Dec, 31, 2023 — ASSOCIATED CREDIT UNION is a federally insured state chartered credit union headquartered in NORCROSS, GA with 18 branch locations and about $2.17 billion in total assets. Opened 94 years ago in 1930, ASSOCIATED CREDIT UNION has about 158,336 members and employs 377 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ASSOCIATED CREDIT UNION |
---|---|
Address: (Main Office) | 6251 Crooked Creek Rd NORCROSS, GA 30092-3107 |
Phone: | (770) 448-8200 |
Fax: | (770) 368-2120 |
Website: | https://www.acuonline.org |
Branches: | 18 branch locations |
Members: | 158,336 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60484 |
---|---|
Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1930 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $2,168,088,119 |
CEO/Manager: | Lin Hodges |
Chairperson: | Exceptral Harden |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 244,639,843 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 1,281,200 |
Real Estate Loans | 472,935,455 |
Unsecured Loans | 78,248,397 |
Other Loans | 950,016,987 |
TOTAL LOANS | 1,501,200,839 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -9,752,105 |
Land And Building | 14,219,774 |
Other Fixed Assets | 3,391,775 |
NCUSIF Deposit | 17,592,340 |
All Other Assets | 988,302 |
TOTAL ASSETS | 2,168,088,119 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 241,061 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 23,227,616 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 383,152,050 |
Regular shares | 570,382,249 |
All Other Shares & Deposits | 949,023,449 |
TOTAL SHARES & DEPOSITS | 1,902,557,749 |
TOTAL LIABILITIES | 1,926,026,426 |
Regular Reserve | 0 |
Other Reserves | -18,933,025 |
Undivided Earnings | 260,994,718 |
TOTAL EQUITY | 242,061,693 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,168,088,119 |
INCOME & EXPENSE | |
Loan Income | 65,643,256 |
Investment Income | 18,103,463 |
Other Income | 16,909,769 |
Total Employee Compensation & Benefits | 36,206,855 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 30,174,576 |
Non-operating Income & (Expense) | 8,806 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,694,024 |
Cost of Funds | 21,501,162 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 13,877,245 |
↑ Back to Top |