Sep, 30, 2025 — FORTERA FEDERAL CREDIT UNION is a federal credit union headquartered in CLARKSVILLE, TN with 8 branch locations and about $914.33 million in total assets. Opened 72 years ago in 1954, FORTERA FEDERAL CREDIT UNION has about 83,068 members and employs 188 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FORTERA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2050 Lowes Dr CLARKSVILLE, TN 37040-1620 |
| Phone: | (931) 431-6800 |
| Fax: | (931) 431-4387 |
| Website: | https://www.forteracu.com |
| Branches: | 8 branch locations |
| Members: | 83,068 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9759 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $914,329,945 |
| CEO/Manager: | Jennifer Ventimiglia |
| Chairperson: | Linda Griffy |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 80,321,199 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 376,937,104 |
| Unsecured Loans | 55,802,119 |
| Other Loans | 288,675,570 |
| TOTAL LOANS | 722,182,409 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,742,129 |
| Land And Building | 13,813,103 |
| Other Fixed Assets | 4,554,095 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 6,811,089 |
| All Other Assets | 1,343,589 |
| TOTAL ASSETS | 914,329,945 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,509,238 |
| Notes & Interest Payable | 20,000,000 |
| Accounts Payable & Other Liabilities | 11,075,739 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 169,424,143 |
| Regular shares | 178,409,596 |
| All Other Shares & Deposits | 425,446,551 |
| TOTAL SHARES & DEPOSITS | 773,280,290 |
| TOTAL LIABILITIES | 806,937,514 |
| Regular Reserve | 0 |
| Other Reserves | -945,706 |
| Undivided Earnings | 108,338,137 |
| TOTAL EQUITY | 107,392,431 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 914,329,945 |
| INCOME & EXPENSE | |
| Loan Income | 36,648,931 |
| Investment Income | 2,602,235 |
| Other Income | 5,754,728 |
| Total Employee Compensation & Benefits | 16,249,239 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 15,179,195 |
| Non-operating Income & (Expense) | 1,138,704 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,969,930 |
| Cost of Funds | 11,282,601 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,550,863 |
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