Dec, 31, 2023 — COCA-COLA FEDERAL CREDIT UNION is a federal credit union headquartered in ATLANTA, GA with 3 branch locations and about $216.21 million in total assets. Opened 59 years ago in 1965, COCA-COLA FEDERAL CREDIT UNION has about 12,988 members and employs 39 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COCA-COLA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1 Coca Cola Plz NW ATLANTA, GA 30313-2420 |
| Phone: | (404) 676-2586 |
| Fax: | (404) 598-5864 |
| Website: | https://creditunion.coca-cola.com |
| Branches: | 3 branch locations |
| Members: | 12,988 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 17017 |
|---|---|
| Membership Type: | Manufacturing - All Other |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $216,212,557 |
| CEO/Manager: | Rob Hatefi |
| Chairperson: | Robin Moore |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,305,461 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 65,782,110 |
| Unsecured Loans | 11,066,797 |
| Other Loans | 78,261,871 |
| TOTAL LOANS | 155,110,778 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -986,296 |
| Land And Building | 0 |
| Other Fixed Assets | 239,823 |
| NCUSIF Deposit | 1,628,166 |
| All Other Assets | 0 |
| TOTAL ASSETS | 216,212,557 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 12,547,619 |
| Accounts Payable & Other Liabilities | 999,579 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 48,541,359 |
| Regular shares | 83,879,971 |
| All Other Shares & Deposits | 49,531,926 |
| TOTAL SHARES & DEPOSITS | 181,953,256 |
| TOTAL LIABILITIES | 195,529,036 |
| Regular Reserve | 0 |
| Other Reserves | -5,150,907 |
| Undivided Earnings | 25,834,428 |
| TOTAL EQUITY | 20,683,521 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 216,212,557 |
| INCOME & EXPENSE | |
| Loan Income | 6,927,271 |
| Investment Income | 1,256,796 |
| Other Income | 373,085 |
| Total Employee Compensation & Benefits | 3,863,789 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,365,038 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 245,634 |
| Cost of Funds | 1,415,735 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,430,239 |
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