Dec, 31, 2023 — TVA MID-SOUTH FEDERAL CREDIT UNION is a federal credit union headquartered in MEMPHIS, TN with 2 branch locations and about $3.54 million in total assets. Opened 60 years ago in 1964, TVA MID-SOUTH FEDERAL CREDIT UNION has about 176 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | TVA MID-SOUTH FEDERAL CREDIT UNION |
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Address: (Main Office) | 254 Court Ave Ste 109 MEMPHIS, TN 38103-2361 |
Phone: | (901) 500-7102 |
Fax: | |
Website: | n/a |
Branches: | 2 branch locations |
Members: | 176 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 16520 |
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Membership Type: | Service - Communications and Utilities |
Corporate Credit Union: | No |
Year Opened: | 1964 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $3,536,484 |
CEO/Manager: | Terrie L Snavely |
Chairperson: | Stuart Farmer |
ASSETS: | $ Amount |
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Cash & Equivalents | 266,020 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 12,142 |
Other Loans | 811,872 |
TOTAL LOANS | 824,014 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,470 |
Land And Building | 0 |
Other Fixed Assets | 6 |
NCUSIF Deposit | 30,926 |
All Other Assets | 0 |
TOTAL ASSETS | 3,536,484 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 5,664 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,351 |
Regular shares | 2,973,088 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 2,975,439 |
TOTAL LIABILITIES | 2,981,103 |
Regular Reserve | 0 |
Other Reserves | 68,272 |
Undivided Earnings | 487,109 |
TOTAL EQUITY | 555,381 |
TOTAL LIABILITIES, SHARES, & EQUITY | 3,536,484 |
INCOME & EXPENSE | |
Loan Income | 44,559 |
Investment Income | 90,563 |
Other Income | 3,372 |
Total Employee Compensation & Benefits | 37,521 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 37,614 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 393 |
Cost of Funds | 51,529 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 11,437 |
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» See also Statement of Financial Condition