Sep, 30, 2025 — LIFEWAY CREDIT UNION is a federally insured state chartered credit union headquartered in BRENTWOOD, TN with 1 branch location and about $36.92 million in total assets. Opened 72 years ago in 1954, LIFEWAY CREDIT UNION has about 2,097 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LIFEWAY CREDIT UNION |
|---|---|
| Address: (Main Office) | 215 Centerview Dr Ste 3-111 BRENTWOOD, TN 37027 |
| Phone: | (615) 251-2089 |
| Fax: | (615) 251-3728 |
| Website: | https://www.koincu.org |
| Branches: | 1 branch locations |
| Members: | 2,097 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68172 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $36,922,740 |
| CEO/Manager: | Douglas P Clinton |
| Chairperson: | Michael Neill |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,461,960 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 15,671,511 |
| Unsecured Loans | 1,723,065 |
| Other Loans | 4,996,368 |
| TOTAL LOANS | 22,390,944 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -186,203 |
| Land And Building | 0 |
| Other Fixed Assets | 105,344 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 324,964 |
| All Other Assets | 14,540 |
| TOTAL ASSETS | 36,922,740 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 35,619 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,345,078 |
| Regular shares | 8,234,106 |
| All Other Shares & Deposits | 19,199,237 |
| TOTAL SHARES & DEPOSITS | 33,778,421 |
| TOTAL LIABILITIES | 33,814,040 |
| Regular Reserve | 0 |
| Other Reserves | 1,306,664 |
| Undivided Earnings | 1,802,036 |
| TOTAL EQUITY | 3,108,700 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 36,922,740 |
| INCOME & EXPENSE | |
| Loan Income | 937,794 |
| Investment Income | 323,619 |
| Other Income | 21,853 |
| Total Employee Compensation & Benefits | 583,451 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 648,137 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 63,000 |
| Cost of Funds | 310,881 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -192,850 |
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