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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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