Sep, 30, 2025 — GALLATIN STEAM PLANT CREDIT UNION is a federally insured state chartered credit union headquartered in GALLATIN, TN with 1 branch location and about $7.83 million in total assets. Opened 70 years ago in 1956, GALLATIN STEAM PLANT CREDIT UNION has about 634 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GALLATIN STEAM PLANT CREDIT UNION |
|---|---|
| Address: (Main Office) | 1499 Steam Plant Rd GALLATIN, TN 37066 |
| Phone: | (615) 230-4073 |
| Fax: | (615) 452-3603 |
| Website: | https://www.steamplantcu.org |
| Branches: | 1 branch locations |
| Members: | 634 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63868 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,834,840 |
| CEO/Manager: | Will L Dennis |
| Chairperson: | Joseph Cornwell |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,417,233 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 134,810 |
| Other Loans | 4,435,261 |
| TOTAL LOANS | 4,570,071 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -77,828 |
| Land And Building | 0 |
| Other Fixed Assets | 5 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 63,610 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,834,840 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 29,366 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 20,963 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 4,349,441 |
| All Other Shares & Deposits | 2,114,738 |
| TOTAL SHARES & DEPOSITS | 6,464,179 |
| TOTAL LIABILITIES | 6,514,508 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,320,332 |
| TOTAL EQUITY | 1,320,332 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,834,840 |
| INCOME & EXPENSE | |
| Loan Income | 238,363 |
| Investment Income | 75,117 |
| Other Income | 5,552 |
| Total Employee Compensation & Benefits | 90,333 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 56,181 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 83,432 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 90,754 |
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