Dec, 31, 2023 — COMTRUST FEDERAL CREDIT UNION is a federal credit union headquartered in CHATTANOOGA, TN with 6 branch locations and about $401.72 million in total assets. Opened 89 years ago in 1935, COMTRUST FEDERAL CREDIT UNION has about 19,852 members and employs 58 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COMTRUST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1020 Riverfront Pkwy CHATTANOOGA, TN 37402 |
| Phone: | (423) 756-3300 |
| Fax: | (423) 752-0290 |
| Website: | https://www.comtrustfcu.com |
| Branches: | 6 branch locations |
| Members: | 19,852 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 606 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $401,720,610 |
| CEO/Manager: | Johnny R Phillips |
| Chairperson: | Charles E Christian |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 40,983,062 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 47,500,561 |
| Unsecured Loans | 2,905,440 |
| Other Loans | 46,888,673 |
| TOTAL LOANS | 97,294,675 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -160,956 |
| Land And Building | 4,844,488 |
| Other Fixed Assets | 261,149 |
| NCUSIF Deposit | 3,373,803 |
| All Other Assets | 0 |
| TOTAL ASSETS | 401,720,610 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 183,228 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 839,899 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 64,596,195 |
| Regular shares | 119,545,167 |
| All Other Shares & Deposits | 170,835,986 |
| TOTAL SHARES & DEPOSITS | 354,977,348 |
| TOTAL LIABILITIES | 356,000,475 |
| Regular Reserve | 0 |
| Other Reserves | 6,931,884 |
| Undivided Earnings | 38,788,251 |
| TOTAL EQUITY | 45,720,135 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 401,720,610 |
| INCOME & EXPENSE | |
| Loan Income | 3,851,003 |
| Investment Income | 5,281,800 |
| Other Income | 996,143 |
| Total Employee Compensation & Benefits | 4,054,587 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,086,792 |
| Non-operating Income & (Expense) | -78,834 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,500 |
| Cost of Funds | 3,759,299 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 407,047 |
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