Dec, 31, 2023 — CITY EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in KNOXVILLE, TN with 4 branch locations and about $111.50 million in total assets. Opened 92 years ago in 1932, CITY EMPLOYEES CREDIT UNION has about 8,607 members and employs 22 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CITY EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 1720 WESTERN AVE KNOXVILLE, TN 37921 |
| Phone: | (865) 824-7200 |
| Fax: | (865) 824-7205 |
| Website: | https://www.cecuknox.com |
| Branches: | 4 branch locations |
| Members: | 8,607 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67778 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1932 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $111,499,745 |
| CEO/Manager: | LARRY D PRESSLEY |
| Chairperson: | KENDALL STILES |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,540,159 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 41,399,470 |
| Unsecured Loans | 4,619,270 |
| Other Loans | 26,456,801 |
| TOTAL LOANS | 72,475,541 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -354,929 |
| Land And Building | 364,562 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 818,138 |
| All Other Assets | 0 |
| TOTAL ASSETS | 111,499,745 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,346,880 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,495,756 |
| Regular shares | 54,820,178 |
| All Other Shares & Deposits | 18,577,066 |
| TOTAL SHARES & DEPOSITS | 88,893,000 |
| TOTAL LIABILITIES | 90,239,880 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 21,259,865 |
| TOTAL EQUITY | 21,259,865 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 111,499,745 |
| INCOME & EXPENSE | |
| Loan Income | 3,123,544 |
| Investment Income | 1,494,847 |
| Other Income | 281,766 |
| Total Employee Compensation & Benefits | 1,283,783 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,577,935 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 170,154 |
| Cost of Funds | 494,083 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,765,466 |
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