSITS 69,940,810
  TOTAL LIABILITIES 71,591,047
 Regular Reserve 946,964
 Other Reserves 18,921
 Undivided Earnings 10,210,149
  TOTAL EQUITY 11,176,034
  TOTAL LIABILITIES, SHARES, & EQUITY 82,767,081
INCOME & EXPENSE  
 Loan Income 2,070,003
 Investment Income 386,124
 Other Income 1,373,809
 Total Employee Compensation & Benefits 1,267,920
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,965,745
 Non-operating Income & (Expense) 2,500
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 230,000
 Cost of Funds 103,874
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 264,897
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