Dec, 31, 2023 — THE TENNESSEE CREDIT UNION is a federally insured state chartered credit union headquartered in NASHVILLE, TN with 9 branch locations and about $430.78 million in total assets. Opened 74 years ago in 1950, THE TENNESSEE CREDIT UNION has about 21,670 members and employs 98 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 TENNESSEE CREDIT UNION |
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Address: (Main Office) | 1400 8TH Ave S NASHVILLE, TN 37203-5007 |
Phone: | (615) 244-1910 |
Fax: | |
Website: | https://ttcu.org |
Branches: | 9 branch locations |
Members: | 21,670 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66886 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1950 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $430,778,749 |
CEO/Manager: | RAFAEL RONDON |
Chairperson: | GERALD W MARTIN |
ASSETS: | $ Amount |
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Cash & Equivalents | 17,478,774 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 170,724,518 |
Unsecured Loans | 12,249,410 |
Other Loans | 88,932,648 |
TOTAL LOANS | 271,906,576 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,693,117 |
Land And Building | 10,321,852 |
Other Fixed Assets | 1,179,850 |
NCUSIF Deposit | 3,890,599 |
All Other Assets | 57,687 |
TOTAL ASSETS | 430,778,749 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 21,026 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 4,106,166 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 87,890,624 |
Regular shares | 114,003,968 |
All Other Shares & Deposits | 195,725,208 |
TOTAL SHARES & DEPOSITS | 397,619,800 |
TOTAL LIABILITIES | 401,746,992 |
Regular Reserve | 0 |
Other Reserves | -2,253,547 |
Undivided Earnings | 31,285,304 |
TOTAL EQUITY | 29,031,757 |
TOTAL LIABILITIES, SHARES, & EQUITY | 430,778,749 |
INCOME & EXPENSE | |
Loan Income | 12,127,204 |
Investment Income | 3,644,481 |
Other Income | 2,211,542 |
Total Employee Compensation & Benefits | 7,650,238 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 6,143,171 |
Non-operating Income & (Expense) | -8 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,460,365 |
Cost of Funds | 3,990,522 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 233,262 |
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