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National Credit Union Service Organization

LIFE CREDIT UNION

Mar, 31, 2022 — LIFE CREDIT UNION is a federal credit union headquartered in NASHVILLE, TN with 1 branch location and about $43.05 million in total assets. Opened 64 years ago in 1958, LIFE CREDIT UNION has about 3,843 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 264080400
Name:LIFE CREDIT UNION
Address:
(Main Office)
2004 Hayes St Ste 120
NASHVILLE, TN 37203-2648
Phone:(615) 230-5433
Fax:(615) 321-5856
Website:https://lifecu.org/
Branches:1 branch locations
Members:3,843
Credit Union Type:Federal Credit Union
Charter Number:24932
Membership Type:Multiple common bond - Primarily health care
Corporate Credit Union:No
Year Opened:1958
Last Audited:Dec 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$43,052,717
CEO/Manager:Pam N Nolen
Chairperson:Leroy E McIntosh

Call Report

  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 14,376,427
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 12,015,284
 Unsecured Loans 3,114,975
 Other Loans 11,590,635
 TOTAL LOANS 26,720,894
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -169,494
 Land And Building 0
 Other Fixed Assets 102,928
 NCUSIF Deposit 341,617
 All Other Assets 0
  TOTAL ASSETS 43,052,717
LIABILITIES & CAPITAL:  
 Dividends Payable 46,811
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 105,917
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 6,109,797
 Regular shares 15,540,851
 All Other Shares & Deposits 18,761,715
  TOTAL SHARES & DEPOSITS 40,412,363
  TOTAL LIABILITIES 40,565,091
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 2,487,626
  TOTAL EQUITY 2,487,626
  TOTAL LIABILITIES, SHARES, & EQUITY 43,052,717
INCOME & EXPENSE  
 Loan Income 316,938
 Investment Income 4,599
 Other Income 67,812
 Total Employee Compensation & Benefits 196,689
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 552,838
 Non-operating Income & (Expense) 7,639
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 25,038
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -283,682
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