Dec, 31, 2023 — B.O.N.D. COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in ATLANTA, GA with 2 branch locations and about $46.42 million in total assets. Opened 52 years ago in 1972, B.O.N.D. COMMUNITY FEDERAL CREDIT UNION has about 3,383 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | B.O.N.D. COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 433 Moreland Ave NE ATLANTA, GA 30307-1562 |
| Phone: | (404) 525-0619 |
| Fax: | (404) 577-8529 |
| Website: | https://www.bondcu.com |
| Branches: | 2 branch locations |
| Members: | 3,383 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 20974 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1972 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $46,419,243 |
| CEO/Manager: | Craig McDonald |
| Chairperson: | William Carmichael |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,797,160 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 19,582,612 |
| Unsecured Loans | 1,700,260 |
| Other Loans | 17,744,648 |
| TOTAL LOANS | 39,027,520 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -290,554 |
| Land And Building | 0 |
| Other Fixed Assets | 31,708 |
| NCUSIF Deposit | 447,676 |
| All Other Assets | 0 |
| TOTAL ASSETS | 46,419,243 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -22,815 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 19,151,936 |
| Regular shares | 20,480,016 |
| All Other Shares & Deposits | 1,864,117 |
| TOTAL SHARES & DEPOSITS | 41,496,068 |
| TOTAL LIABILITIES | 41,473,255 |
| Regular Reserve | 0 |
| Other Reserves | 1,542,965 |
| Undivided Earnings | 3,403,023 |
| TOTAL EQUITY | 4,945,988 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 46,419,243 |
| INCOME & EXPENSE | |
| Loan Income | 2,024,521 |
| Investment Income | 281,807 |
| Other Income | 475,704 |
| Total Employee Compensation & Benefits | 903,081 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,064,584 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 255,000 |
| Cost of Funds | 77,024 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 591,074 |
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