Sep, 30, 2025 — THE WEST TENNESSEE CREDIT UNION is a federally insured state chartered credit union headquartered in ATOKA, TN with 1 branch location and about $18.06 million in total assets. Opened 59 years ago in 1967, THE WEST TENNESSEE CREDIT UNION has about 1,643 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | THE WEST TENNESSEE CREDIT UNION |
|---|---|
| Address: (Main Office) | 13690 Highway 51 S ATOKA, TN 38004 |
| Phone: | (901) 837-0431 |
| Fax: | (901) 837-0438 |
| Website: | https://www.wtncu.org |
| Branches: | 1 branch locations |
| Members: | 1,643 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60726 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1967 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $18,058,806 |
| CEO/Manager: | Kenneth E Newberry |
| Chairperson: | Walter A Wise |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,762,178 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 175,122 |
| Unsecured Loans | 940,144 |
| Other Loans | 12,631,124 |
| TOTAL LOANS | 13,746,390 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -252,189 |
| Land And Building | 122,705 |
| Other Fixed Assets | 7,842 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 142,707 |
| All Other Assets | 0 |
| TOTAL ASSETS | 18,058,806 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 56,882 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 77,161 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,191,838 |
| Regular shares | 7,629,606 |
| All Other Shares & Deposits | 4,128,307 |
| TOTAL SHARES & DEPOSITS | 15,949,750 |
| TOTAL LIABILITIES | 16,083,793 |
| Regular Reserve | 0 |
| Other Reserves | 884,382 |
| Undivided Earnings | 1,090,631 |
| TOTAL EQUITY | 1,975,013 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 18,058,806 |
| INCOME & EXPENSE | |
| Loan Income | 603,039 |
| Investment Income | 58,716 |
| Other Income | 27,940 |
| Total Employee Compensation & Benefits | 232,570 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 224,922 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 259,002 |
| Cost of Funds | 79,912 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 56,498 |
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