Dec, 31, 2023 — JOHNSONVILLE TVA EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in CAMDEN, TN with 4 branch locations and about $150.10 million in total assets. Opened 72 years ago in 1952, JOHNSONVILLE TVA EMPLOYEES CREDIT UNION has about 10,401 members and employs 34 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | JOHNSONVILLE TVA EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 209 HIGHWAY 641 N CAMDEN, TN 38320 |
| Phone: | (731) 584-7238 |
| Fax: | (731) 584-4045 |
| Website: | https://www.jtvaecu.org |
| Branches: | 4 branch locations |
| Members: | 10,401 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60345 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $150,101,221 |
| CEO/Manager: | Michael L Warren |
| Chairperson: | Jerry Damesworth |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,596,473 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 11,472,588 |
| Unsecured Loans | 4,366,128 |
| Other Loans | 73,291,326 |
| TOTAL LOANS | 89,130,042 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -719,554 |
| Land And Building | 2,155,964 |
| Other Fixed Assets | 11,233 |
| NCUSIF Deposit | 1,230,469 |
| All Other Assets | 1,000 |
| TOTAL ASSETS | 150,101,221 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 190,154 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 321,077 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 27,230,934 |
| Regular shares | 68,175,270 |
| All Other Shares & Deposits | 33,150,316 |
| TOTAL SHARES & DEPOSITS | 128,556,520 |
| TOTAL LIABILITIES | 129,068,121 |
| Regular Reserve | 0 |
| Other Reserves | -938,116 |
| Undivided Earnings | 21,971,216 |
| TOTAL EQUITY | 21,033,100 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 150,101,221 |
| INCOME & EXPENSE | |
| Loan Income | 4,347,445 |
| Investment Income | 1,230,314 |
| Other Income | 608,405 |
| Total Employee Compensation & Benefits | 1,973,645 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,893,820 |
| Non-operating Income & (Expense) | 128,676 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 102,100 |
| Cost of Funds | 883,442 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,266,843 |
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