Dec, 31, 2023 — MIDDLE TENNESSEE FEDERAL CREDIT UNION is a federal credit union headquartered in COOKEVILLE, TN with 3 branch locations and about $61.63 million in total assets. Opened 55 years ago in 1969, MIDDLE TENNESSEE FEDERAL CREDIT UNION has about 5,457 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MIDDLE TENNESSEE FEDERAL CREDIT UNION |
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Address: (Main Office) | 1255 E Spring St COOKEVILLE, TN 38501-4310 |
Phone: | (931) 528-9400 |
Fax: | (931) 372-8481 |
Website: | https://www.midtenfcu.com |
Branches: | 3 branch locations |
Members: | 5,457 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 19700 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1969 |
Last Audited: | Nov 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $61,631,907 |
CEO/Manager: | HOLLY CROSS |
Chairperson: | Wayne Allen |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,357,530 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 6,893,742 |
Unsecured Loans | 3,338,523 |
Other Loans | 26,831,226 |
TOTAL LOANS | 37,063,491 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -158,913 |
Land And Building | 1,297,920 |
Other Fixed Assets | 8,138 |
NCUSIF Deposit | 522,745 |
All Other Assets | 17,010 |
TOTAL ASSETS | 61,631,907 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 78,483 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 10,262,703 |
Regular shares | 28,607,202 |
All Other Shares & Deposits | 14,549,914 |
TOTAL SHARES & DEPOSITS | 53,419,819 |
TOTAL LIABILITIES | 53,498,302 |
Regular Reserve | 0 |
Other Reserves | 828,032 |
Undivided Earnings | 7,305,573 |
TOTAL EQUITY | 8,133,605 |
TOTAL LIABILITIES, SHARES, & EQUITY | 61,631,907 |
INCOME & EXPENSE | |
Loan Income | 2,110,737 |
Investment Income | 728,264 |
Other Income | 839,887 |
Total Employee Compensation & Benefits | 642,481 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 856,586 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 355,238 |
Cost of Funds | 389,272 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,457,469 |
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» See also Statement of Financial Condition