Dec, 31, 2023 — TNCONNECT CREDIT UNION is a federally insured state chartered credit union headquartered in KNOXVILLE, TN with 2 branch locations and about $74.19 million in total assets. Opened 100 years ago in 1924, TNCONNECT CREDIT UNION has about 7,067 members and employs 21 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TNCONNECT CREDIT UNION |
|---|---|
| Address: (Main Office) | 6211 Middlebrook Pike KNOXVILLE, TN 37909 |
| Phone: | (865) 688-2424 |
| Fax: | (865) 688-3113 |
| Website: | https://www.tnconnectcu.org |
| Branches: | 2 branch locations |
| Members: | 7,067 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67666 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1924 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $74,185,326 |
| CEO/Manager: | Martin Bradley |
| Chairperson: | Timothy Sawyer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,812,900 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 10,248,455 |
| Unsecured Loans | 2,197,321 |
| Other Loans | 46,974,411 |
| TOTAL LOANS | 59,420,187 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -295,382 |
| Land And Building | 2,893,148 |
| Other Fixed Assets | 84,974 |
| NCUSIF Deposit | 688,558 |
| All Other Assets | 50,000 |
| TOTAL ASSETS | 74,185,326 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 23 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 892,351 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 16,661,973 |
| Regular shares | 30,797,940 |
| All Other Shares & Deposits | 20,427,324 |
| TOTAL SHARES & DEPOSITS | 67,887,237 |
| TOTAL LIABILITIES | 68,779,611 |
| Regular Reserve | 0 |
| Other Reserves | 1,363,180 |
| Undivided Earnings | 4,042,535 |
| TOTAL EQUITY | 5,405,715 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 74,185,326 |
| INCOME & EXPENSE | |
| Loan Income | 2,560,849 |
| Investment Income | 287,443 |
| Other Income | 230,552 |
| Total Employee Compensation & Benefits | 1,298,277 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,679,678 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 49,035 |
| Cost of Funds | 275,049 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 353,608 |
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