Dec, 31, 2020 — COLQUITT COUNTY TEACHER FEDERAL CREDIT UNION is a federal credit union headquartered in Moultrie, GA with 1 branch location and about $8.69 million in total assets. Opened 64 years ago in 1957, COLQUITT COUNTY TEACHER FEDERAL CREDIT UNION has about 1,851 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COLQUITT COUNTY TEACHER FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | PO Box 2708 Moultrie, GA 31776 |
| Phone: | (229) 890-6214 |
| Fax: | (229) 985-4158 |
| Website: | http://www.colquitt.k12.ga.us |
| Branches: | 1 branch locations |
| Members: | 1,851 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11996 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Jun 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $8,694,634 |
| CEO/Manager: | Sally Yarbrough |
| Chairperson: | Marlon Keith Adams |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 20,827 |
| TOTAL INVESTMENTS | 2,740,466 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 590,108 |
| Other Loans | 5,104,783 |
| TOTAL LOANS | 5,694,891 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -18,885 |
| Land And Building | 143,598 |
| Other Fixed Assets | 6,172 |
| NCUSIF Deposit | 60,529 |
| All Other Assets | 47,036 |
| TOTAL ASSETS | 8,694,634 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 200,000 |
| Accounts Payable & Other Liabilities | 10,649 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,826,758 |
| All Other Shares & Deposits | 4,963,792 |
| TOTAL SHARES & DEPOSITS | 6,790,550 |
| TOTAL LIABILITIES | 7,001,199 |
| Regular Reserve | 76,317 |
| Other Reserves | 0 |
| Undivided Earnings | 1,617,118 |
| TOTAL EQUITY | 1,693,435 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 8,694,634 |
| INCOME & EXPENSE | |
| Loan Income | 293,958 |
| Investment Income | 38,264 |
| Other Income | 47,962 |
| Total Employee Compensation & Benefits | 189,243 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 112,129 |
| Non-operating Income & (Expense) | 2,072 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 13,882 |
| Cost of Funds | 39,268 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 27,734 |
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