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MUTUAL SAVINGS CREDIT UNION

Dec, 31, 2023 — MUTUAL SAVINGS CREDIT UNION is a federally insured state chartered credit union headquartered in ATLANTA, GA with 1 branch location and about $73.91 million in total assets. Opened 33 years ago in 1991, MUTUAL SAVINGS CREDIT UNION has about 5,549 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:MUTUAL SAVINGS CREDIT UNION
Address:
(Main Office)
10 Peachtree Pl NE
ATLANTA, GA 30309
Phone:(404) 584-4754
Fax:(404) 584-4572
Website:https://mutualsavingscu.org
Branches:1 branch locations
Members:5,549
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:67388
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1991
Last Audited:Dec 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$73,910,407
CEO/Manager:Rusty Moon
Chairperson:James D Anderson

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,615,495
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 27,257,884
 Unsecured Loans 3,266,599
 Other Loans 15,611,353
 TOTAL LOANS 46,135,836
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -244,829
 Land And Building 0
 Other Fixed Assets 25,214
 NCUSIF Deposit 624,464
 All Other Assets 0
  TOTAL ASSETS 73,910,407
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,136,294
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 9,622,684
 Regular shares 23,155,772
 All Other Shares & Deposits 29,460,296
  TOTAL SHARES & DEPOSITS 62,238,751
  TOTAL LIABILITIES 63,375,045
 Regular Reserve 0
 Other Reserves 2,601,777
 Undivided Earnings 7,933,585
  TOTAL EQUITY 10,535,362
  TOTAL LIABILITIES, SHARES, & EQUITY 73,910,407
INCOME & EXPENSE  
 Loan Income 1,956,232
 Investment Income 688,117
 Other Income 129,735
 Total Employee Compensation & Benefits 1,214,546
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 819,674
 Non-operating Income & (Expense) -7,750
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 133,750
 Cost of Funds 661,247
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 173,771
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