Dec, 31, 2023 — CORE CREDIT UNION is a federally insured state chartered credit union headquartered in STATESBORO, GA with 4 branch locations and about $140.83 million in total assets. Opened 33 years ago in 1991, CORE CREDIT UNION has about 15,414 members and employs 47 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CORE CREDIT UNION |
|---|---|
| Address: (Main Office) | 43 N Main St STATESBORO, GA 30458 |
| Phone: | (912) 764-9846 |
| Fax: | (912) 764-5386 |
| Website: | https://www.corecu.org |
| Branches: | 4 branch locations |
| Members: | 15,414 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67371 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1991 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $140,832,012 |
| CEO/Manager: | Robert Clampett |
| Chairperson: | Joseph Ruhland |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,697,408 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 24,589,581 |
| Unsecured Loans | 7,494,554 |
| Other Loans | 59,776,964 |
| TOTAL LOANS | 91,861,097 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -473,676 |
| Land And Building | 5,346,143 |
| Other Fixed Assets | 1,055,155 |
| NCUSIF Deposit | 1,245,314 |
| All Other Assets | 154,998 |
| TOTAL ASSETS | 140,832,012 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,291,910 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 39,550,229 |
| Regular shares | 57,615,556 |
| All Other Shares & Deposits | 24,476,428 |
| TOTAL SHARES & DEPOSITS | 121,642,213 |
| TOTAL LIABILITIES | 123,934,123 |
| Regular Reserve | 0 |
| Other Reserves | 8,099,884 |
| Undivided Earnings | 8,798,005 |
| TOTAL EQUITY | 16,897,889 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 140,832,012 |
| INCOME & EXPENSE | |
| Loan Income | 5,065,921 |
| Investment Income | 914,027 |
| Other Income | 2,331,588 |
| Total Employee Compensation & Benefits | 3,767,044 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,536,358 |
| Non-operating Income & (Expense) | 242,696 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 83,058 |
| Cost of Funds | 521,174 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,044,098 |
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