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E L C O FEDERAL CREDIT UNION

Mar, 31, 2021 — E L C O FEDERAL CREDIT UNION is a federal credit union headquartered in Elberton, GA with 1 branch location and about $3.48 million in total assets. Opened 46 years ago in 1975, E L C O FEDERAL CREDIT UNION has about 669 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:E L C O FEDERAL CREDIT UNION
Address:
(Main Office)
PO Box 6129
Elberton, GA 30635
Phone:(706) 213-4186
Fax:(706) 283-6601
Website:n/a
Branches:1 branch locations
Members:669
Credit Union Type:Federal Credit Union
Charter Number:22083
Membership Type:Educational
Corporate Credit Union:No
Year Opened:1975
Last Audited:Jun 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$3,478,488
CEO/Manager:Joanne S Dyal
Chairperson:Kathy Poss

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 573,504
TOTAL INVESTMENTS 486,561
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 437,147
 Other Loans 2,010,185
 TOTAL LOANS 2,447,332
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -66,949
 Land And Building 0
 Other Fixed Assets 2,845
 NCUSIF Deposit 24,459
 All Other Assets 10,736
  TOTAL ASSETS 3,478,488
LIABILITIES & CAPITAL:  
 Dividends Payable 3,841
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 8,396
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 2,289,472
 All Other Shares & Deposits 404,308
  TOTAL SHARES & DEPOSITS 2,693,780
  TOTAL LIABILITIES 2,706,017
 Regular Reserve 59,299
 Other Reserves 0
 Undivided Earnings 713,172
  TOTAL EQUITY 772,471
  TOTAL LIABILITIES, SHARES, & EQUITY 3,478,488
INCOME & EXPENSE  
 Loan Income 37,665
 Investment Income 449
 Other Income 4,120
 Total Employee Compensation & Benefits 17,099
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 16,296
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -1,523
 Cost of Funds 4,124
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 6,275
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