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SOUTHERN PINE CREDIT UNION

Mar, 31, 2022 — SOUTHERN PINE CREDIT UNION is a federally insured state chartered credit union headquartered in VALDOSTA, GA with 1 branch location and about $42.24 million in total assets. Opened 31 years ago in 1991, SOUTHERN PINE CREDIT UNION has about 1,436 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:SOUTHERN PINE CREDIT UNION
Address:
(Main Office)
5495 Clyattville Lake Park Rd
VALDOSTA, GA 31601-0871
Phone:(229) 559-3311
Fax:(229) 588-8627
Website:http://www.southernpinecu.org
Branches:1 branch locations
Members:1,436
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:67403
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1991
Last Audited:Mar 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$42,242,313
CEO/Manager:Samuel H Dawson
Chairperson:William R Youngblood

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 9,166,187
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 15,750,619
 Unsecured Loans 1,076,045
 Other Loans 6,240,496
 TOTAL LOANS 23,067,160
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -152,121
 Land And Building 0
 Other Fixed Assets 8,485
 NCUSIF Deposit 388,508
 All Other Assets 0
  TOTAL ASSETS 42,242,313
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 327,225
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,134,620
 Regular shares 28,374,935
 All Other Shares & Deposits 8,074,633
  TOTAL SHARES & DEPOSITS 38,584,188
  TOTAL LIABILITIES 38,911,413
 Regular Reserve 0
 Other Reserves 833,432
 Undivided Earnings 2,497,468
  TOTAL EQUITY 3,330,900
  TOTAL LIABILITIES, SHARES, & EQUITY 42,242,313
INCOME & EXPENSE  
 Loan Income 265,086
 Investment Income 21,080
 Other Income 3,388
 Total Employee Compensation & Benefits 111,668
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 93,098
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -32,461
 Cost of Funds 23,682
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 117,966
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