Jun, 30, 2024 — ON THE GRID FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in ATLANTA, GA with 1 branch location and about $47.52 million in total assets. Opened 90 years ago in 1935, ON THE GRID FINANCIAL FEDERAL CREDIT UNION has about 4,527 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ON THE GRID FINANCIAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 5901 Peachtree Dunwoody Rd Ste A275 ATLANTA, GA 30328-7173 |
| Phone: | (770) 396-9005 |
| Fax: | (770) 396-0777 |
| Website: | https://www.cuonthegrid.com |
| Branches: | 1 branch locations |
| Members: | 4,527 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 383 |
|---|---|
| Membership Type: | Service - Communications and Utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $47,522,241 |
| CEO/Manager: | Tracy Moyer |
| Chairperson: | Joseph B Thomas Jr |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,357,291 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,637,329 |
| Unsecured Loans | 2,535,617 |
| Other Loans | 11,794,704 |
| TOTAL LOANS | 17,038,644 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -16,838 |
| Land And Building | 0 |
| Other Fixed Assets | 51,902 |
| NCUSIF Deposit | 414,785 |
| All Other Assets | 0 |
| TOTAL ASSETS | 47,522,241 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 16,450 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 383,087 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,645,001 |
| Regular shares | 18,411,741 |
| All Other Shares & Deposits | 12,489,999 |
| TOTAL SHARES & DEPOSITS | 41,546,741 |
| TOTAL LIABILITIES | 41,946,278 |
| Regular Reserve | 0 |
| Other Reserves | 1,403,658 |
| Undivided Earnings | 4,172,305 |
| TOTAL EQUITY | 5,575,963 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 47,522,241 |
| INCOME & EXPENSE | |
| Loan Income | 540,572 |
| Investment Income | 143,881 |
| Other Income | 216,802 |
| Total Employee Compensation & Benefits | 390,202 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 623,280 |
| Non-operating Income & (Expense) | 38 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -5,549 |
| Cost of Funds | 69,700 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -49,005 |
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