Dec, 31, 2023 — TENNESSEE EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in NASHVILLE, TN with 1 branch location and about $30.98 million in total assets. Opened 55 years ago in 1969, TENNESSEE EMPLOYEES CREDIT UNION has about 2,909 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | TENNESSEE EMPLOYEES CREDIT UNION |
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Address: (Main Office) | 220 French Landing NASHVILLE, TN 37243 |
Phone: | (615) 741-2142 |
Fax: | |
Website: | https://www.tnecu.org |
Branches: | 1 branch locations |
Members: | 2,909 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68101 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1969 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $30,983,973 |
CEO/Manager: | Tricia Cunningham |
Chairperson: | Bishakah Van Voris |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,711,821 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,644,706 |
Unsecured Loans | 2,541,744 |
Other Loans | 9,651,781 |
TOTAL LOANS | 14,838,231 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -125,851 |
Land And Building | 0 |
Other Fixed Assets | 76,562 |
NCUSIF Deposit | 242,835 |
All Other Assets | 0 |
TOTAL ASSETS | 30,983,973 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 279,735 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,300,801 |
Regular shares | 13,776,830 |
All Other Shares & Deposits | 6,775,855 |
TOTAL SHARES & DEPOSITS | 24,853,486 |
TOTAL LIABILITIES | 25,133,221 |
Regular Reserve | 0 |
Other Reserves | 2,964,639 |
Undivided Earnings | 2,886,113 |
TOTAL EQUITY | 5,850,752 |
TOTAL LIABILITIES, SHARES, & EQUITY | 30,983,973 |
INCOME & EXPENSE | |
Loan Income | 889,847 |
Investment Income | 264,726 |
Other Income | 396,312 |
Total Employee Compensation & Benefits | 405,398 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 703,638 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 130,000 |
Cost of Funds | 122,792 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 214,214 |
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