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TVA MID-SOUTH FEDERAL CREDIT UNION

Jun, 30, 2021 — TVA MID-SOUTH FEDERAL CREDIT UNION is a federal credit union headquartered in Memphis, TN with 1 branch location and about $3.78 million in total assets. Opened 57 years ago in 1964, TVA MID-SOUTH FEDERAL CREDIT UNION has about 192 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
Address:
(Main Office)
PO Box 918
Memphis, TN 38101
Phone:(901) 500-7102
Fax:
Website:n/a
Branches:1 branch locations
Members:192
Credit Union Type:Federal Credit Union
Charter Number:16520
Membership Type:Service - Communications and Utilities
Corporate Credit Union:No
Year Opened:1964
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$3,778,358
CEO/Manager:Terrie L Snavely
Chairperson:Stuart Farmer

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 542,310
TOTAL INVESTMENTS 2,370,105
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 6,035
 Other Loans 831,898
 TOTAL LOANS 837,933
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -9,335
 Land And Building 0
 Other Fixed Assets 6
 NCUSIF Deposit 29,420
 All Other Assets 7,919
  TOTAL ASSETS 3,778,358
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 7,246
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,793
 Regular shares 3,218,325
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 3,221,118
  TOTAL LIABILITIES 3,228,364
 Regular Reserve 68,272
 Other Reserves 0
 Undivided Earnings 481,722
  TOTAL EQUITY 549,994
  TOTAL LIABILITIES, SHARES, & EQUITY 3,778,358
INCOME & EXPENSE  
 Loan Income 20,334
 Investment Income 11,626
 Other Income 1,838
 Total Employee Compensation & Benefits 16,210
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 16,791
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 1,737
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -940
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