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TVA MID-SOUTH FEDERAL CREDIT UNION

Sep, 30, 2022 — TVA MID-SOUTH FEDERAL CREDIT UNION is a federal credit union headquartered in MEMPHIS, TN with 1 branch location and about $3.62 million in total assets. Opened 59 years ago in 1964, TVA MID-SOUTH FEDERAL CREDIT UNION has about 183 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)
254 Court Ave Ste 109
MEMPHIS, TN 38103-2361
Phone:(901) 500-7102
Fax:
Website:n/a
Branches:1 branch locations
Members:183
Credit Union Type:Federal Credit Union
Charter Number:16520
Membership Type:Service - Communications and Utilities
Corporate Credit Union:No
Year Opened:1964
Last Audited:Mar 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$3,623,277
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 565,044
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 5,580
 Other Loans 812,641
 TOTAL LOANS 818,221
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -8,077
 Land And Building 0
 Other Fixed Assets 6
 NCUSIF Deposit 30,294
 All Other Assets 0
  TOTAL ASSETS 3,623,277
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 5,187
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,650
 Regular shares 3,071,504
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 3,075,154
  TOTAL LIABILITIES 3,080,341
 Regular Reserve 0
 Other Reserves 68,272
 Undivided Earnings 474,664
  TOTAL EQUITY 542,936
  TOTAL LIABILITIES, SHARES, & EQUITY 3,623,277
INCOME & EXPENSE  
 Loan Income 30,640
 Investment Income 15,088
 Other Income 2,685
 Total Employee Compensation & Benefits 24,314
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 25,691
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 3,043
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -4,635
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