Dec, 31, 2023 — LEADERS CREDIT UNION is a federally insured state chartered credit union headquartered in JACKSON, TN with 10 branch locations and about $988.71 million in total assets. Opened 67 years ago in 1957, LEADERS CREDIT UNION has about 74,455 members and employs 192 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LEADERS CREDIT UNION |
|---|---|
| Address: (Main Office) | 87 Murray Guard Dr Ste A JACKSON, TN 38305-3775 |
| Phone: | (731) 664-1784 |
| Fax: | (731) 660-8970 |
| Website: | https://www.leaderscu.com |
| Branches: | 10 branch locations |
| Members: | 74,455 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61185 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $988,714,098 |
| CEO/Manager: | Todd Swims |
| Chairperson: | Bart Teague |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 73,601,357 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 6,399,417 |
| Real Estate Loans | 222,900,894 |
| Unsecured Loans | 43,816,940 |
| Other Loans | 594,124,572 |
| TOTAL LOANS | 860,917,373 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,405,725 |
| Land And Building | 20,558,552 |
| Other Fixed Assets | 1,960,873 |
| NCUSIF Deposit | 6,624,220 |
| All Other Assets | 515,250 |
| TOTAL ASSETS | 988,714,098 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 184,463 |
| Notes & Interest Payable | 31,366,600 |
| Accounts Payable & Other Liabilities | 6,086,673 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 7,500,000 |
| Share Drafts | 128,671,164 |
| Regular shares | 220,528,154 |
| All Other Shares & Deposits | 494,497,117 |
| TOTAL SHARES & DEPOSITS | 843,696,437 |
| TOTAL LIABILITIES | 888,834,173 |
| Regular Reserve | 0 |
| Other Reserves | 48,833,515 |
| Undivided Earnings | 51,046,410 |
| TOTAL EQUITY | 99,879,925 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 988,714,098 |
| INCOME & EXPENSE | |
| Loan Income | 47,823,510 |
| Investment Income | 2,404,206 |
| Other Income | 9,354,726 |
| Total Employee Compensation & Benefits | 18,563,339 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 17,119,111 |
| Non-operating Income & (Expense) | 2,680,525 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,123,839 |
| Cost of Funds | 18,720,991 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 14,896,418 |
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