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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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