Dec, 31, 2023 — SOUTHERN GAS FEDERAL CREDIT UNION is a federal credit union headquartered in LITTLE ROCK, AR with 1 branch location and about $5.44 million in total assets. Opened 45 years ago in 1979, SOUTHERN GAS FEDERAL CREDIT UNION has about 527 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SOUTHERN GAS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2205 E ROOSEVELT RD LITTLE ROCK, AR 72206 |
| Phone: | (501) 374-2036 |
| Fax: | (501) 374-2041 |
| Website: | https://www.southerngasfcu.com |
| Branches: | 1 branch locations |
| Members: | 527 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 23327 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1979 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,436,132 |
| CEO/Manager: | TINA A PLANTE |
| Chairperson: | HUBERT G COOPER |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 628,046 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 713,964 |
| Other Loans | 2,750,485 |
| TOTAL LOANS | 3,464,449 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -811 |
| Land And Building | 0 |
| Other Fixed Assets | 5,191 |
| NCUSIF Deposit | 39,852 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,436,132 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 13,040 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 499,643 |
| Regular shares | 2,297,768 |
| All Other Shares & Deposits | 1,187,798 |
| TOTAL SHARES & DEPOSITS | 3,985,209 |
| TOTAL LIABILITIES | 3,998,249 |
| Regular Reserve | 0 |
| Other Reserves | 45,001 |
| Undivided Earnings | 1,392,882 |
| TOTAL EQUITY | 1,437,883 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,436,132 |
| INCOME & EXPENSE | |
| Loan Income | 232,464 |
| Investment Income | 72,498 |
| Other Income | 17,630 |
| Total Employee Compensation & Benefits | 131,066 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 156,718 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 14,251 |
| Cost of Funds | 14,372 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 11,524 |
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