Sep, 30, 2025 — NORTH GEORGIA CREDIT UNION is a federally insured state chartered credit union headquartered in TOCCOA, GA with 5 branch locations and about $113.69 million in total assets. Opened 35 years ago in 1991, NORTH GEORGIA CREDIT UNION has about 12,175 members and employs 50 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NORTH GEORGIA CREDIT UNION |
|---|---|
| Address: (Main Office) | 695 Big A Rd TOCCOA, GA 30577-6023 |
| Phone: | (706) 886-1441 |
| Fax: | (706) 886-3757 |
| Website: | https://www.ngcu.org |
| Branches: | 5 branch locations |
| Members: | 12,175 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67395 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1991 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $113,686,392 |
| CEO/Manager: | Brian K Akin |
| Chairperson: | Michael Herron |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,099,940 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 56,297,479 |
| Unsecured Loans | 5,732,080 |
| Other Loans | 25,170,337 |
| TOTAL LOANS | 87,199,896 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -389,099 |
| Land And Building | 8,137,203 |
| Other Fixed Assets | 678,010 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 880,643 |
| All Other Assets | 0 |
| TOTAL ASSETS | 113,686,392 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,081,156 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 597,545 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 16,965,000 |
| Regular shares | 41,818,045 |
| All Other Shares & Deposits | 40,117,312 |
| TOTAL SHARES & DEPOSITS | 98,900,357 |
| TOTAL LIABILITIES | 100,579,058 |
| Regular Reserve | 0 |
| Other Reserves | 410,392 |
| Undivided Earnings | 12,696,942 |
| TOTAL EQUITY | 13,107,334 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 113,686,392 |
| INCOME & EXPENSE | |
| Loan Income | 4,525,029 |
| Investment Income | 325,693 |
| Other Income | 683,325 |
| Total Employee Compensation & Benefits | 2,565,808 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,777,131 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 234,000 |
| Cost of Funds | 952,156 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 763,971 |
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