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SOUTHERN PINE CREDIT UNION

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
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
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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