Dec, 31, 2023 — HALLCO COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in GAINESVILLE, GA with 8 branch locations and about $208.51 million in total assets. Opened 53 years ago in 1971, HALLCO COMMUNITY CREDIT UNION has about 20,382 members and employs 55 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HALLCO COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 2601 Limestone Pkwy GAINESVILLE, GA 30501 |
| Phone: | (770) 534-4255 |
| Fax: | (770) 534-8005 |
| Website: | https://www.mygacu.com |
| Branches: | 8 branch locations |
| Members: | 20,382 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68602 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1971 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $208,508,556 |
| CEO/Manager: | Joe Foster |
| Chairperson: | Lamar Gailey |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,528,120 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 31,339,592 |
| Unsecured Loans | 9,438,171 |
| Other Loans | 94,741,831 |
| TOTAL LOANS | 136,403,380 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -321,318 |
| Land And Building | 3,213,751 |
| Other Fixed Assets | 663,710 |
| NCUSIF Deposit | 1,853,626 |
| All Other Assets | 0 |
| TOTAL ASSETS | 208,508,556 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,252,962 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 39,974,725 |
| Regular shares | 89,355,527 |
| All Other Shares & Deposits | 54,849,486 |
| TOTAL SHARES & DEPOSITS | 184,179,738 |
| TOTAL LIABILITIES | 186,432,700 |
| Regular Reserve | 0 |
| Other Reserves | 4,991,265 |
| Undivided Earnings | 17,084,591 |
| TOTAL EQUITY | 22,075,856 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 208,508,556 |
| INCOME & EXPENSE | |
| Loan Income | 8,298,332 |
| Investment Income | 2,488,487 |
| Other Income | 2,463,247 |
| Total Employee Compensation & Benefits | 3,875,461 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,371,647 |
| Non-operating Income & (Expense) | -8,160 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 509,258 |
| Cost of Funds | 2,040,197 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,791,705 |
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