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TENNESSEE VALLEY FEDERAL CREDIT UNION

Mar, 31, 2021 — TENNESSEE VALLEY FEDERAL CREDIT UNION is a federal credit union headquartered in Chattanooga, TN with 21 branch locations and about $2.11 billion in total assets. Opened 85 years ago in 1936, TENNESSEE VALLEY FEDERAL CREDIT UNION has about 160,021 members and employs 420 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:TENNESSEE VALLEY FEDERAL CREDIT UNION
Address:
(Main Office)
PO Box 23967
Chattanooga, TN 37422-3967
Phone:(423) 634-3600
Fax:(423) 634-3588
Website:http://tvfcu.com
Branches:21 branch locations
Members:160,021
Credit Union Type:Federal Credit Union
Charter Number:1520
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1936
Last Audited:Dec 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$2,109,657,501
CEO/Manager:Todd Fortner
Chairperson:David Longmire

Call Report

  • Commercial Loans
  • Credit Builder
  • Indirect Commercial Loans
  • Indirect Consumer Loans
  • Interest Only or Payment Option 1st Mortgage Loans
  • Micro Business Loans
  • Micro Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Pay Day Loans
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Health Savings Accounts
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 602,017,695
TOTAL INVESTMENTS 35,457,576
Loans Held for Sale 12,454,588
 
 Real Estate Loans 488,157,726
 Unsecured Loans 44,345,056
 Other Loans 844,285,396
 TOTAL LOANS 1,391,522,215
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -12,684,323
 Land And Building 28,354,274
 Other Fixed Assets 12,447,237
 NCUSIF Deposit 15,914,460
 All Other Assets 24,173,779
  TOTAL ASSETS 2,109,657,501
LIABILITIES & CAPITAL:  
 Dividends Payable 415,621
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 12,448,031
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 458,586,050
 Regular shares 1,018,639,144
 All Other Shares & Deposits 373,258,610
  TOTAL SHARES & DEPOSITS 1,850,483,804
  TOTAL LIABILITIES 1,863,347,456
 Regular Reserve 7,144,340
 Other Reserves 1,562,074
 Undivided Earnings 237,603,631
  TOTAL EQUITY 246,310,045
  TOTAL LIABILITIES, SHARES, & EQUITY 2,109,657,501
INCOME & EXPENSE  
 Loan Income 14,871,496
 Investment Income 216,222
 Other Income 2,049,663
 Total Employee Compensation & Benefits 7,507,199
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 7,537,676
 Non-operating Income & (Expense) 217,780
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 861,146
 Cost of Funds 979,209
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 7,163,806
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