Sep, 30, 2025 — TENNESSEE MEMBERS 1ST FEDERAL CREDIT UNION is a federal credit union headquartered in OAK RIDGE, TN with 2 branch locations and about $98.08 million in total assets. Opened 80 years ago in 1946, TENNESSEE MEMBERS 1ST FEDERAL CREDIT UNION has about 4,534 members and employs 19 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TENNESSEE MEMBERS 1ST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 112 Administration Rd OAK RIDGE, TN 37830 |
| Phone: | (865) 482-4343 |
| Fax: | (865) 482-2617 |
| Website: | https://www.mymembersfirst.org |
| Branches: | 2 branch locations |
| Members: | 4,534 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5318 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1946 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $98,081,353 |
| CEO/Manager: | James R Mikels |
| Chairperson: | Gary Beckner |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,930,122 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 21,456,386 |
| Unsecured Loans | 1,958,617 |
| Other Loans | 20,455,890 |
| TOTAL LOANS | 45,944,823 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -315,596 |
| Land And Building | 1,305,651 |
| Other Fixed Assets | 403,710 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 875,291 |
| All Other Assets | 0 |
| TOTAL ASSETS | 98,081,353 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 2,209,435 |
| Accounts Payable & Other Liabilities | 986,540 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 17,893,527 |
| Regular shares | 38,928,989 |
| All Other Shares & Deposits | 30,306,012 |
| TOTAL SHARES & DEPOSITS | 87,128,527 |
| TOTAL LIABILITIES | 90,324,502 |
| Regular Reserve | 0 |
| Other Reserves | -1,427,835 |
| Undivided Earnings | 9,184,686 |
| TOTAL EQUITY | 7,756,851 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 98,081,353 |
| INCOME & EXPENSE | |
| Loan Income | 1,870,040 |
| Investment Income | 1,147,581 |
| Other Income | 92,315 |
| Total Employee Compensation & Benefits | 1,035,190 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,590,161 |
| Non-operating Income & (Expense) | 185,053 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 146,658 |
| Cost of Funds | 724,416 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 85,749 |
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