Dec, 31, 2023 — PEACH STATE FEDERAL CREDIT UNION is a federal credit union headquartered in LAWRENCEVILLE, GA with 27 branch locations and about $963.31 million in total assets. Opened 63 years ago in 1961, PEACH STATE FEDERAL CREDIT UNION has about 69,975 members and employs 252 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PEACH STATE FEDERAL CREDIT UNION |
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Address: (Main Office) | 1505 Lakes Pkwy Ste 100 LAWRENCEVILLE, GA 30043 |
Phone: | (678) 889-4328 |
Fax: | (678) 225-4518 |
Website: | https://www.peachstatefcu.org |
Branches: | 27 branch locations |
Members: | 69,975 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14676 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $963,306,568 |
CEO/Manager: | R. Marshall Boutwell |
Chairperson: | David Welden |
ASSETS: | $ Amount |
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Cash & Equivalents | 77,417,989 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 289,203,835 |
Unsecured Loans | 42,228,668 |
Other Loans | 407,382,993 |
TOTAL LOANS | 738,815,496 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,839,205 |
Land And Building | 18,583,086 |
Other Fixed Assets | 1,356,160 |
NCUSIF Deposit | 7,530,179 |
All Other Assets | 259,593 |
TOTAL ASSETS | 963,306,568 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 62,000,000 |
Accounts Payable & Other Liabilities | 16,257,740 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 184,727,896 |
Regular shares | 399,583,311 |
All Other Shares & Deposits | 224,232,702 |
TOTAL SHARES & DEPOSITS | 808,543,910 |
TOTAL LIABILITIES | 886,801,650 |
Regular Reserve | 0 |
Other Reserves | 20,053,873 |
Undivided Earnings | 56,451,045 |
TOTAL EQUITY | 76,504,918 |
TOTAL LIABILITIES, SHARES, & EQUITY | 963,306,568 |
INCOME & EXPENSE | |
Loan Income | 39,845,163 |
Investment Income | 3,247,418 |
Other Income | 7,867,939 |
Total Employee Compensation & Benefits | 20,521,089 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 18,113,374 |
Non-operating Income & (Expense) | 1,656,828 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,805,000 |
Cost of Funds | 9,288,648 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 9,346,298 |
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