Sep, 30, 2022 — CREDIT UNION OF ATLANTA is a federally insured state chartered credit union headquartered in ATLANTA, GA with 2 branch locations and about $84.74 million in total assets. Opened 95 years ago in 1928, CREDIT UNION OF ATLANTA has about 14,854 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.
| Name: | CREDIT UNION OF ATLANTA |
|---|---|
| Address: (Main Office) | 670 Metropolitan Pkwy SW ATLANTA, GA 30310 |
| Phone: | (404) 658-6465 |
| Fax: | (404) 658-7906 |
| Website: | https://www.cuatlanta.org |
| Branches: | 2 branch locations |
| Members: | 14,854 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67383 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1928 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $84,743,991 |
| CEO/Manager: | Allen M Upchurch, Jr. |
| Chairperson: | Reginald Grant |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 18,962,151 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,914,547 |
| Unsecured Loans | 5,802,912 |
| Other Loans | 26,539,657 |
| TOTAL LOANS | 40,257,116 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -419,599 |
| Land And Building | 1,139,336 |
| Other Fixed Assets | 311,788 |
| NCUSIF Deposit | 732,265 |
| All Other Assets | 44,453 |
| TOTAL ASSETS | 84,743,991 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 922,296 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 17,391,619 |
| Regular shares | 46,714,916 |
| All Other Shares & Deposits | 12,638,391 |
| TOTAL SHARES & DEPOSITS | 76,744,926 |
| TOTAL LIABILITIES | 77,667,222 |
| Regular Reserve | 0 |
| Other Reserves | -2,679,727 |
| Undivided Earnings | 9,756,496 |
| TOTAL EQUITY | 7,076,769 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 84,743,991 |
| INCOME & EXPENSE | |
| Loan Income | 1,398,388 |
| Investment Income | 387,561 |
| Other Income | 1,732,230 |
| Total Employee Compensation & Benefits | 1,478,691 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,946,928 |
| Non-operating Income & (Expense) | -518 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 181,518 |
| Cost of Funds | 50,438 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 217,979 |
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