Dec, 31, 2023 — CORE CREDIT UNION is a federally insured state chartered credit union headquartered in STATESBORO, GA with 4 branch locations and about $140.83 million in total assets. Opened 33 years ago in 1991, CORE CREDIT UNION has about 15,414 members and employs 47 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CORE CREDIT UNION |
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Address: (Main Office) | 43 N Main St STATESBORO, GA 30458 |
Phone: | (912) 764-9846 |
Fax: | (912) 764-5386 |
Website: | https://www.corecu.org |
Branches: | 4 branch locations |
Members: | 15,414 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67371 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1991 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $140,832,012 |
CEO/Manager: | Robert Clampett |
Chairperson: | Joseph Ruhland |
ASSETS: | $ Amount |
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Cash & Equivalents | 9,697,408 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 24,589,581 |
Unsecured Loans | 7,494,554 |
Other Loans | 59,776,964 |
TOTAL LOANS | 91,861,097 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -473,676 |
Land And Building | 5,346,143 |
Other Fixed Assets | 1,055,155 |
NCUSIF Deposit | 1,245,314 |
All Other Assets | 154,998 |
TOTAL ASSETS | 140,832,012 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,291,910 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 39,550,229 |
Regular shares | 57,615,556 |
All Other Shares & Deposits | 24,476,428 |
TOTAL SHARES & DEPOSITS | 121,642,213 |
TOTAL LIABILITIES | 123,934,123 |
Regular Reserve | 0 |
Other Reserves | 8,099,884 |
Undivided Earnings | 8,798,005 |
TOTAL EQUITY | 16,897,889 |
TOTAL LIABILITIES, SHARES, & EQUITY | 140,832,012 |
INCOME & EXPENSE | |
Loan Income | 5,065,921 |
Investment Income | 914,027 |
Other Income | 2,331,588 |
Total Employee Compensation & Benefits | 3,767,044 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,536,358 |
Non-operating Income & (Expense) | 242,696 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 83,058 |
Cost of Funds | 521,174 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,044,098 |
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