Dec, 31, 2023 — CDC FEDERAL CREDIT UNION is a federal credit union headquartered in ATLANTA, GA with 4 branch locations and about $461.09 million in total assets. Opened 75 years ago in 1949, CDC FEDERAL CREDIT UNION has about 20,621 members and employs 42 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CDC FEDERAL CREDIT UNION |
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Address: (Main Office) | 2301 Parklake Dr NE ATLANTA, GA 30345-2912 |
Phone: | (404) 325-3270 |
Fax: | |
Website: | https://www.cdcfcu.com |
Branches: | 4 branch locations |
Members: | 20,621 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 6053 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1949 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $461,090,668 |
CEO/Manager: | Australia Hoover |
Chairperson: | Sarah Smith |
ASSETS: | $ Amount |
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Cash & Equivalents | 70,990,835 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 1,397,150 |
Real Estate Loans | 67,470,854 |
Unsecured Loans | 10,221,111 |
Other Loans | 71,486,665 |
TOTAL LOANS | 149,178,632 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -647,153 |
Land And Building | 7,229,049 |
Other Fixed Assets | 6,641,191 |
NCUSIF Deposit | 3,218,868 |
All Other Assets | 0 |
TOTAL ASSETS | 461,090,668 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 129 |
Notes & Interest Payable | 65,000,000 |
Accounts Payable & Other Liabilities | 6,853,091 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 109,719,122 |
Regular shares | 142,583,728 |
All Other Shares & Deposits | 139,179,363 |
TOTAL SHARES & DEPOSITS | 391,482,213 |
TOTAL LIABILITIES | 463,335,433 |
Regular Reserve | 0 |
Other Reserves | -35,931,896 |
Undivided Earnings | 33,687,131 |
TOTAL EQUITY | -2,244,765 |
TOTAL LIABILITIES, SHARES, & EQUITY | 461,090,668 |
INCOME & EXPENSE | |
Loan Income | 6,382,171 |
Investment Income | 6,693,593 |
Other Income | 1,787,015 |
Total Employee Compensation & Benefits | 4,531,910 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 5,547,277 |
Non-operating Income & (Expense) | 154,783 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 81,000 |
Cost of Funds | 4,690,331 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 513,277 |
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