Dec, 31, 2023 — NORTHEAST COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in ELIZABETHTON, TN with 4 branch locations and about $178.04 million in total assets. Opened 72 years ago in 1952, NORTHEAST COMMUNITY CREDIT UNION has about 12,764 members and employs 47 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NORTHEAST COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 980 Jason Witten Way ELIZABETHTON, TN 37643 |
| Phone: | (423) 547-3820 |
| Fax: | (423) 547-3825 |
| Website: | https://www.bemycu.org |
| Branches: | 4 branch locations |
| Members: | 12,764 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67021 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $178,044,513 |
| CEO/Manager: | Teresa Arnold |
| Chairperson: | Vickey Broyles |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 33,372,328 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 57,928,730 |
| Unsecured Loans | 781,662 |
| Other Loans | 22,877,995 |
| TOTAL LOANS | 86,913,915 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -619,324 |
| Land And Building | 4,753,253 |
| Other Fixed Assets | 210,723 |
| NCUSIF Deposit | 1,445,906 |
| All Other Assets | 31,799 |
| TOTAL ASSETS | 178,044,513 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 93,609 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,518,979 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 31,840,250 |
| Regular shares | 81,005,749 |
| All Other Shares & Deposits | 36,939,703 |
| TOTAL SHARES & DEPOSITS | 149,785,702 |
| TOTAL LIABILITIES | 153,398,290 |
| Regular Reserve | 0 |
| Other Reserves | -1,261,507 |
| Undivided Earnings | 25,907,730 |
| TOTAL EQUITY | 24,646,223 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 178,044,513 |
| INCOME & EXPENSE | |
| Loan Income | 4,064,186 |
| Investment Income | 2,476,047 |
| Other Income | 2,051,301 |
| Total Employee Compensation & Benefits | 2,258,730 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,114,486 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 50,000 |
| Cost of Funds | 1,748,827 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,608,623 |
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