Mar, 31, 2022 — ASSOCIATED CREDIT UNION is a federally insured state chartered credit union headquartered in NORCROSS, GA with 20 branch locations and about $2.15 billion in total assets. Opened 92 years ago in 1930, ASSOCIATED CREDIT UNION has about 154,377 members and employs 334 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ASSOCIATED CREDIT UNION |
|---|---|
| Address: (Main Office) | 6251 Crooked Creek Rd NORCROSS, GA 30092-3107 |
| Phone: | (770) 448-8200 |
| Fax: | (770) 368-2120 |
| Website: | http://www.acuonline.org |
| Branches: | 20 branch locations |
| Members: | 154,377 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60484 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1930 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,146,662,958 |
| CEO/Manager: | Lin Hodges |
| Chairperson: | Timothy F Kercheval |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 623,791,862 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 3,730,400 |
| Real Estate Loans | 349,859,653 |
| Unsecured Loans | 65,207,262 |
| Other Loans | 755,858,631 |
| TOTAL LOANS | 1,170,925,546 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,557,749 |
| Land And Building | 14,527,846 |
| Other Fixed Assets | 3,702,007 |
| NCUSIF Deposit | 16,841,962 |
| All Other Assets | 433,994 |
| TOTAL ASSETS | 2,146,662,958 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 26,331 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 25,659,406 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 384,604,945 |
| Regular shares | 680,343,087 |
| All Other Shares & Deposits | 832,967,873 |
| TOTAL SHARES & DEPOSITS | 1,897,915,905 |
| TOTAL LIABILITIES | 1,923,601,642 |
| Regular Reserve | 0 |
| Other Reserves | 19,135,673 |
| Undivided Earnings | 203,925,643 |
| TOTAL EQUITY | 223,061,316 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,146,662,958 |
| INCOME & EXPENSE | |
| Loan Income | 10,385,983 |
| Investment Income | 1,045,174 |
| Other Income | 3,978,853 |
| Total Employee Compensation & Benefits | 8,047,172 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,475,618 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 1,120,671 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,393,526 |
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