Dec, 31, 2022 — SOUTHERN PINE CREDIT UNION is a federally insured state chartered credit union headquartered in VALDOSTA, GA with 1 branch location and about $41.52 million in total assets. Opened 32 years ago in 1991, SOUTHERN PINE CREDIT UNION has about 1,402 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: | https://www.southernpinecu.org |
| Branches: | 1 branch locations |
| Members: | 1,402 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $41,522,834 |
| CEO/Manager: | Samuel H Dawson |
| Chairperson: | William R Youngblood |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,146,825 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 14,671,928 |
| Unsecured Loans | 1,010,268 |
| Other Loans | 6,927,630 |
| TOTAL LOANS | 22,609,826 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -160,978 |
| Land And Building | 0 |
| Other Fixed Assets | 8,612 |
| NCUSIF Deposit | 383,817 |
| All Other Assets | 0 |
| TOTAL ASSETS | 41,522,834 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 279,110 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,051,402 |
| Regular shares | 28,189,939 |
| All Other Shares & Deposits | 7,562,367 |
| TOTAL SHARES & DEPOSITS | 37,803,708 |
| TOTAL LIABILITIES | 38,082,818 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,440,016 |
| TOTAL EQUITY | 3,440,016 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 41,522,834 |
| INCOME & EXPENSE | |
| Loan Income | 776,324 |
| Investment Income | 114,870 |
| Other Income | 12,668 |
| Total Employee Compensation & Benefits | 356,567 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 355,431 |
| 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 | 70,900 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 227,083 |
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