Dec, 31, 2022 — COFFEE COUNTY TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in DOUGLAS, GA with 1 branch location and about $3.73 million in total assets. Opened 59 years ago in 1964, COFFEE COUNTY TEACHERS FEDERAL CREDIT UNION has about 1,094 members and employs 5 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: | 1,094 |
| 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: | Jun 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $3,729,163 |
| CEO/Manager: | Sandra Andrade |
| Chairperson: | Michael Stull |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 255,409 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 351,426 |
| Other Loans | 2,546,983 |
| TOTAL LOANS | 2,898,409 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -65,038 |
| Land And Building | 56,577 |
| Other Fixed Assets | 4,895 |
| NCUSIF Deposit | 30,499 |
| All Other Assets | 0 |
| TOTAL ASSETS | 3,729,163 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 31,563 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 3,281,386 |
| All Other Shares & Deposits | 55,085 |
| TOTAL SHARES & DEPOSITS | 3,336,471 |
| TOTAL LIABILITIES | 3,368,034 |
| Regular Reserve | 0 |
| Other Reserves | 61,861 |
| Undivided Earnings | 299,268 |
| TOTAL EQUITY | 361,129 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,729,163 |
| INCOME & EXPENSE | |
| Loan Income | 217,922 |
| Investment Income | 2,016 |
| Other Income | 26,996 |
| Total Employee Compensation & Benefits | 102,465 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 178,999 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 272,779 |
| Cost of Funds | 1,628 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -302,994 |
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