Dec, 31, 2023 — PINNACLE CREDIT UNION is a federally insured state chartered credit union headquartered in ATLANTA, GA with 2 branch locations and about $86.69 million in total assets. Opened 98 years ago in 1926, PINNACLE CREDIT UNION has about 6,805 members and employs 23 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PINNACLE CREDIT UNION |
|---|---|
| Address: (Main Office) | 1342 Glenwood Ave SE ATLANTA, GA 30316 |
| Phone: | (404) 888-1648 |
| Fax: | (404) 888-1622 |
| Website: | https://www.pinnaclecu.org |
| Branches: | 2 branch locations |
| Members: | 6,805 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67632 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1926 |
| Last Audited: | May 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $86,694,223 |
| CEO/Manager: | Matt Selke |
| Chairperson: | Dennis White |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,173,075 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 25,196,685 |
| Unsecured Loans | 3,707,758 |
| Other Loans | 27,732,316 |
| TOTAL LOANS | 56,935,044 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -310,709 |
| Land And Building | 1,969,376 |
| Other Fixed Assets | 2,476,158 |
| NCUSIF Deposit | 798,891 |
| All Other Assets | 0 |
| TOTAL ASSETS | 86,694,223 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 75,214 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 603,311 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 21,511,501 |
| Regular shares | 32,848,148 |
| All Other Shares & Deposits | 26,669,852 |
| TOTAL SHARES & DEPOSITS | 81,029,501 |
| TOTAL LIABILITIES | 81,708,026 |
| Regular Reserve | 0 |
| Other Reserves | 339,787 |
| Undivided Earnings | 4,646,410 |
| TOTAL EQUITY | 4,986,197 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 86,694,223 |
| INCOME & EXPENSE | |
| Loan Income | 2,755,869 |
| Investment Income | 464,463 |
| Other Income | 663,927 |
| Total Employee Compensation & Benefits | 2,098,323 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,526,287 |
| Non-operating Income & (Expense) | 9,354 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 146,727 |
| Cost of Funds | 391,968 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 28,726 |
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