Dec, 31, 2023 — OUTREACH COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in HERMITAGE, TN with 2 branch locations and about $27.24 million in total assets. Opened 71 years ago in 1953, OUTREACH COMMUNITY FEDERAL CREDIT UNION has about 1,856 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | OUTREACH COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3904 Central Pike HERMITAGE, TN 37076-3409 |
| Phone: | (615) 883-4019 |
| Fax: | (615) 883-4576 |
| Website: | https://www.outreachcu.com |
| Branches: | 2 branch locations |
| Members: | 1,856 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8922 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $27,239,400 |
| CEO/Manager: | CONNIE S ANDERSON |
| Chairperson: | EDWARD F SANDLIN |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,972,647 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,243,134 |
| Unsecured Loans | 2,005,472 |
| Other Loans | 8,353,974 |
| TOTAL LOANS | 16,752,088 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -179,658 |
| Land And Building | 654,123 |
| Other Fixed Assets | 32,071 |
| NCUSIF Deposit | 255,593 |
| All Other Assets | 0 |
| TOTAL ASSETS | 27,239,400 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 156,558 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,494,413 |
| Regular shares | 6,852,845 |
| All Other Shares & Deposits | 15,459,393 |
| TOTAL SHARES & DEPOSITS | 23,806,651 |
| TOTAL LIABILITIES | 23,963,209 |
| Regular Reserve | 0 |
| Other Reserves | 458,096 |
| Undivided Earnings | 2,818,095 |
| TOTAL EQUITY | 3,276,191 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 27,239,400 |
| INCOME & EXPENSE | |
| Loan Income | 977,890 |
| Investment Income | 419,299 |
| Other Income | 176,250 |
| Total Employee Compensation & Benefits | 469,850 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 473,619 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 62,794 |
| Cost of Funds | 480,372 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 105,510 |
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