Nashville Firemen’s Credit Union
94th ANNUAL REPORT
March 30th & 31st
615-226-FIRE
908 Woodland St.
Nashville, TN 37206
Message from the Board of Directors Chairperson
Welcome to the 94th Annual Meeting of your Nashville Firemen’s Credit Union, where we continue to be strong and stable in today’s economic conditions. We are one of the most successful Credit Unions in the State. Management and Staff have continued to grow the Credit Union which leads to better service for you and allows efficient and timely service.
Since 1932, when loans were made on a piece of paper and funded out of one’s pocket, the mission to support and help members achieve their dreams has remained true. As you read through this annual report you will see that we are excited to share the many achievements of the Credit Union. Last year, we continued to achieve positive financial growth. The Credit Union also remains well-capitalized, an important indicator of a financial institution’s safety and soundness. Importantly, membership increased, and we now serve over 3,200 members. As the Credit Union continues to expand, we are committed to maintaining our culture of superior service.
The Board wishes to thank the Volunteers who help management with behind-the-scenes operations that are needed. We also thank the Staff for their efforts in serving the membership. Most of all, we continue to thank you, our members, for your loyalty, trust, and confidence in us.
Respectfully,
Ronald (Addis) Kendall Jr.
Ronald Addis Kendall Jr., Chairmen
Message from the Chief Executive Officer
Nashville Firemen’s Credit Union (NFCU) has come a long way in 94 years, but our commitment to our members and local communities has never changed. I'd like to thank each of you, our Members, Volunteers, and Board of Directors, for trusting and supporting NFCU.
It gives me great pleasure to once again present this year’s CEO message and share the amazing successes that our Credit Union experienced in 2025. I am honored to say this year will be my 11th year in this leadership role and my 22nd year with this amazing Credit Union. 2025 brought about progress and new opportunities that will allow the Credit Union to better serve the membership. The Credit Union takes pride in considering the members when searching for new solutions and creating new services. We strongly believe in our motto, “People Helping People”. We will continue to focus on your primary needs as well as invest in the future with a wide range of activities. As it pertains to growth, your Credit Union continues to be an attractive “safe haven” for your deposits. NFCU continues to provide top-tier competitive rates. The Credit Union is a valuable resource for all your lending needs. NFCU looks for ways to improve your member experience, while continuing to show financial strength. With a strong net worth NFCU is “well capitalized” as determined by federal and state regulators. This allows us to keep improving services. The Credit Union also focuses on financial safety and soundness as demonstrated by holding exceptional ratings from the Tennessee Department of Financial Institutions, and independent auditors. Providing the highest level of safety and soundness is a key metric that this institution takes pride in.
As we look at the months ahead, we are excited to tell you that this year we will add several products and services. Message pay (text to pay), remote check deposit, and mobile wallet (Apple, Samsung, Google pay) just to name a few. You may have also noticed that the Credit Union has new hours, we hope this provides convenience and the best experiences for you as members.
As the CEO of NFCU, I look forward to serving you in 2026 and would like to thank each of you again for your loyalty, support, and trust that you have put in me and the Credit Union over the years.
“And let’s not forget, we are stronger together.”
Sincerely yours,
Donya Johnson
Donya Johnson, CEO
Supervisory Committee Report
NFCU’s Supervisory Committee is appointed by the Board of Directors to evaluate the safety and soundness of the Credit Unions operations and activities, and to ensure that Management implements sound internal controls.
Throughout the year, the Committee works with Management to ensure that internal controls are sound, operations are complied with, records are sound and accurate, as well as audits and independent reviews are performed. Random cash counts of the teller drawers are performed throughout the year by this committee as well.
Each Member/Owner was provided with their statement with an opportunity to verify loans and deposit account balances as of September 30th, 2025. The verification process reflected no material discrepancies in the records of the organization.
Respectfully submitted,
Matthew (Matt) Tidwell
Matthew Tidwell, Chairman
Credit Committee Report
The Credit Committee’s primary purpose is to review the lending activity of the credit union. NFCU’s goal is to ensure loan policies are being followed and all loan decisions are being made in a manner that is both fair to the members and consistent with the safety and soundness of the credit union. Each Committee member is a loan officer with the authority to approve loans or refer them to the full Committee. Over the past few years, the Credit Union has made the loan process easy by providing online access to loan applications and some closings.
