Dec, 31, 2023 — TENNESSEE DEPARTMENT OF SAFETY CREDIT UNION is a federally insured state chartered credit union headquartered in NASHVILLE, TN with 3 branch locations and about $10.89 million in total assets. Opened 53 years ago in 1971, TENNESSEE DEPARTMENT OF SAFETY CREDIT UNION has about 1,576 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TENNESSEE DEPARTMENT OF SAFETY CREDIT UNION |
|---|---|
| Address: (Main Office) | 1150 Foster Ave NASHVILLE, TN 37243-4400 |
| Phone: | (615) 251-5145 |
| Fax: | (615) 256-1343 |
| Website: | https://tdoscu.com |
| Branches: | 3 branch locations |
| Members: | 1,576 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67971 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1971 |
| Last Audited: | Feb 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $10,886,907 |
| CEO/Manager: | KAREN L ALLRED |
| Chairperson: | Jerri Siegrist |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 748,347 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 734,165 |
| Other Loans | 8,663,641 |
| TOTAL LOANS | 9,397,807 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -64,354 |
| Land And Building | 0 |
| Other Fixed Assets | 112 |
| NCUSIF Deposit | 76,949 |
| All Other Assets | 0 |
| TOTAL ASSETS | 10,886,907 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 14,227 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,290 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 5,670,432 |
| All Other Shares & Deposits | 2,832,428 |
| TOTAL SHARES & DEPOSITS | 8,502,860 |
| TOTAL LIABILITIES | 8,523,377 |
| Regular Reserve | 0 |
| Other Reserves | 611,686 |
| Undivided Earnings | 1,751,844 |
| TOTAL EQUITY | 2,363,530 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 10,886,907 |
| INCOME & EXPENSE | |
| Loan Income | 436,503 |
| Investment Income | 40,829 |
| Other Income | 40,982 |
| Total Employee Compensation & Benefits | 162,575 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 76,318 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 19,450 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 259,971 |
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