Dec, 31, 2023 — UNITED SOUTHEAST FEDERAL CREDIT UNION is a federal credit union headquartered in BRISTOL, TN with 5 branch locations and about $209.28 million in total assets. Opened 83 years ago in 1941, UNITED SOUTHEAST FEDERAL CREDIT UNION has about 17,113 members and employs 46 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UNITED SOUTHEAST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1545 Bluff City Hwy BRISTOL, TN 37620-6018 |
| Phone: | (423) 989-2100 |
| Fax: | (423) 989-2182 |
| Website: | https://usfcu.org |
| Branches: | 5 branch locations |
| Members: | 17,113 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4714 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1941 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $209,282,093 |
| CEO/Manager: | Michelle J Brown |
| Chairperson: | Gary W King |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,848,670 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 24,003,654 |
| Unsecured Loans | 18,482,655 |
| Other Loans | 79,656,876 |
| TOTAL LOANS | 139,063,125 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -598,368 |
| Land And Building | 4,956,356 |
| Other Fixed Assets | 192,723 |
| NCUSIF Deposit | 1,801,333 |
| All Other Assets | 0 |
| TOTAL ASSETS | 209,282,093 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 549,968 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 930,894 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 29,722,425 |
| Regular shares | 68,653,663 |
| All Other Shares & Deposits | 85,494,160 |
| TOTAL SHARES & DEPOSITS | 183,870,248 |
| TOTAL LIABILITIES | 185,351,110 |
| Regular Reserve | 0 |
| Other Reserves | -1,776,250 |
| Undivided Earnings | 25,707,233 |
| TOTAL EQUITY | 23,930,983 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 209,282,093 |
| INCOME & EXPENSE | |
| Loan Income | 7,836,437 |
| Investment Income | 839,578 |
| Other Income | 1,184,706 |
| Total Employee Compensation & Benefits | 3,846,910 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,360,660 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 774,805 |
| Cost of Funds | 2,008,689 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,289,655 |
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