MARSHLAND COMMUNITY FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.marshlandfcu.coop for more information.
Dec, 31, 2023 — MARSHLAND COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in BRUNSWICK, GA with 7 branch locations and about $170.51 million in total assets. Opened 71 years ago in 1953, MARSHLAND COMMUNITY FEDERAL CREDIT UNION has about 15,662 members and employs 57 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MARSHLAND COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | PO BOX 1957 BRUNSWICK, GA 31521-1957 |
| Phone: | (912) 279-2000 |
| Fax: | (912) 262-9397 |
| Website: | https://www.marshlandfcu.coop |
| Branches: | 7 branch locations |
| Members: | 15,662 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8323 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Jun 01, 2019 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $170,511,532 |
| CEO/Manager: | JEFF HOLCOMBE |
| Chairperson: | Samuel L Rountree |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 23,494,068 |
| TOTAL INVESTMENTS | 41,967,369 |
| Loans Held for Sale | 724,500 |
| Real Estate Loans | 35,245,764 |
| Unsecured Loans | 10,284,473 |
| Other Loans | 50,055,760 |
| TOTAL LOANS | 95,585,997 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -703,478 |
| Land And Building | 3,274,047 |
| Other Fixed Assets | 1,070,893 |
| NCUSIF Deposit | 1,202,299 |
| All Other Assets | 3,895,837 |
| TOTAL ASSETS | 170,511,532 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 134,298 |
| Notes & Interest Payable | 11,117,392 |
| Accounts Payable & Other Liabilities | 2,696,457 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 33,631,806 |
| Regular shares | 56,929,000 |
| All Other Shares & Deposits | 48,016,371 |
| TOTAL SHARES & DEPOSITS | 138,577,177 |
| TOTAL LIABILITIES | 152,525,324 |
| Regular Reserve | 2,778,424 |
| Other Reserves | 604,419 |
| Undivided Earnings | 14,603,365 |
| TOTAL EQUITY | 17,986,208 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 170,511,532 |
| INCOME & EXPENSE | |
| Loan Income | 2,663,133 |
| Investment Income | 394,086 |
| Other Income | 1,262,805 |
| Total Employee Compensation & Benefits | 1,990,246 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,500,329 |
| Non-operating Income & (Expense) | 36,188 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 530,000 |
| Cost of Funds | 470,269 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -134,632 |
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