Dec, 31, 2023 — SOUTHERN PINE CREDIT UNION is a federally insured state chartered credit union headquartered in VALDOSTA, GA with 1 branch location and about $33.92 million in total assets. Opened 33 years ago in 1991, SOUTHERN PINE CREDIT UNION has about 1,427 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SOUTHERN PINE CREDIT UNION |
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Address: (Main Office) | 5495 Clyattville Lake Park Rd VALDOSTA, GA 31601-0871 |
Phone: | (229) 559-3311 |
Fax: | (229) 588-8627 |
Website: | https://www.southernpinecu.org |
Branches: | 1 branch locations |
Members: | 1,427 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67403 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1991 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $33,916,513 |
CEO/Manager: | Samuel H Dawson |
Chairperson: | William R Youngblood |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,391,696 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 12,968,909 |
Unsecured Loans | 1,088,632 |
Other Loans | 6,430,431 |
TOTAL LOANS | 20,487,972 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -104,764 |
Land And Building | 0 |
Other Fixed Assets | 70,825 |
NCUSIF Deposit | 353,450 |
All Other Assets | 0 |
TOTAL ASSETS | 33,916,513 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 118,063 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,051,772 |
Regular shares | 19,794,505 |
All Other Shares & Deposits | 8,000,848 |
TOTAL SHARES & DEPOSITS | 29,847,125 |
TOTAL LIABILITIES | 29,965,188 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 3,951,325 |
TOTAL EQUITY | 3,951,325 |
TOTAL LIABILITIES, SHARES, & EQUITY | 33,916,513 |
INCOME & EXPENSE | |
Loan Income | 957,591 |
Investment Income | 568,350 |
Other Income | 29,715 |
Total Employee Compensation & Benefits | 552,583 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 599,193 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -39,969 |
Cost of Funds | 143,776 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 398,713 |
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