Dec, 31, 2023 — EMPLOYEE RESOURCES CREDIT UNION is a federally insured state chartered credit union headquartered in LAWRENCEBURG, TN with 6 branch locations and about $147.21 million in total assets. Opened 60 years ago in 1964, EMPLOYEE RESOURCES CREDIT UNION has about 22,329 members and employs 50 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | EMPLOYEE RESOURCES CREDIT UNION |
---|---|
Address: (Main Office) | P O BOX 987 LAWRENCEBURG, TN 38464-4455 |
Phone: | (931) 766-9288 |
Fax: | (931) 762-0583 |
Website: | https://www.ercu.org |
Branches: | 6 branch locations |
Members: | 22,329 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67789 |
---|---|
Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1964 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $147,209,137 |
CEO/Manager: | Konda D Bowling |
Chairperson: | MARIE D HURREN |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 11,951,012 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 26,330,838 |
Unsecured Loans | 12,402,359 |
Other Loans | 85,915,339 |
TOTAL LOANS | 124,648,536 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -779,828 |
Land And Building | 3,142,795 |
Other Fixed Assets | 123,062 |
NCUSIF Deposit | 1,241,842 |
All Other Assets | 115,965 |
TOTAL ASSETS | 147,209,137 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 859,610 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 21,615,615 |
Regular shares | 41,402,668 |
All Other Shares & Deposits | 68,317,844 |
TOTAL SHARES & DEPOSITS | 131,336,127 |
TOTAL LIABILITIES | 132,195,737 |
Regular Reserve | 0 |
Other Reserves | 9,370,493 |
Undivided Earnings | 5,642,907 |
TOTAL EQUITY | 15,013,400 |
TOTAL LIABILITIES, SHARES, & EQUITY | 147,209,137 |
INCOME & EXPENSE | |
Loan Income | 6,075,457 |
Investment Income | 259,057 |
Other Income | 2,073,398 |
Total Employee Compensation & Benefits | 2,280,357 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,107,332 |
Non-operating Income & (Expense) | 265,354 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 659,758 |
Cost of Funds | 1,689,320 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,936,499 |
↑ Back to Top |