Mar, 31, 2022 — CHATTANOOGA FEDERAL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in CHATTANOOGA, TN with 1 branch location and about $61.89 million in total assets. Opened 97 years ago in 1925, CHATTANOOGA FEDERAL EMPLOYEES CREDIT UNION has about 2,762 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CHATTANOOGA FEDERAL EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 2011 Stein Dr CHATTANOOGA, TN 37421-1692 |
| Phone: | (423) 892-3738 |
| Fax: | |
| Website: | https://www.cfecu.org |
| Branches: | 1 branch locations |
| Members: | 2,762 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62537 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1925 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $61,886,377 |
| CEO/Manager: | Mark T Fraker |
| Chairperson: | Jack L Boran |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,761,525 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 16,307,207 |
| Unsecured Loans | 2,334,892 |
| Other Loans | 13,946,921 |
| TOTAL LOANS | 32,908,609 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -231,439 |
| Land And Building | 319,585 |
| Other Fixed Assets | 117,281 |
| NCUSIF Deposit | 449,210 |
| All Other Assets | 0 |
| TOTAL ASSETS | 61,886,377 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 63,486 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,535,146 |
| Regular shares | 8,784,703 |
| All Other Shares & Deposits | 37,967,400 |
| TOTAL SHARES & DEPOSITS | 51,287,249 |
| TOTAL LIABILITIES | 51,350,735 |
| Regular Reserve | 0 |
| Other Reserves | 2,573,944 |
| Undivided Earnings | 7,961,698 |
| TOTAL EQUITY | 10,535,642 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 61,886,377 |
| INCOME & EXPENSE | |
| Loan Income | 382,669 |
| Investment Income | 20,158 |
| Other Income | 57,364 |
| Total Employee Compensation & Benefits | 143,027 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 173,823 |
| Non-operating Income & (Expense) | 15,144 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 25,715 |
| Cost of Funds | 44,398 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 88,372 |
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