Credit Unions Near Me
National Credit Union Service Organization

POWERCO FEDERAL CREDIT UNION

Sep, 30, 2022 — POWERCO FEDERAL CREDIT UNION is a federal credit union headquartered in ATLANTA, GA with 8 branch locations and about $200.65 million in total assets. Opened 88 years ago in 1935, POWERCO FEDERAL CREDIT UNION has about 16,188 members and employs 32 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 30308-3374
Phone:(404) 506-3750
Fax:(404) 506-3787
Website:https://www.powerco.org
Branches:8 branch locations
Members:16,188
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$200,649,631
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 36,779,083
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 54,562,327
 Unsecured Loans 4,638,139
 Other Loans 27,379,345
 TOTAL LOANS 86,579,811
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -206,439
 Land And Building 413,552
 Other Fixed Assets 73,351
 NCUSIF Deposit 1,501,729
 All Other Assets 0
  TOTAL ASSETS 200,649,631
LIABILITIES & CAPITAL:  
 Dividends Payable 27
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 928,717
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 37,689,644
 Regular shares 83,244,291
 All Other Shares & Deposits 59,291,933
  TOTAL SHARES & DEPOSITS 180,225,868
  TOTAL LIABILITIES 181,154,612
 Regular Reserve 0
 Other Reserves -4,815,637
 Undivided Earnings 24,310,656
  TOTAL EQUITY 19,495,019
  TOTAL LIABILITIES, SHARES, & EQUITY 200,649,631
INCOME & EXPENSE  
 Loan Income 2,394,478
 Investment Income 889,650
 Other Income 239,262
 Total Employee Compensation & Benefits 2,169,983
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,463,666
 Non-operating Income & (Expense) -4,650
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 270,082
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 664,746
↑ 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 NE
ATLANTA, GA 30303-2603
FORT MCPHERSON CREDIT UNION
1732 WALKER AVE SW
ATLANTA, GA 30310
NORTHSIDE FEDERAL CREDIT UNION
980 Johnson Ferry Rd
ATLANTA, GA 30342
PINNACLE CREDIT UNION
536 North Ave NE
ATLANTA, GA 30308-2713
B.O.N.D. COMMUNITY FEDERAL CREDIT UNION
433 Moreland Ave NE
ATLANTA, GA 30307-1562
MUTUAL SAVINGS CREDIT UNION
10 Peachtree Pl NE
ATLANTA, GA 30309
CREDIT UNION OF ATLANTA
670 Metropolitan Pkwy SW
ATLANTA, GA 30310
COCA-COLA FEDERAL CREDIT UNION
1 Coca Cola Plz NW
ATLANTA, GA 30313-2420
EMORY ALLIANCE CREDIT UNION
1237 Clairmont Rd
DECATUR, GA 30030