Jun, 30, 2021 — CREDIT UNION OF ATLANTA is a federally insured state chartered credit union headquartered in Atlanta, GA with 2 branch locations and about $84.02 million in total assets. Opened 93 years ago in 1928, CREDIT UNION OF ATLANTA has about 15,515 members and employs 36 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 Parkway SW Atlanta, GA 30310 |
| Phone: | (404) 658-6465 |
| Fax: | (404) 658-7906 |
| Website: | http://www.cuatlanta.org |
| Branches: | 2 branch locations |
| Members: | 15,515 |
| 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, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $84,018,520 |
| CEO/Manager: | Allen M Upchurch, Jr. |
| Chairperson: | Reginald Grant |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 27,865,772 |
| TOTAL INVESTMENTS | 14,431,140 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,244,442 |
| Unsecured Loans | 7,695,378 |
| Other Loans | 26,323,046 |
| TOTAL LOANS | 39,262,866 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -552,848 |
| Land And Building | 1,137,713 |
| Other Fixed Assets | 336,622 |
| NCUSIF Deposit | 682,881 |
| All Other Assets | 854,374 |
| TOTAL ASSETS | 84,018,520 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 844,754 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 18,121,147 |
| Regular shares | 44,223,087 |
| All Other Shares & Deposits | 12,746,591 |
| TOTAL SHARES & DEPOSITS | 75,090,825 |
| TOTAL LIABILITIES | 75,935,580 |
| Regular Reserve | 1,516,470 |
| Other Reserves | 313,907 |
| Undivided Earnings | 6,252,563 |
| TOTAL EQUITY | 8,082,940 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 84,018,520 |
| INCOME & EXPENSE | |
| Loan Income | 994,448 |
| Investment Income | 100,519 |
| Other Income | 1,330,970 |
| Total Employee Compensation & Benefits | 1,018,565 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,340,813 |
| Non-operating Income & (Expense) | 3,499 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 71,959 |
| Cost of Funds | 33,847 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 143,110 |
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