Dec, 31, 2023 — SEVIER COUNTY SCHOOLS FEDERAL CREDIT UNION is a federal credit union headquartered in SEVIERVILLE, TN with 1 branch location and about $12.58 million in total assets. Opened 46 years ago in 1978, SEVIER COUNTY SCHOOLS FEDERAL CREDIT UNION has about 1,347 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SEVIER COUNTY SCHOOLS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 164 N Henderson Ave Ste B SEVIERVILLE, TN 37862 |
| Phone: | (865) 428-4426 |
| Fax: | (865) 428-4832 |
| Website: | https://www.scscreditunion.org |
| Branches: | 1 branch locations |
| Members: | 1,347 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 23060 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1978 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $12,584,753 |
| CEO/Manager: | Bambi Loveday |
| Chairperson: | Charles T McGaha |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,658,659 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 383,372 |
| Other Loans | 5,428,212 |
| TOTAL LOANS | 5,811,584 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -21,254 |
| Land And Building | 66,507 |
| Other Fixed Assets | 11,988 |
| NCUSIF Deposit | 116,025 |
| All Other Assets | 0 |
| TOTAL ASSETS | 12,584,753 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,889 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 9,746,466 |
| All Other Shares & Deposits | 660,075 |
| TOTAL SHARES & DEPOSITS | 10,406,540 |
| TOTAL LIABILITIES | 10,409,429 |
| Regular Reserve | 0 |
| Other Reserves | 112,797 |
| Undivided Earnings | 2,062,527 |
| TOTAL EQUITY | 2,175,324 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 12,584,753 |
| INCOME & EXPENSE | |
| Loan Income | 242,330 |
| Investment Income | 288,300 |
| Other Income | 3,277 |
| Total Employee Compensation & Benefits | 133,853 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 121,833 |
| Non-operating Income & (Expense) | 12,169 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,814 |
| Cost of Funds | 31,909 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 252,667 |
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