Credit Unions Near Me
National Credit Union Service Organization

POWERCO FEDERAL CREDIT UNION

Jun, 30, 2021 — POWERCO FEDERAL CREDIT UNION is a federal credit union headquartered in ATLANTA, GA with 8 branch locations and about $198.52 million in total assets. Opened 86 years ago in 1935, POWERCO FEDERAL CREDIT UNION has about 16,568 members and employs 34 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 261071551
Name:POWERCO FEDERAL CREDIT UNION
Address:
(Main Office)
241 RALPH MCGILL BLVD, NE
ATLANTA, GA 30308
Phone:(404) 506-3750
Fax:(404) 506-3787
Website:http://www.powerco.org
Branches:8 branch locations
Members:16,568
Credit Union Type:Federal Credit Union
Charter Number:359
Membership Type:Multiple common bond - Primarily communications and utilities
Corporate Credit Union:No
Year Opened:1935
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$198,522,017
CEO/Manager:Daniel L Blalock
Chairperson:Janet S Katzenberger

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 39,148,586
TOTAL INVESTMENTS 75,385,937
Loans Held for Sale 0
 
 Real Estate Loans 49,442,216
 Unsecured Loans 4,740,303
 Other Loans 27,417,814
 TOTAL LOANS 81,600,333
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -222,041
 Land And Building 422,721
 Other Fixed Assets 113,262
 NCUSIF Deposit 1,419,194
 All Other Assets 654,025
  TOTAL ASSETS 198,522,017
LIABILITIES & CAPITAL:  
 Dividends Payable 190
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 781,621
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 35,155,635
 Regular shares 82,062,330
 All Other Shares & Deposits 56,178,316
  TOTAL SHARES & DEPOSITS 173,396,281
  TOTAL LIABILITIES 174,178,092
 Regular Reserve 3,567,119
 Other Reserves 458,614
 Undivided Earnings 20,318,192
  TOTAL EQUITY 24,343,925
  TOTAL LIABILITIES, SHARES, & EQUITY 198,522,017
INCOME & EXPENSE  
 Loan Income 1,590,647
 Investment Income 456,871
 Other Income 176,391
 Total Employee Compensation & Benefits 1,430,996
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 964,343
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 198,321
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 77,188
↑ Back to Top

Other Credit Unions

BIG BETHEL A.M.E. CHURCH FEDERAL CREDIT UNION
206 Auburn Ave NE
ATLANTA, GA 30303-2602
1ST CHOICE CREDIT UNION
315 AUBURN AVE
ATLANTA, GA 30312
FORT MCPHERSON CREDIT UNION
1732 WALKER AVE SW
ATLANTA, GA 30310
NORTHSIDE FEDERAL CREDIT UNION
980 JOHNSON FERRY RD NE STE 190
ATLANTA, GA 30342
PINNACLE CREDIT UNION
536 NORTH AVE NE
ATLANTA, GA 30308-2713
B.O.N.D. COMMUNITY FEDERAL CREDIT UNION
P. O. Box 5286
ATLANTA, GA 31107
MUTUAL SAVINGS CREDIT UNION
PO Box 4569
ATLANTA, GA 30302
CREDIT UNION OF ATLANTA
670 Metropolitan Parkway SW
ATLANTA, GA 30310
COCA-COLA FEDERAL CREDIT UNION
P. O. BOX 1734
ATLANTA, GA 30301
EMORY ALLIANCE CREDIT UNION
1237 CLAIRMONT RD
DECATUR, GA 30030