Dec, 31, 2023 — COMMUNITY SOUTH CREDIT UNION is a federally insured state chartered credit union headquartered in CHIPLEY, FL with 4 branch locations and about $228.70 million in total assets. Opened 33 years ago in 1991, COMMUNITY SOUTH CREDIT UNION has about 14,330 members and employs 51 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | COMMUNITY SOUTH CREDIT UNION |
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Address: (Main Office) | 1044 Highway 90 CHIPLEY, FL 32428 |
Phone: | (850) 638-8376 |
Fax: | (850) 638-4055 |
Website: | https://www.communitysouth.net |
Branches: | 4 branch locations |
Members: | 14,330 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67434 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1991 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $228,698,998 |
CEO/Manager: | Jan L Page |
Chairperson: | Ira J Carter |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,028,319 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 100,138,440 |
Unsecured Loans | 22,767,554 |
Other Loans | 65,762,786 |
TOTAL LOANS | 188,753,382 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,891,705 |
Land And Building | 11,748,488 |
Other Fixed Assets | 1,330,355 |
NCUSIF Deposit | 1,829,256 |
All Other Assets | 0 |
TOTAL ASSETS | 228,698,998 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 2,111 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,247,704 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 33,747,211 |
Regular shares | 77,033,029 |
All Other Shares & Deposits | 89,844,287 |
TOTAL SHARES & DEPOSITS | 200,624,528 |
TOTAL LIABILITIES | 201,874,343 |
Regular Reserve | 0 |
Other Reserves | 3,150,944 |
Undivided Earnings | 23,673,711 |
TOTAL EQUITY | 26,824,655 |
TOTAL LIABILITIES, SHARES, & EQUITY | 228,698,998 |
INCOME & EXPENSE | |
Loan Income | 9,047,835 |
Investment Income | 223,998 |
Other Income | 4,644,524 |
Total Employee Compensation & Benefits | 3,989,584 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,648,596 |
Non-operating Income & (Expense) | -95,616 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 734,367 |
Cost of Funds | 2,637,634 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,810,560 |
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