The total number of new loans for 2025 was 14,062. The dollar amount of new loans distributed to our members was over $13.3 million last year. The Board continues to offer some of the lowest rates in industry by supporting its philosophy of investing in the members instead of concentrating on an investment portfolio.
Our goal is to be your “first choice” for your borrowing needs. The Credit Committee consider it a privilege to serve you throughout the year. We encourage you to take advantage of the full range of outstanding services that are available at NFCU.
Respectfully Submitted,
Robert Neece
Robert Neece, Chairman
2025-2026 Volunteers & Staff
Board of Directors
Chairman Ronald Addis Kendall
1st Vice Chair Phillip Barber (Retired)
1st Vice Interim Chair Moses Jefferies IV
2nd Vice Chair Rich Delmotte
Secretary Charles “Chuck” Madden
Treasurer Mickey Nolan
Credit Committee
Chairman Matt Tidwell
Chairman Robert Neese
Loan officer Jesse Jones
Loan officer Gary Moore Sr
Loan officer James “Buddy” Baker
Loan officer Solomon Schroder
Supervisory Committee
Chairman Moses Jefferies IV
Chairman Interim Matthew “Matt” Tidwell
Volunteer Tim Holmes
Volunteer Charles Scott
Volunteer Teresa Crum
Volunteer James “Jimbo” Nelson
Nomination Committee
Volunteer Wesley Hudson
Volunteer Charlie Vance
Volunteer Jenney Roach
Volunteer Otto Williams
Volunteer Terresita burkes
NFCU Staff
Building & Grounds Committee
Volunteer Wayman Battle
Volunteer Michael Campanali
volunteer James Simpson
Volunteer Victor Fletcher
Education Committee
Volunteer Marcella Hudson
Volunteer Mark Alford
Volunteer Art Bratcher
Volunteer Edwin Feagins
NFCU Staff
NFCU Staff
Andrea Mercer Chief Financial Officer
Audrey Brooks Operations Supervisor
Bonnie Sensing Administration
Caroline Arnold Loan Officer
Donya Johnson Chief Executive Officer
Michaela Hills Member Service Rep
Sara Reed Financial Service Specialist I
Tracey DeWire Administration
Statement of Financial Condition for period
ending December 31, 2025
Assets
Cash $230,280.63
Investments $7,540,067.95
Loans $26,742,393.81
Allowance for Loan Loss -$155,786.63
Total Fixed Assets $842,597.79
Other Assets $1,787,497.84
Total Assets $36,987,051.39
Liabilities Shares and Equity
Shares
Regular & Club Shares $16,007,131.72
Share Draft Accts $2,920,958.18
Money Market Accts $5,412,982.38
Share Certificates $4,552,284.86
IRA $628,473.76
Non-Member Deposits $127,605.45
Total Other Liabilities $446,112.42
Equity
Regular Reserves $1,822,073.31
Undivided Earnings $5,069,429.31
Total Liabilities Shares and Equity: $36,987,051.39
Total Income
Total Interest on Loans $1,680,973.11
Total Investment Income $385,334.12
Total Non-Interest Income $284,175.24
$2,350,482.47
Total Expense
Dividends on Member Shares -$473,935.77
Interest on Borrowed Money -$0.00
Provision for Loan Losses -$55,100.00
Non-Interest Expense -$1,229,650.61
-1,758,686.38
Net Income/Loss Before
Extraordinary Expense $591,796.09
NCUSIF Stabilization Expense $0.00
Net Income/Loss $591,796.09
Reserve Transfer $0.00
Total number of new loans: 14,062
Total amount of new loans: $13,385,522
Total amount of loans charged off: $102,855
Total amount of recoveries on loans charged off: $28,626
The financial reports are verified by:
Donya Johnson, CEO & Rich Delmotte, Treasurer
Main Office Information
P.O. Box 60567
908 Woodland Street
Nashville, TN 37206
615-226-FIRE
Hours
Monday, Tuesday, Thursday & Friday:
8:00 a.m. - 4:00 p.m.
Wednesday:
7:00 a.m. - 2:00 p.m.
After 2:00 p.m. by appointment
Nashville Firemen’s Credit Union encourages your family to become a member, so they can take advantage of our outstanding services. Become a part of the Credit Union movement to help provide a safe place for your family to save and borrow funds at an affordable rate.