Dec, 31, 2023 — ENLIGHTEN FEDERAL CREDIT UNION is a federal credit union headquartered in JACKSON, TN with 1 branch location and about $17.35 million in total assets. Opened 53 years ago in 1971, ENLIGHTEN FEDERAL CREDIT UNION has about 1,503 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ENLIGHTEN FEDERAL CREDIT UNION |
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Address: (Main Office) | 1306 Highway 70 Byp JACKSON, TN 38301 |
Phone: | (731) 423-7499 |
Fax: | (731) 935-7870 |
Website: | https://www.enlightenfcu.org |
Branches: | 1 branch locations |
Members: | 1,503 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 20662 |
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Membership Type: | Manufacturing - All Other |
Corporate Credit Union: | No |
Year Opened: | 1971 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $17,346,357 |
CEO/Manager: | Karen Climer |
Chairperson: | Jerry Bland |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,138,202 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 8,477 |
Unsecured Loans | 972,813 |
Other Loans | 3,456,845 |
TOTAL LOANS | 4,438,136 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -23,372 |
Land And Building | 385,264 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 146,736 |
All Other Assets | 0 |
TOTAL ASSETS | 17,346,357 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 61,231 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,986,957 |
Regular shares | 10,272,166 |
All Other Shares & Deposits | 1,148,034 |
TOTAL SHARES & DEPOSITS | 15,407,157 |
TOTAL LIABILITIES | 15,468,388 |
Regular Reserve | 0 |
Other Reserves | 246,363 |
Undivided Earnings | 1,631,606 |
TOTAL EQUITY | 1,877,969 |
TOTAL LIABILITIES, SHARES, & EQUITY | 17,346,357 |
INCOME & EXPENSE | |
Loan Income | 250,450 |
Investment Income | 306,501 |
Other Income | 28,707 |
Total Employee Compensation & Benefits | 334,497 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 248,918 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,691 |
Cost of Funds | 24,967 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 163,664 |
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