Jun, 30, 2024 — COWETA CITIES & COUNTY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in NEWNAN, GA with 1 branch location and about $29.61 million in total assets. Opened 54 years ago in 1971, COWETA CITIES & COUNTY EMPLOYEES FEDERAL CREDIT UNION has about 3,067 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: | COWETA CITIES & COUNTY EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 43 Jefferson Pkwy NEWNAN, GA 30263-5813 |
| Phone: | (770) 253-2273 |
| Fax: | (770) 253-4218 |
| Website: | https://www.cccefcu.org |
| Branches: | 1 branch locations |
| Members: | 3,067 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 20509 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1971 |
| Last Audited: | May 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $29,611,129 |
| CEO/Manager: | Rebecca A McCollum |
| Chairperson: | Travis W Hall |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,757,660 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 433,754 |
| Other Loans | 8,252,447 |
| TOTAL LOANS | 8,686,201 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -20,943 |
| Land And Building | 268,302 |
| Other Fixed Assets | 16,341 |
| NCUSIF Deposit | 245,933 |
| All Other Assets | 0 |
| TOTAL ASSETS | 29,611,129 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 15,344 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 77,255 |
| Regular shares | 22,638,927 |
| All Other Shares & Deposits | 2,970,458 |
| TOTAL SHARES & DEPOSITS | 25,686,640 |
| TOTAL LIABILITIES | 25,701,984 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,909,145 |
| TOTAL EQUITY | 3,909,145 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 29,611,129 |
| INCOME & EXPENSE | |
| Loan Income | 312,373 |
| Investment Income | 110,700 |
| Other Income | 37,124 |
| Total Employee Compensation & Benefits | 194,351 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 169,738 |
| Non-operating Income & (Expense) | 23,867 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 14,140 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 105,835 |
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