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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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