Credit Unions Near Me
National Credit Union Service Organization

FAMILY ADVANTAGE FEDERAL CREDIT UNION

Dec, 31, 2023 — FAMILY ADVANTAGE FEDERAL CREDIT UNION is a federal credit union headquartered in SPRING HILL, TN with 3 branch locations and about $85.95 million in total assets. Opened 27 years ago in 1997, FAMILY ADVANTAGE FEDERAL CREDIT UNION has about 7,377 members and employs 23 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:FAMILY ADVANTAGE FEDERAL CREDIT UNION
Address:
(Main Office)
100 Town Center Pkwy
SPRING HILL, TN 37174
Phone:(931) 486-3125
Fax:(931) 486-3137
Website:https://www.myfafcu.org
Branches:3 branch locations
Members:7,377
Credit Union Type:Federal Credit Union
Charter Number:24603
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1997
Last Audited:Dec 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$85,954,568
CEO/Manager:John H Kenley, IV
Chairperson:Mike Herron

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,978,556
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 7,325,194
 Unsecured Loans 5,047,868
 Other Loans 39,628,194
 TOTAL LOANS 52,001,256
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -423,661
 Land And Building 2,513,266
 Other Fixed Assets 577,535
 NCUSIF Deposit 658,705
 All Other Assets 0
  TOTAL ASSETS 85,954,568
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -304,721
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 16,902,114
 Regular shares 43,443,579
 All Other Shares & Deposits 16,063,283
  TOTAL SHARES & DEPOSITS 76,408,976
  TOTAL LIABILITIES 76,104,255
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 9,850,313
  TOTAL EQUITY 9,850,313
  TOTAL LIABILITIES, SHARES, & EQUITY 85,954,568
INCOME & EXPENSE  
 Loan Income 2,810,744
 Investment Income 1,034,078
 Other Income 588,334
 Total Employee Compensation & Benefits 1,273,227
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,828,639
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 539,953
 Cost of Funds 99,254
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 986,628
↑ Back to Top

Other Credit Unions

TSU FEDERAL CREDIT UNION
3500 John A Merritt Blvd
NASHVILLE, TN 37209
P.I.A.S. CREDIT UNION
305 Plus Park Blvd
NASHVILLE, TN 37217
PURITY DAIRIES EMPLOYEES FEDERAL CREDIT UNION
363 Woodycrest Ave
NASHVILLE, TN 37210
LIFEWAY CREDIT UNION
215 Centerview Dr Ste 3-111
BRENTWOOD, TN 37027
DIXIE LINE CREDIT UNION
567 Veritas St
NASHVILLE, TN 37211
ST. THOMAS CREDIT UNION
4230 Harding Pike Ste 103
NASHVILLE, TN 37205
VANDERBILT UNIVERSITY EMPLOYEES CREDIT UNION
Suite 100
NASHVILLE, TN 37232-0001
LIFE CREDIT UNION
2004 Hayes St Ste 120
NASHVILLE, TN 37203-2648
LIFE CREDIT UNION
2010 CHURCH ST STE 204
NASHVILLE, TN 37203-2078
VERITAS FEDERAL CREDIT UNION
685 Ken Pilkerton Dr
SMYRNA, TN 37167-3812