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NORTH GEORGIA CREDIT UNION

Mar, 31, 2021 — NORTH GEORGIA CREDIT UNION is a federally insured state chartered credit union headquartered in Toccoa, GA with 3 branch locations and about $81.16 million in total assets. Opened 30 years ago in 1991, NORTH GEORGIA CREDIT UNION has about 10,871 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:NORTH GEORGIA CREDIT UNION
Address:
(Main Office)
P.O. Box 280
Toccoa, GA 30577
Phone:(706) 886-1441
Fax:(706) 886-3757
Website:http://www.ngcu.org
Branches:3 branch locations
Members:10,871
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:Mar 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$81,161,806
CEO/Manager:Brian K Akin
Chairperson:Deborah Gibby

Call Report

  • Overdraft Lines of Credit
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 24,319,151
TOTAL INVESTMENTS 3,059,199
Loans Held for Sale 0
 
 Real Estate Loans 30,456,905
 Unsecured Loans 4,437,514
 Other Loans 13,921,140
 TOTAL LOANS 48,815,559
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -412,753
 Land And Building 2,573,744
 Other Fixed Assets 171,403
 NCUSIF Deposit 625,069
 All Other Assets 2,010,434
  TOTAL ASSETS 81,161,806
LIABILITIES & CAPITAL:  
 Dividends Payable 166,335
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 282,375
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 16,499,707
 Regular shares 35,699,547
 All Other Shares & Deposits 20,640,529
  TOTAL SHARES & DEPOSITS 72,839,783
  TOTAL LIABILITIES 73,288,493
 Regular Reserve 1,224,965
 Other Reserves 85,728
 Undivided Earnings 6,562,620
  TOTAL EQUITY 7,873,313
  TOTAL LIABILITIES, SHARES, & EQUITY 81,161,806
INCOME & EXPENSE  
 Loan Income 805,519
 Investment Income 8,558
 Other Income 124,810
 Total Employee Compensation & Benefits 523,047
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 390,628
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 65,000
 Cost of Funds 53,328
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 104,260
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