Jun, 30, 2024 — PINNACLE CREDIT UNION is a federally insured state chartered credit union headquartered in ATLANTA, GA with 2 branch locations and about $93.20 million in total assets. Opened 98 years ago in 1926, PINNACLE CREDIT UNION has about 6,858 members and employs 24 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PINNACLE CREDIT UNION |
|---|---|
| Address: (Main Office) | 536 North Ave NE ATLANTA, GA 30308-2713 |
| Phone: | (404) 888-1648 |
| Fax: | (404) 888-1622 |
| Website: | https://www.pinnaclecu.org |
| Branches: | 2 branch locations |
| Members: | 6,858 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67632 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1926 |
| Last Audited: | May 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $93,203,583 |
| CEO/Manager: | Matt Selke |
| Chairperson: | Dennis White |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,821,375 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 24,383,049 |
| Unsecured Loans | 3,648,453 |
| Other Loans | 30,319,485 |
| TOTAL LOANS | 58,710,262 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -235,250 |
| Land And Building | 1,996,952 |
| Other Fixed Assets | 955,525 |
| NCUSIF Deposit | 781,939 |
| All Other Assets | 0 |
| TOTAL ASSETS | 93,203,583 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 9,751 |
| Notes & Interest Payable | 4,000,000 |
| Accounts Payable & Other Liabilities | 90,589 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 21,384,050 |
| Regular shares | 37,148,746 |
| All Other Shares & Deposits | 25,709,404 |
| TOTAL SHARES & DEPOSITS | 84,242,200 |
| TOTAL LIABILITIES | 88,342,540 |
| Regular Reserve | 0 |
| Other Reserves | -525,311 |
| Undivided Earnings | 5,386,354 |
| TOTAL EQUITY | 4,861,043 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 93,203,583 |
| INCOME & EXPENSE | |
| Loan Income | 1,750,487 |
| Investment Income | 282,806 |
| Other Income | 551,924 |
| Total Employee Compensation & Benefits | 1,419,176 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,231,447 |
| Non-operating Income & (Expense) | 1,872,901 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 60,478 |
| Cost of Funds | 67,789 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,905,468 |
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