Dec, 31, 2023 — PINNACLE CREDIT UNION is a federally insured state chartered credit union headquartered in ATLANTA, GA with 2 branch locations and about $86.69 million in total assets. Opened 98 years ago in 1926, PINNACLE CREDIT UNION has about 6,805 members and employs 23 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 |
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Address: (Main Office) | 1342 Glenwood Ave SE ATLANTA, GA 30316 |
Phone: | (404) 888-1648 |
Fax: | (404) 888-1622 |
Website: | https://www.pinnaclecu.org |
Branches: | 2 branch locations |
Members: | 6,805 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67632 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1926 |
Last Audited: | May 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $86,694,223 |
CEO/Manager: | Matt Selke |
Chairperson: | Dennis White |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,173,075 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 25,196,685 |
Unsecured Loans | 3,707,758 |
Other Loans | 27,732,316 |
TOTAL LOANS | 56,935,044 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -310,709 |
Land And Building | 1,969,376 |
Other Fixed Assets | 2,476,158 |
NCUSIF Deposit | 798,891 |
All Other Assets | 0 |
TOTAL ASSETS | 86,694,223 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 75,214 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 603,311 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 21,511,501 |
Regular shares | 32,848,148 |
All Other Shares & Deposits | 26,669,852 |
TOTAL SHARES & DEPOSITS | 81,029,501 |
TOTAL LIABILITIES | 81,708,026 |
Regular Reserve | 0 |
Other Reserves | 339,787 |
Undivided Earnings | 4,646,410 |
TOTAL EQUITY | 4,986,197 |
TOTAL LIABILITIES, SHARES, & EQUITY | 86,694,223 |
INCOME & EXPENSE | |
Loan Income | 2,755,869 |
Investment Income | 464,463 |
Other Income | 663,927 |
Total Employee Compensation & Benefits | 2,098,323 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,526,287 |
Non-operating Income & (Expense) | 9,354 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 146,727 |
Cost of Funds | 391,968 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 28,726 |
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