|
||||||||||||
 |
|
|||||||||||
|
||||||||||||
|
Get Breaking News
|
|
|||||||||||||||||||||||||||||||||||
Consumer Credit Union Has $219,882,446 In Assets
BY DOUGLAS WATSON MANAGING EDITOR Consumer Credit Union, which is based in Greeneville, this week reported that its assets total $219,882,446. CCU in recent years has averaged loan losses of only .05 percent of average assets versus peer groups' losses of .85 percent of average assets, according to Sam Miller, the credit union's president. He said that Consumer Credit Union "is truly well capitalized and we are very conservative in our lending, having few loan losses." Miller said CCU maintains $793,371 as a reserve to cover any loan losses. Consumer Credit Union's recent three-month report to the National Credit Union Association (NCUA) listed these assets: loans of $131,285,531, of which $75,900,083 is first-mortgage real estate loans, $32,006,451 is in new vehicle loans, and $17,200,451 is in used vehicle loans. CCU also reported deposits of $193,738,507, capital of $24,383,266 and earnings through September of $1,577,070.
For more information and stories, see today's edition of The Greeneville Sun.
Subscribe to The Greeneville Sun by clicking SUBSCRIBE. Sign up for Breaking News emails from the Sun by clicking EMAIL ALERTS and inputting your email address next to "Add Me" near the top right corner.
|
|
|||||||||||||||||||||||||||||||||||
|
|