Dec, 31, 2023 — GEORGIA'S OWN CREDIT UNION is a federally insured state chartered credit union headquartered in ATLANTA, GA with 33 branch locations and about $4.28 billion in total assets. Opened 90 years ago in 1934, GEORGIA'S OWN CREDIT UNION has about 240,650 members and employs 696 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GEORGIA'S OWN CREDIT UNION |
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Address: (Main Office) | 100 Peachtree St NW ATLANTA, GA 30303 |
Phone: | (404) 874-1166 |
Fax: | |
Website: | https://www.georgiasown.org |
Branches: | 33 branch locations |
Members: | 240,650 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67390 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1934 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $4,282,369,898 |
CEO/Manager: | Dave A Preter |
Chairperson: | Richard E Burns |
ASSETS: | $ Amount |
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Cash & Equivalents | 300,907,358 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 349,000 |
Real Estate Loans | 1,515,438,950 |
Unsecured Loans | 401,379,144 |
Other Loans | 1,306,282,474 |
TOTAL LOANS | 3,223,100,569 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -46,405,297 |
Land And Building | 48,480,992 |
Other Fixed Assets | 43,985,180 |
NCUSIF Deposit | 32,637,903 |
All Other Assets | 2,716,550 |
TOTAL ASSETS | 4,282,369,898 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 7,148 |
Notes & Interest Payable | 352,064,096 |
Accounts Payable & Other Liabilities | 86,100,805 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 50,000,000 |
Share Drafts | 923,701,746 |
Regular shares | 1,114,942,856 |
All Other Shares & Deposits | 1,412,662,289 |
TOTAL SHARES & DEPOSITS | 3,451,306,892 |
TOTAL LIABILITIES | 3,939,479,105 |
Regular Reserve | 0 |
Other Reserves | -2,543,596 |
Undivided Earnings | 345,434,389 |
TOTAL EQUITY | 342,890,793 |
TOTAL LIABILITIES, SHARES, & EQUITY | 4,282,369,898 |
INCOME & EXPENSE | |
Loan Income | 204,446,102 |
Investment Income | 22,168,560 |
Other Income | 23,655,977 |
Total Employee Compensation & Benefits | 84,345,755 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 66,126,733 |
Non-operating Income & (Expense) | 7,458,922 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 54,023,330 |
Cost of Funds | 74,311,738 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 14,132,402 |
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