Dec, 31, 2020 — LOCOGA FEDERAL CREDIT UNION is a federal credit union headquartered in Valdosta, GA with 1 branch location and about $4.55 million in total assets. Opened 61 years ago in 1960, LOCOGA FEDERAL CREDIT UNION has about 789 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LOCOGA FEDERAL CREDIT UNION |
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Address: (Main Office) | PO Box 5787 Valdosta, GA 31603 |
Phone: | (229) 244-4513 |
Fax: | (229) 244-5995 |
Website: | http://www.locogafcu.com |
Branches: | 1 branch locations |
Members: | 789 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13516 |
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Membership Type: | Educational |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Sep 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $4,547,209 |
CEO/Manager: | Peggy A Daniels |
Chairperson: | Calvin M Walker |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,262,865 |
TOTAL INVESTMENTS | 1,296,469 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 725,153 |
Other Loans | 1,219,089 |
TOTAL LOANS | 1,944,242 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -19,155 |
Land And Building | 0 |
Other Fixed Assets | 1,123 |
NCUSIF Deposit | 41,209 |
All Other Assets | 20,456 |
TOTAL ASSETS | 4,547,209 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,405 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 307,526 |
Regular shares | 2,166,469 |
All Other Shares & Deposits | 1,697,900 |
TOTAL SHARES & DEPOSITS | 4,171,895 |
TOTAL LIABILITIES | 4,174,300 |
Regular Reserve | 63,229 |
Other Reserves | 0 |
Undivided Earnings | 309,680 |
TOTAL EQUITY | 372,909 |
TOTAL LIABILITIES, SHARES, & EQUITY | 4,547,209 |
INCOME & EXPENSE | |
Loan Income | 121,082 |
Investment Income | 25,048 |
Other Income | 27,877 |
Total Employee Compensation & Benefits | 56,012 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 102,994 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,408 |
Cost of Funds | 13,091 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -5,498 |
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