Sep, 30, 2025 — CN/IC EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in MEMPHIS, TN with 1 branch location and about $10.19 million in total assets. Opened 98 years ago in 1928, CN/IC EMPLOYEES CREDIT UNION has about 1,204 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: | CN/IC EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 2005 NONCONNAH BLVD Ste 7 MEMPHIS, TN 38132-2129 |
| Phone: | (901) 332-2686 |
| Fax: | (901) 332-1197 |
| Website: | https://www.cnicecu.net |
| Branches: | 1 branch locations |
| Members: | 1,204 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68069 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1928 |
| Last Audited: | Sep 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $10,188,864 |
| CEO/Manager: | SANDRA L GRIFFIS |
| Chairperson: | Jason Grissom |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 447,605 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 938,387 |
| Other Loans | 6,291,827 |
| TOTAL LOANS | 7,230,214 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -149,215 |
| Land And Building | 0 |
| Other Fixed Assets | 194,582 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 77,860 |
| All Other Assets | 0 |
| TOTAL ASSETS | 10,188,864 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 72,823 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 176,370 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,754,244 |
| Regular shares | 3,969,354 |
| All Other Shares & Deposits | 2,739,989 |
| TOTAL SHARES & DEPOSITS | 8,463,587 |
| TOTAL LIABILITIES | 8,712,780 |
| Regular Reserve | 0 |
| Other Reserves | 361,511 |
| Undivided Earnings | 1,114,573 |
| TOTAL EQUITY | 1,476,084 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 10,188,864 |
| INCOME & EXPENSE | |
| Loan Income | 418,261 |
| Investment Income | 85,770 |
| Other Income | 101,615 |
| Total Employee Compensation & Benefits | 212,554 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 292,316 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 71,699 |
| Cost of Funds | 88,532 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -38,793 |
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