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CN/IC EMPLOYEES CREDIT UNION

Jun, 30, 2023 — CN/IC EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in MEMPHIS, TN with 1 branch location and about $9.59 million in total assets. Opened 96 years ago in 1928, CN/IC EMPLOYEES CREDIT UNION has about 1,183 members and employs 3 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:1,183
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:Jul 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$9,592,608
CEO/Manager:SANDRA L GRIFFIS
Chairperson:Jason Grissom

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 439,504
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 984,202
 Other Loans 5,262,145
 TOTAL LOANS 6,246,347
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -168,863
 Land And Building 0
 Other Fixed Assets 274,361
 NCUSIF Deposit 68,914
 All Other Assets 0
  TOTAL ASSETS 9,592,608
LIABILITIES & CAPITAL:  
 Dividends Payable 1,754
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 261,891
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,475,645
 Regular shares 5,317,370
 All Other Shares & Deposits 965,418
  TOTAL SHARES & DEPOSITS 7,758,433
  TOTAL LIABILITIES 8,022,078
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 1,570,530
  TOTAL EQUITY 1,570,530
  TOTAL LIABILITIES, SHARES, & EQUITY 9,592,608
INCOME & EXPENSE  
 Loan Income 317,787
 Investment Income 11,560
 Other Income 79,817
 Total Employee Compensation & Benefits 143,299
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 212,992
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 18,758
 Cost of Funds 8,087
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 47,553
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