Dec, 31, 2023 — CREDIT UNION OF GEORGIA is a federally insured state chartered credit union headquartered in WOODSTOCK, GA with 8 branch locations and about $633.21 million in total assets. Opened 64 years ago in 1960, CREDIT UNION OF GEORGIA has about 36,283 members and employs 96 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CREDIT UNION OF GEORGIA |
|---|---|
| Address: (Main Office) | 3048 Eagle Dr WOODSTOCK, GA 30189-5531 |
| Phone: | (678) 322-2000 |
| Fax: | (678) 486-1191 |
| Website: | https://www.cuofga.org |
| Branches: | 8 branch locations |
| Members: | 36,283 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68571 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $633,212,387 |
| CEO/Manager: | Brian C Albrecht |
| Chairperson: | Jill Mutimer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 33,627,025 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 591,279 |
| Real Estate Loans | 263,762,617 |
| Unsecured Loans | 8,506,791 |
| Other Loans | 157,941,170 |
| TOTAL LOANS | 430,210,578 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,201,951 |
| Land And Building | 13,004,823 |
| Other Fixed Assets | 5,522,794 |
| NCUSIF Deposit | 5,462,822 |
| All Other Assets | 115,790 |
| TOTAL ASSETS | 633,212,387 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 8,000,000 |
| Accounts Payable & Other Liabilities | 9,270,917 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 135,737,122 |
| Regular shares | 209,199,205 |
| All Other Shares & Deposits | 220,335,069 |
| TOTAL SHARES & DEPOSITS | 565,271,396 |
| TOTAL LIABILITIES | 582,693,401 |
| Regular Reserve | 0 |
| Other Reserves | -6,851,381 |
| Undivided Earnings | 57,370,367 |
| TOTAL EQUITY | 50,518,986 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 633,212,387 |
| INCOME & EXPENSE | |
| Loan Income | 21,239,169 |
| Investment Income | 4,889,201 |
| Other Income | 3,255,133 |
| Total Employee Compensation & Benefits | 9,109,846 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 9,454,302 |
| Non-operating Income & (Expense) | 98,489 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 855,676 |
| Cost of Funds | 5,725,937 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 7,874,560 |
| ↑ Back to Top | |