Dec, 31, 2023 — TENNESSEE RIVER FEDERAL CREDIT UNION is a federal credit union headquartered in COUNCE, TN with 0 branch location and about $17.90 million in total assets. Opened 63 years ago in 1961, TENNESSEE RIVER FEDERAL CREDIT UNION has about 1,655 members and employs 5 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 RIVER FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 7030 Highway 57 COUNCE, TN 38326 |
| Phone: | (731) 689-3042 |
| Fax: | (731) 689-3130 |
| Website: | n/a |
| Branches: | 0 branch locations |
| Members: | 1,655 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14333 |
|---|---|
| Membership Type: | Manufacturing - All Other |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $17,898,793 |
| CEO/Manager: | Wanda J Roberts |
| Chairperson: | William C Cromwell |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 191,251 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,704,330 |
| Unsecured Loans | 1,139,506 |
| Other Loans | 6,675,730 |
| TOTAL LOANS | 9,519,565 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -22,497 |
| Land And Building | 609,327 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 163,394 |
| All Other Assets | 0 |
| TOTAL ASSETS | 17,898,793 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 184 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 31,337 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 12,928,373 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 12,928,373 |
| TOTAL LIABILITIES | 12,999,582 |
| Regular Reserve | 0 |
| Other Reserves | 479,839 |
| Undivided Earnings | 4,419,372 |
| TOTAL EQUITY | 4,899,211 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 17,898,793 |
| INCOME & EXPENSE | |
| Loan Income | 480,061 |
| Investment Income | 108,338 |
| Other Income | 6,412 |
| Total Employee Compensation & Benefits | 346,752 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 198,330 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 7,316 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 45,709 |
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