Dec, 31, 2023 — KNOX CO. EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in KNOXVILLE, TN with 2 branch locations and about $11.09 million in total assets. Opened 50 years ago in 1974, KNOX CO. EMPLOYEES CREDIT UNION has about 1,389 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: | KNOX CO. EMPLOYEES CREDIT UNION |
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Address: (Main Office) | 400 W Main St RM 355 KNOXVILLE, TN 37902 |
Phone: | (865) 215-2364 |
Fax: | (865) 215-4319 |
Website: | https://www.knoxcountyecu.com |
Branches: | 2 branch locations |
Members: | 1,389 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67793 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1974 |
Last Audited: | Sep 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $11,086,499 |
CEO/Manager: | KERRI R HAYNES |
Chairperson: | JENNIFER SCHROEDER |
ASSETS: | $ Amount |
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Cash & Equivalents | 691,927 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 724,287 |
Other Loans | 6,584,988 |
TOTAL LOANS | 7,309,275 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -19,972 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 98,486 |
All Other Assets | 0 |
TOTAL ASSETS | 11,086,499 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 8,145 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -16,139 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,446,114 |
Regular shares | 6,404,197 |
All Other Shares & Deposits | 1,328,109 |
TOTAL SHARES & DEPOSITS | 9,178,420 |
TOTAL LIABILITIES | 9,170,426 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,916,073 |
TOTAL EQUITY | 1,916,073 |
TOTAL LIABILITIES, SHARES, & EQUITY | 11,086,499 |
INCOME & EXPENSE | |
Loan Income | 320,646 |
Investment Income | 81,211 |
Other Income | 34,709 |
Total Employee Compensation & Benefits | 163,080 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 184,101 |
Non-operating Income & (Expense) | 1,710 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 26,086 |
Cost of Funds | 22,511 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 91,963 |
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