Sep, 30, 2025 — COPPER BASIN FEDERAL CREDIT UNION is a federal credit union headquartered in COPPERHILL, TN with 2 branch locations and about $66.98 million in total assets. Opened 61 years ago in 1965, COPPER BASIN FEDERAL CREDIT UNION has about 6,050 members and employs 20 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COPPER BASIN FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 771 Ocoee St COPPERHILL, TN 37317 |
| Phone: | (423) 496-3812 |
| Fax: | (423) 496-1840 |
| Website: | https://www.cbfcreditunion.com |
| Branches: | 2 branch locations |
| Members: | 6,050 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16773 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $66,979,977 |
| CEO/Manager: | Jessica Grostic |
| Chairperson: | Deborah Cantrell |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,941,011 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 19,278,806 |
| Unsecured Loans | 3,971,114 |
| Other Loans | 28,033,664 |
| TOTAL LOANS | 52,395,821 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -267,025 |
| Land And Building | 2,503,746 |
| Other Fixed Assets | 213,305 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 500,165 |
| All Other Assets | 0 |
| TOTAL ASSETS | 66,979,977 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,867,180 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 11,336,550 |
| Regular shares | 28,369,258 |
| All Other Shares & Deposits | 18,159,128 |
| TOTAL SHARES & DEPOSITS | 57,864,936 |
| TOTAL LIABILITIES | 59,732,116 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 7,247,861 |
| TOTAL EQUITY | 7,247,861 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 66,979,977 |
| INCOME & EXPENSE | |
| Loan Income | 2,886,659 |
| Investment Income | 177,270 |
| Other Income | 488,941 |
| Total Employee Compensation & Benefits | 1,087,538 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,074,780 |
| Non-operating Income & (Expense) | 827,767 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 298,916 |
| Cost of Funds | 424,321 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 892,398 |
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