Dec, 31, 2023 — ENRICHMENT FEDERAL CREDIT UNION is a federal credit union headquartered in OAK RIDGE, TN with 9 branch locations and about $827.19 million in total assets. Opened 74 years ago in 1950, ENRICHMENT FEDERAL CREDIT UNION has about 45,571 members and employs 136 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ENRICHMENT FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 201 S ILLINOIS AVE OAK RIDGE, TN 37830 |
Phone: | (865) 482-0045 |
Fax: | (865) 482-6059 |
Website: | https://www.enrichmentfcu.org |
Branches: | 9 branch locations |
Members: | 45,571 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 6778 |
---|---|
Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1950 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $827,193,059 |
CEO/Manager: | Jeremy Hodges |
Chairperson: | RICHARD N BENSON |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 84,856,555 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 394,764,108 |
Unsecured Loans | 16,647,056 |
Other Loans | 208,932,016 |
TOTAL LOANS | 646,417,886 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,193,000 |
Land And Building | 13,099,525 |
Other Fixed Assets | 1,836,154 |
NCUSIF Deposit | 6,519,088 |
All Other Assets | 140,152 |
TOTAL ASSETS | 827,193,059 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,535,830 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 139,682,597 |
Regular shares | 218,435,120 |
All Other Shares & Deposits | 378,246,482 |
TOTAL SHARES & DEPOSITS | 736,364,198 |
TOTAL LIABILITIES | 739,900,028 |
Regular Reserve | 0 |
Other Reserves | 6,567,448 |
Undivided Earnings | 80,725,583 |
TOTAL EQUITY | 87,293,031 |
TOTAL LIABILITIES, SHARES, & EQUITY | 827,193,059 |
INCOME & EXPENSE | |
Loan Income | 26,848,954 |
Investment Income | 4,473,244 |
Other Income | 1,902,863 |
Total Employee Compensation & Benefits | 10,719,789 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 10,701,693 |
Non-operating Income & (Expense) | 5,273 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 713,060 |
Cost of Funds | 5,977,179 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 13,323,521 |
↑ Back to Top |
» See also Statement of Financial Condition