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THE WEST TENNESSEE CREDIT UNION

Dec, 31, 2023 — THE WEST TENNESSEE CREDIT UNION is a federally insured state chartered credit union headquartered in ATOKA, TN with 1 branch location and about $18.66 million in total assets. Opened 57 years ago in 1967, THE WEST TENNESSEE CREDIT UNION has about 1,671 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:THE WEST TENNESSEE CREDIT UNION
Address:
(Main Office)
13690 Highway 51 S
ATOKA, TN 38004
Phone:(901) 837-0431
Fax:(901) 837-0438
Website:https://www.wtncu.org
Branches:1 branch locations
Members:1,671
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:60726
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1967
Last Audited:Sep 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$18,659,371
CEO/Manager:Kenneth E Newberry
Chairperson:Walter A Wise

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 462,356
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 208,398
 Unsecured Loans 1,003,655
 Other Loans 15,432,654
 TOTAL LOANS 16,644,707
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -185,076
 Land And Building 122,705
 Other Fixed Assets 3,346
 NCUSIF Deposit 171,427
 All Other Assets 0
  TOTAL ASSETS 18,659,371
LIABILITIES & CAPITAL:  
 Dividends Payable 18,303
 Notes & Interest Payable 68,781
 Accounts Payable & Other Liabilities 259,189
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,802,234
 Regular shares 8,168,913
 All Other Shares & Deposits 3,656,377
  TOTAL SHARES & DEPOSITS 16,627,523
  TOTAL LIABILITIES 16,973,796
 Regular Reserve 0
 Other Reserves 884,382
 Undivided Earnings 801,193
  TOTAL EQUITY 1,685,575
  TOTAL LIABILITIES, SHARES, & EQUITY 18,659,371
INCOME & EXPENSE  
 Loan Income 690,832
 Investment Income 71,466
 Other Income 56,045
 Total Employee Compensation & Benefits 283,837
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 284,583
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 25,635
 Cost of Funds 62,634
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 186,623
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