Dec, 31, 2023 — COPPER BASIN FEDERAL CREDIT UNION is a federal credit union headquartered in COPPERHILL, TN with 2 branch locations and about $56.53 million in total assets. Opened 59 years ago in 1965, COPPER BASIN FEDERAL CREDIT UNION has about 5,661 members and employs 17 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: | 5,661 |
| 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, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $56,527,425 |
| CEO/Manager: | Jessica Grostic |
| Chairperson: | Deborah Cantrell |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,206,999 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 12,102,527 |
| Unsecured Loans | 2,884,447 |
| Other Loans | 27,665,950 |
| TOTAL LOANS | 42,652,924 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -141,243 |
| Land And Building | 2,543,077 |
| Other Fixed Assets | 72,663 |
| NCUSIF Deposit | 466,212 |
| All Other Assets | 0 |
| TOTAL ASSETS | 56,527,425 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,606,748 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 11,651,724 |
| Regular shares | 29,624,439 |
| All Other Shares & Deposits | 7,399,525 |
| TOTAL SHARES & DEPOSITS | 48,675,689 |
| TOTAL LIABILITIES | 51,282,437 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 5,244,988 |
| TOTAL EQUITY | 5,244,988 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 56,527,425 |
| INCOME & EXPENSE | |
| Loan Income | 2,340,626 |
| Investment Income | 157,585 |
| Other Income | 584,763 |
| Total Employee Compensation & Benefits | 1,132,849 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,452,574 |
| Non-operating Income & (Expense) | 304,915 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 25,793 |
| Cost of Funds | 156,563 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,141,750 |
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