Sep, 30, 2025 — PLATINUM FEDERAL CREDIT UNION is a federal credit union headquartered in DULUTH, GA with 5 branch locations and about $350.48 million in total assets. Opened 27 years ago in 1999, PLATINUM FEDERAL CREDIT UNION has about 13,314 members and employs 71 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PLATINUM FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1815 Satellite Blvd Ste 200 DULUTH, GA 30097 |
| Phone: | (404) 297-9797 |
| Fax: | |
| Website: | https://www.platinumfcu.org |
| Branches: | 5 branch locations |
| Members: | 13,314 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24631 |
|---|---|
| Membership Type: | Associational - Religious, other than those designated 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1999 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $350,479,129 |
| CEO/Manager: | KABIR LAIWALLA |
| Chairperson: | AMIN E TEJANI |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 54,396,082 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 111,504,049 |
| Unsecured Loans | 11,590,633 |
| Other Loans | 120,829,989 |
| TOTAL LOANS | 243,924,671 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,356,175 |
| Land And Building | 5,155,450 |
| Other Fixed Assets | 292,874 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,268,063 |
| All Other Assets | 0 |
| TOTAL ASSETS | 350,479,129 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 554,248 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 140,863,070 |
| Regular shares | 49,926,842 |
| All Other Shares & Deposits | 124,817,161 |
| TOTAL SHARES & DEPOSITS | 315,607,073 |
| TOTAL LIABILITIES | 316,161,321 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 34,317,808 |
| TOTAL EQUITY | 34,317,808 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 350,479,129 |
| INCOME & EXPENSE | |
| Loan Income | 10,177,100 |
| Investment Income | 1,575,513 |
| Other Income | 3,206,118 |
| Total Employee Compensation & Benefits | 3,800,410 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,724,380 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 535,725 |
| Cost of Funds | 4,134,332 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,155,534 |
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