Dec, 31, 2020 — COFFEE COUNTY TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in DOUGLAS, GA with 1 branch location and about $3.43 million in total assets. Opened 57 years ago in 1964, COFFEE COUNTY TEACHERS FEDERAL CREDIT UNION has about 1,518 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COFFEE COUNTY TEACHERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1006 MADISON AVE N DOUGLAS, GA 31533-3128 |
| Phone: | (912) 384-2866 |
| Fax: | (912) 384-5155 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 1,518 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16014 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1964 |
| Last Audited: | Dec 01, 2018 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $3,431,494 |
| CEO/Manager: | Norris B Carswell |
| Chairperson: | Michael Stull |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 862,881 |
| TOTAL INVESTMENTS | 400,616 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 298,549 |
| Other Loans | 1,865,843 |
| TOTAL LOANS | 2,164,392 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -122,726 |
| Land And Building | 41,596 |
| Other Fixed Assets | 46,885 |
| NCUSIF Deposit | 30,681 |
| All Other Assets | 7,169 |
| TOTAL ASSETS | 3,431,494 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 12 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 14,354 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 2,732,293 |
| All Other Shares & Deposits | 48,275 |
| TOTAL SHARES & DEPOSITS | 2,780,568 |
| TOTAL LIABILITIES | 2,794,934 |
| Regular Reserve | 61,861 |
| Other Reserves | 0 |
| Undivided Earnings | 574,699 |
| TOTAL EQUITY | 636,560 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,431,494 |
| INCOME & EXPENSE | |
| Loan Income | 177,999 |
| Investment Income | 6,956 |
| Other Income | 30,428 |
| Total Employee Compensation & Benefits | 75,932 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 41,050 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 96,272 |
| Cost of Funds | 12,042 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -9,913 |
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