Dec, 31, 2023 — HOLLEY CREDIT UNION is a federally insured state chartered credit union headquartered in PARIS, TN with 1 branch location and about $85.52 million in total assets. Opened 72 years ago in 1952, HOLLEY CREDIT UNION has about 7,850 members and employs 20 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HOLLEY CREDIT UNION |
|---|---|
| Address: (Main Office) | 1107 Mineral Wells Ave PARIS, TN 38242-4903 |
| Phone: | (731) 644-9031 |
| Fax: | |
| Website: | https://www.holleycreditunion.org |
| Branches: | 1 branch locations |
| Members: | 7,850 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68073 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $85,520,531 |
| CEO/Manager: | Van W Bowden |
| Chairperson: | Dale M Evans |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 13,722,667 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 2,448,712 |
| Other Loans | 59,325,076 |
| TOTAL LOANS | 64,815,246 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -971,777 |
| Land And Building | 473,558 |
| Other Fixed Assets | 469,710 |
| NCUSIF Deposit | 694,702 |
| All Other Assets | 107,934 |
| TOTAL ASSETS | 85,520,531 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,093,734 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 11,133,377 |
| Regular shares | 33,610,886 |
| All Other Shares & Deposits | 28,636,821 |
| TOTAL SHARES & DEPOSITS | 73,381,084 |
| TOTAL LIABILITIES | 74,474,818 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 11,045,713 |
| TOTAL EQUITY | 11,045,713 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 85,520,531 |
| INCOME & EXPENSE | |
| Loan Income | 3,133,118 |
| Investment Income | 408,355 |
| Other Income | 445,487 |
| Total Employee Compensation & Benefits | 1,118,419 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,002,135 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 180,000 |
| Cost of Funds | 1,044,133 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,081,566 |
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