Sep, 30, 2025 — APPLIANCE CREDIT UNION is a federally insured state chartered credit union headquartered in CLEVELAND, TN with 1 branch location and about $16.56 million in total assets. Opened 54 years ago in 1972, APPLIANCE CREDIT UNION has about 1,995 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | APPLIANCE CREDIT UNION |
|---|---|
| Address: (Main Office) | 150 Linden Ave SE CLEVELAND, TN 37311 |
| Phone: | (423) 479-5511 |
| Fax: | (423) 479-5217 |
| Website: | https://www.appliancecu.com |
| Branches: | 1 branch locations |
| Members: | 1,995 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67976 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1972 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $16,564,848 |
| CEO/Manager: | BOBBIE ROSS |
| Chairperson: | DONALD J McCOWAN |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,075,201 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 404,812 |
| Unsecured Loans | 902,532 |
| Other Loans | 4,087,768 |
| TOTAL LOANS | 5,395,112 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -61,530 |
| Land And Building | 1,058,128 |
| Other Fixed Assets | 86,709 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 138,259 |
| All Other Assets | 0 |
| TOTAL ASSETS | 16,564,848 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 731,613 |
| Accounts Payable & Other Liabilities | 51,317 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,106,938 |
| Regular shares | 8,362,433 |
| All Other Shares & Deposits | 2,585,281 |
| TOTAL SHARES & DEPOSITS | 14,054,652 |
| TOTAL LIABILITIES | 14,837,582 |
| Regular Reserve | 0 |
| Other Reserves | -23,825 |
| Undivided Earnings | 1,751,091 |
| TOTAL EQUITY | 1,727,266 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 16,564,848 |
| INCOME & EXPENSE | |
| Loan Income | 301,539 |
| Investment Income | 191,063 |
| Other Income | 132,987 |
| Total Employee Compensation & Benefits | 267,010 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 233,052 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 53,000 |
| Cost of Funds | 86,756 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -2,627 |
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