Dec, 31, 2023 — NORTH GEORGIA CREDIT UNION is a federally insured state chartered credit union headquartered in TOCCOA, GA with 4 branch locations and about $101.30 million in total assets. Opened 33 years ago in 1991, NORTH GEORGIA CREDIT UNION has about 11,773 members and employs 40 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 |
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Address: (Main Office) | 1067 Mize Rd TOCCOA, GA 30577-5845 |
Phone: | (706) 886-1441 |
Fax: | (706) 886-3757 |
Website: | https://www.ngcu.org |
Branches: | 4 branch locations |
Members: | 11,773 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67395 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1991 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $101,301,940 |
CEO/Manager: | Brian K Akin |
Chairperson: | James L Norris |
ASSETS: | $ Amount |
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Cash & Equivalents | 10,358,190 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 44,531,390 |
Unsecured Loans | 5,313,781 |
Other Loans | 25,992,637 |
TOTAL LOANS | 75,837,808 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -403,022 |
Land And Building | 3,073,447 |
Other Fixed Assets | 217,730 |
NCUSIF Deposit | 812,052 |
All Other Assets | 282,928 |
TOTAL ASSETS | 101,301,940 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 320,039 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 953,209 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 17,856,085 |
Regular shares | 41,766,429 |
All Other Shares & Deposits | 29,353,924 |
TOTAL SHARES & DEPOSITS | 88,976,438 |
TOTAL LIABILITIES | 90,249,686 |
Regular Reserve | 0 |
Other Reserves | 410,392 |
Undivided Earnings | 10,641,862 |
TOTAL EQUITY | 11,052,254 |
TOTAL LIABILITIES, SHARES, & EQUITY | 101,301,940 |
INCOME & EXPENSE | |
Loan Income | 4,678,544 |
Investment Income | 369,854 |
Other Income | 755,758 |
Total Employee Compensation & Benefits | 2,625,841 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,977,547 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 188,227 |
Cost of Funds | 475,496 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,363,028 |
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