NORTH MAIN CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.northmaincu.org for more information.
Dec, 31, 2023 — NORTH MAIN CREDIT UNION is a federally insured state chartered credit union headquartered in CORNELIA, GA with 1 branch location and about $30.20 million in total assets. Opened 45 years ago in 1979, NORTH MAIN CREDIT UNION has about 3,353 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | NORTH MAIN CREDIT UNION |
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Address: (Main Office) | 255 N MAIN ST CORNELIA, GA 30531 |
Phone: | (706) 894-9060 |
Fax: | (706) 894-9070 |
Website: | https://www.northmaincu.org |
Branches: | 1 branch locations |
Members: | 3,353 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67391 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1979 |
Last Audited: | Sep 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $30,201,696 |
CEO/Manager: | Melany B Ward |
Chairperson: | William R McAllister |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,088,180 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,484,660 |
Unsecured Loans | 1,906,458 |
Other Loans | 13,905,856 |
TOTAL LOANS | 20,296,974 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -144,588 |
Land And Building | 428,288 |
Other Fixed Assets | 45,284 |
NCUSIF Deposit | 242,166 |
All Other Assets | 0 |
TOTAL ASSETS | 30,201,696 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 8,723 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 268,397 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,605,967 |
Regular shares | 14,525,260 |
All Other Shares & Deposits | 7,520,322 |
TOTAL SHARES & DEPOSITS | 25,651,549 |
TOTAL LIABILITIES | 25,928,669 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 4,273,027 |
TOTAL EQUITY | 4,273,027 |
TOTAL LIABILITIES, SHARES, & EQUITY | 30,201,696 |
INCOME & EXPENSE | |
Loan Income | 837,104 |
Investment Income | 47,034 |
Other Income | 231,025 |
Total Employee Compensation & Benefits | 549,570 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 419,193 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 20,700 |
Cost of Funds | 13,088 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 229,456 |
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