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COPPER BASIN FEDERAL CREDIT UNION

Dec, 31, 2020 — COPPER BASIN FEDERAL CREDIT UNION is a federal credit union headquartered in Copperhill, TN with 2 branch locations and about $41.24 million in total assets. Opened 56 years ago in 1965, COPPER BASIN FEDERAL CREDIT UNION has about 5,565 members and employs 13 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 Street
Copperhill, TN 37317
Phone:(423) 496-3812
Fax:(423) 496-1840
Website:http://www.cbfcreditunion.com
Branches:2 branch locations
Members:5,565
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$41,240,009
CEO/Manager:Jessica Grostic
Chairperson:Danny Helton

Call Report

  • Credit Builder
  • Overdraft Protection
  • Pay Day Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Check Cashing
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 6,279,610
TOTAL INVESTMENTS 8,086,410
Loans Held for Sale 0
 
 Real Estate Loans 10,247,964
 Unsecured Loans 2,015,914
 Other Loans 12,156,838
 TOTAL LOANS 24,420,716
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -108,453
 Land And Building 1,929,930
 Other Fixed Assets 95,763
 NCUSIF Deposit 305,945
 All Other Assets 230,088
  TOTAL ASSETS 41,240,009
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 190,582
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 9,755,972
 Regular shares 24,925,524
 All Other Shares & Deposits 3,324,368
  TOTAL SHARES & DEPOSITS 38,005,864
  TOTAL LIABILITIES 38,196,446
 Regular Reserve 341,615
 Other Reserves 0
 Undivided Earnings 2,701,948
  TOTAL EQUITY 3,043,563
  TOTAL LIABILITIES, SHARES, & EQUITY 41,240,009
INCOME & EXPENSE  
 Loan Income 1,313,970
 Investment Income 67,843
 Other Income 722,624
 Total Employee Compensation & Benefits 822,818
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 974,984
 Non-operating Income & (Expense) -78,397
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 79,906
 Cost of Funds 42,694
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 105,638
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