Sep, 30, 2025 — E L C O FEDERAL CREDIT UNION is a federal credit union headquartered in ELBERTON, GA with 1 branch location and about $5.12 million in total assets. Opened 51 years ago in 1975, E L C O FEDERAL CREDIT UNION has about 673 members 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) | 50 Laurel Dr Bldg B ELBERTON, GA 30635 |
| Phone: | (706) 213-4186 |
| Fax: | (706) 283-6601 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 673 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22083 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1975 |
| Last Audited: | Jun 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,121,829 |
| CEO/Manager: | Joanne Stowers |
| Chairperson: | Kelly Gary |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 721,117 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 591,776 |
| Other Loans | 2,941,717 |
| TOTAL LOANS | 3,533,493 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -69,417 |
| Land And Building | 0 |
| Other Fixed Assets | 2,715 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 36,750 |
| All Other Assets | 10,996 |
| TOTAL ASSETS | 5,121,829 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 12,275 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 66,367 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 3,610,703 |
| All Other Shares & Deposits | 426,153 |
| TOTAL SHARES & DEPOSITS | 4,036,856 |
| TOTAL LIABILITIES | 4,115,498 |
| Regular Reserve | 0 |
| Other Reserves | 59,299 |
| Undivided Earnings | 947,032 |
| TOTAL EQUITY | 1,006,331 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,121,829 |
| INCOME & EXPENSE | |
| Loan Income | 159,386 |
| Investment Income | 36,652 |
| Other Income | 14,242 |
| Total Employee Compensation & Benefits | 63,788 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 44,838 |
| Non-operating Income & (Expense) | 180 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 20,624 |
| Cost of Funds | 24,001 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 57,209 |
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