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CRMC EMPLOYEES CREDIT UNION

Mar, 31, 2022 — CRMC EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in DOUGLAS, GA with 2 branch locations and about $3.24 million in total assets. Opened 50 years ago in 1972, CRMC EMPLOYEES CREDIT UNION has about 1,285 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:CRMC EMPLOYEES CREDIT UNION
Address:
(Main Office)
196 Westside Dr
DOUGLAS, GA 31533
Phone:(912) 383-5640
Fax:(912) 383-6917
Website:n/a
Branches:2 branch locations
Members:1,285
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:61262
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1972
Last Audited:Dec 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$3,235,276
CEO/Manager:MATTIE L BIVENS
Chairperson:SHERRY T THOMAS

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 889,696
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 229,860
 Other Loans 922,395
 TOTAL LOANS 1,152,255
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -39,716
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 23,377
 All Other Assets 0
  TOTAL ASSETS 3,235,276
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 38,595
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 2,646,586
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 2,646,586
  TOTAL LIABILITIES 2,685,181
 Regular Reserve 0
 Other Reserves 55,272
 Undivided Earnings 494,823
  TOTAL EQUITY 550,095
  TOTAL LIABILITIES, SHARES, & EQUITY 3,235,276
INCOME & EXPENSE  
 Loan Income 20,280
 Investment Income 1,594
 Other Income 1,465
 Total Employee Compensation & Benefits 13,175
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 8,630
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 600
 Cost of Funds 1,379
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -445
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