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CREDIT UNION OF ATLANTA

Dec, 31, 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

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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