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TENNESSEE MEMBERS 1ST FEDERAL CREDIT UNION

Dec, 31, 2023 — TENNESSEE MEMBERS 1ST FEDERAL CREDIT UNION is a federal credit union headquartered in OAK RIDGE, TN with 2 branch locations and about $96.31 million in total assets. Opened 78 years ago in 1946, TENNESSEE MEMBERS 1ST FEDERAL CREDIT UNION has about 4,683 members and employs 20 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 264281393
Name:TENNESSEE MEMBERS 1ST FEDERAL CREDIT UNION
Address:
(Main Office)
112 Administration Rd
OAK RIDGE, TN 37830
Phone:(865) 482-4343
Fax:(865) 482-2617
Website:https://www.mymembersfirst.org
Branches:2 branch locations
Members:4,683
Credit Union Type:Federal Credit Union
Charter Number:5318
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1946
Last Audited:Dec 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$96,311,746
CEO/Manager:James R Mikels
Chairperson:Sonya Jackson

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,279,180
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 20,734,991
 Unsecured Loans 2,071,595
 Other Loans 20,636,753
 TOTAL LOANS 44,777,946
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -215,399
 Land And Building 1,388,154
 Other Fixed Assets 456,542
 NCUSIF Deposit 908,080
 All Other Assets 0
  TOTAL ASSETS 96,311,746
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,333,522
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 18,604,620
 Regular shares 41,594,678
 All Other Shares & Deposits 28,383,070
  TOTAL SHARES & DEPOSITS 88,582,369
  TOTAL LIABILITIES 89,915,891
 Regular Reserve 0
 Other Reserves -2,700,410
 Undivided Earnings 9,096,265
  TOTAL EQUITY 6,395,855
  TOTAL LIABILITIES, SHARES, & EQUITY 96,311,746
INCOME & EXPENSE  
 Loan Income 2,267,810
 Investment Income 1,094,858
 Other Income 133,104
 Total Employee Compensation & Benefits 1,357,424
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,199,288
 Non-operating Income & (Expense) 202,925
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -29,731
 Cost of Funds 750,501
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -53,566
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