Dec, 31, 2023 — EPB EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in CHATTANOOGA, TN with 2 branch locations and about $40.58 million in total assets. Opened 70 years ago in 1954, EPB EMPLOYEES CREDIT UNION has about 2,517 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EPB EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 1500 McCallie Ave CHATTANOOGA, TN 37404-2937 |
| Phone: | (423) 648-3413 |
| Fax: | (423) 698-2912 |
| Website: | https://www.epbecu.org |
| Branches: | 2 branch locations |
| Members: | 2,517 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60619 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $40,581,151 |
| CEO/Manager: | Jerry B Trotter |
| Chairperson: | Dale McLeod |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 848,390 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,472,306 |
| Unsecured Loans | 1,483,884 |
| Other Loans | 10,150,494 |
| TOTAL LOANS | 18,106,684 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -177,653 |
| Land And Building | 350,517 |
| Other Fixed Assets | 66,054 |
| NCUSIF Deposit | 372,901 |
| All Other Assets | 26,918 |
| TOTAL ASSETS | 40,581,151 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 60,355 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 147,921 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,108,042 |
| Regular shares | 13,383,113 |
| All Other Shares & Deposits | 17,407,477 |
| TOTAL SHARES & DEPOSITS | 36,898,632 |
| TOTAL LIABILITIES | 37,106,908 |
| Regular Reserve | 0 |
| Other Reserves | 1,102,334 |
| Undivided Earnings | 2,371,909 |
| TOTAL EQUITY | 3,474,243 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 40,581,151 |
| INCOME & EXPENSE | |
| Loan Income | 971,731 |
| Investment Income | 498,479 |
| Other Income | 88,917 |
| Total Employee Compensation & Benefits | 476,155 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 535,707 |
| Non-operating Income & (Expense) | 7,999 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 131,963 |
| Cost of Funds | 428,615 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 15,155 |
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