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CDC FEDERAL CREDIT UNION

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
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
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

Call Report

  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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