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CN/IC EMPLOYEES CREDIT UNION

Mar, 31, 2022 — CN/IC EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in MEMPHIS, TN with 1 branch location and about $8.72 million in total assets. Opened 94 years ago in 1928, CN/IC EMPLOYEES CREDIT UNION has about 1,195 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: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:http://www.cnicecu.net
Branches:1 branch locations
Members:1,195
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:Aug 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$8,722,084
CEO/Manager:SANDRA L GRIFFIS
Chairperson:Jason Grissom

Call Report

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 429,780
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 991,593
 Other Loans 4,908,688
 TOTAL LOANS 5,900,281
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -159,447
 Land And Building 0
 Other Fixed Assets 33,512
 NCUSIF Deposit 69,707
 All Other Assets 0
  TOTAL ASSETS 8,722,084
LIABILITIES & CAPITAL:  
 Dividends Payable 1,595
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 25,608
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,433,278
 Regular shares 4,699,455
 All Other Shares & Deposits 1,019,187
  TOTAL SHARES & DEPOSITS 7,151,920
  TOTAL LIABILITIES 7,179,123
 Regular Reserve 0
 Other Reserves 295,014
 Undivided Earnings 1,247,947
  TOTAL EQUITY 1,542,961
  TOTAL LIABILITIES, SHARES, & EQUITY 8,722,084
INCOME & EXPENSE  
 Loan Income 107,282
 Investment Income 1,468
 Other Income 25,235
 Total Employee Compensation & Benefits 47,966
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 70,661
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 4,629
 Cost of Funds 2,109
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 19,985
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