Dec, 31, 2023 — HAPPY VALLEY CREDIT UNION is a federally insured state chartered credit union headquartered in ELIZABETHTON, TN with 1 branch location and about $37.26 million in total assets. Opened 91 years ago in 1933, HAPPY VALLEY CREDIT UNION has about 3,567 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | HAPPY VALLEY CREDIT UNION |
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Address: (Main Office) | 210 E C St ELIZABETHTON, TN 37643-2722 |
Phone: | (423) 542-6078 |
Fax: | (423) 542-3691 |
Website: | https://www.hvcu-tn.com |
Branches: | 1 branch locations |
Members: | 3,567 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68097 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1933 |
Last Audited: | Mar 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $37,259,890 |
CEO/Manager: | Tonya K Jeffers |
Chairperson: | Sonja Culler |
ASSETS: | $ Amount |
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Cash & Equivalents | 6,445,230 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 650,256 |
Unsecured Loans | 1,458,373 |
Other Loans | 7,295,479 |
TOTAL LOANS | 9,404,108 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -90,044 |
Land And Building | 454,152 |
Other Fixed Assets | 47,237 |
NCUSIF Deposit | 345,713 |
All Other Assets | 0 |
TOTAL ASSETS | 37,259,890 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 70,261 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -77,808 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,998,507 |
Regular shares | 19,539,651 |
All Other Shares & Deposits | 7,738,642 |
TOTAL SHARES & DEPOSITS | 31,276,800 |
TOTAL LIABILITIES | 31,269,253 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 5,990,637 |
TOTAL EQUITY | 5,990,637 |
TOTAL LIABILITIES, SHARES, & EQUITY | 37,259,890 |
INCOME & EXPENSE | |
Loan Income | 486,876 |
Investment Income | 757,606 |
Other Income | 311,025 |
Total Employee Compensation & Benefits | 458,331 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 481,127 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 16,192 |
Cost of Funds | 147,953 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 451,904 |
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