Dec, 31, 2023 — APPLIANCE CREDIT UNION is a federally insured state chartered credit union headquartered in CLEVELAND, TN with 1 branch location and about $16.19 million in total assets. Opened 52 years ago in 1972, APPLIANCE CREDIT UNION has about 2,091 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 |
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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: | 2,091 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67976 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1972 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $16,188,334 |
CEO/Manager: | BOBBIE ROSS |
Chairperson: | JOSEPH K BARRINEAU |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,185,075 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 388,237 |
Unsecured Loans | 868,412 |
Other Loans | 6,211,152 |
TOTAL LOANS | 7,526,167 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -19,520 |
Land And Building | 1,081,251 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 133,755 |
All Other Assets | 0 |
TOTAL ASSETS | 16,188,334 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 722,104 |
Accounts Payable & Other Liabilities | 14,573 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,813,713 |
Regular shares | 8,779,425 |
All Other Shares & Deposits | 2,219,488 |
TOTAL SHARES & DEPOSITS | 13,812,626 |
TOTAL LIABILITIES | 14,549,303 |
Regular Reserve | 0 |
Other Reserves | 264,758 |
Undivided Earnings | 1,374,273 |
TOTAL EQUITY | 1,639,031 |
TOTAL LIABILITIES, SHARES, & EQUITY | 16,188,334 |
INCOME & EXPENSE | |
Loan Income | 406,648 |
Investment Income | 62,738 |
Other Income | 194,601 |
Total Employee Compensation & Benefits | 331,318 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 247,909 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 23,500 |
Cost of Funds | 93,843 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -9,832 |
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