Dec, 31, 2023 — SCENIC COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in HIXSON, TN with 4 branch locations and about $155.12 million in total assets. Opened 70 years ago in 1954, SCENIC COMMUNITY CREDIT UNION has about 14,305 members and employs 45 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SCENIC COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 4503 Hixson Pike HIXSON, TN 37343 |
| Phone: | (423) 875-6955 |
| Fax: | (423) 875-2188 |
| Website: | https://www.mysccu.com |
| Branches: | 4 branch locations |
| Members: | 14,305 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67747 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $155,124,790 |
| CEO/Manager: | Kendall G Foster |
| Chairperson: | Allen Neely |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,308,879 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 15,503,798 |
| Unsecured Loans | 2,495,452 |
| Other Loans | 103,442,325 |
| TOTAL LOANS | 121,441,576 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,101,171 |
| Land And Building | 3,716,300 |
| Other Fixed Assets | 434,908 |
| NCUSIF Deposit | 1,234,538 |
| All Other Assets | 618,640 |
| TOTAL ASSETS | 155,124,790 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 48,588 |
| Notes & Interest Payable | 3,566,725 |
| Accounts Payable & Other Liabilities | 664,875 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 26,350,032 |
| Regular shares | 48,964,358 |
| All Other Shares & Deposits | 60,156,316 |
| TOTAL SHARES & DEPOSITS | 135,470,706 |
| TOTAL LIABILITIES | 139,750,894 |
| Regular Reserve | 0 |
| Other Reserves | 12,373,091 |
| Undivided Earnings | 3,000,805 |
| TOTAL EQUITY | 15,373,896 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 155,124,790 |
| INCOME & EXPENSE | |
| Loan Income | 6,647,790 |
| Investment Income | 337,923 |
| Other Income | 950,393 |
| Total Employee Compensation & Benefits | 2,690,959 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,301,734 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 280,325 |
| Cost of Funds | 1,647,593 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 367,954 |
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