Dec, 31, 2023 — CRMC EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in DOUGLAS, GA with 2 branch locations and about $2.89 million in total assets. Opened 52 years ago in 1972, CRMC EMPLOYEES CREDIT UNION has about 1,300 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CRMC EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 196 Westside Dr DOUGLAS, GA 31533 |
| Phone: | (912) 383-5640 |
| Fax: | (912) 383-6917 |
| Website: | n/a |
| Branches: | 2 branch locations |
| Members: | 1,300 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61262 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1972 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,889,744 |
| CEO/Manager: | MATTIE L BIVENS |
| Chairperson: | SHERRY T THOMAS |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 58,988 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 290,292 |
| Other Loans | 1,520,251 |
| TOTAL LOANS | 1,810,543 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -34,981 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 25,469 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,889,744 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 14,645 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 2,275,744 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 2,275,743 |
| TOTAL LIABILITIES | 2,290,388 |
| Regular Reserve | 0 |
| Other Reserves | 55,272 |
| Undivided Earnings | 544,084 |
| TOTAL EQUITY | 599,356 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,889,744 |
| INCOME & EXPENSE | |
| Loan Income | 81,859 |
| Investment Income | 46,826 |
| Other Income | 12,025 |
| Total Employee Compensation & Benefits | 57,485 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 31,292 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,200 |
| Cost of Funds | 5,894 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 42,839 |
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