Dec, 31, 2023 — E L C O FEDERAL CREDIT UNION is a federal credit union headquartered in ELBERTON, GA with 1 branch location and about $4.52 million in total assets. Opened 49 years ago in 1975, E L C O FEDERAL CREDIT UNION has about 680 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | E L C O FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 50 Laurel Dr Bldg B ELBERTON, GA 30635 |
| Phone: | (706) 213-4186 |
| Fax: | (706) 283-6601 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 680 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22083 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1975 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $4,515,611 |
| CEO/Manager: | Joanne S Dyal |
| Chairperson: | Joan Jordan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 585,868 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 595,899 |
| Other Loans | 2,571,084 |
| TOTAL LOANS | 3,166,983 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -56,004 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 33,487 |
| All Other Assets | 0 |
| TOTAL ASSETS | 4,515,611 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 11,349 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 32,758 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 3,157,404 |
| All Other Shares & Deposits | 419,078 |
| TOTAL SHARES & DEPOSITS | 3,576,482 |
| TOTAL LIABILITIES | 3,620,589 |
| Regular Reserve | 0 |
| Other Reserves | 59,298 |
| Undivided Earnings | 835,724 |
| TOTAL EQUITY | 895,022 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,515,611 |
| INCOME & EXPENSE | |
| Loan Income | 196,767 |
| Investment Income | 22,450 |
| Other Income | 18,307 |
| Total Employee Compensation & Benefits | 91,681 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 73,937 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -601 |
| Cost of Funds | 27,724 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 44,979 |
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