FORT MCPHERSON CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.fmcu-ga.com for more information.
Jun, 30, 2024 — FORT MCPHERSON CREDIT UNION is a federally insured state chartered credit union headquartered in ATLANTA, GA with 1 branch location and about $27.30 million in total assets. Opened 33 years ago in 1991, FORT MCPHERSON CREDIT UNION has about 3,735 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: | FORT MCPHERSON CREDIT UNION |
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Address: (Main Office) | 1732 WALKER AVE SW ATLANTA, GA 30310 |
Phone: | (404) 753-4592 |
Fax: | (404) 753-6919 |
Website: | https://www.fmcu-ga.com |
Branches: | 1 branch locations |
Members: | 3,735 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67706 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1991 |
Last Audited: | Dec 01, 2019 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $27,298,512 |
CEO/Manager: | AMY OSBORNE |
Chairperson: | NORMAN W LABRECQUE |
ASSETS: | $ Amount |
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Cash & Equivalents | 16,140,675 |
TOTAL INVESTMENTS | 5 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,498,901 |
Unsecured Loans | 1,381,634 |
Other Loans | 6,535,352 |
TOTAL LOANS | 10,415,887 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -46,878 |
Land And Building | 260,293 |
Other Fixed Assets | 235,500 |
NCUSIF Deposit | 239,377 |
All Other Assets | 53,653 |
TOTAL ASSETS | 27,298,512 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 90,356 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 7,007,717 |
Regular shares | 20,038,585 |
All Other Shares & Deposits | 161,854 |
TOTAL SHARES & DEPOSITS | 27,208,156 |
TOTAL LIABILITIES | 27,298,512 |
Regular Reserve | 1,120,558 |
Other Reserves | 0 |
Undivided Earnings | -1,120,558 |
TOTAL EQUITY | 0 |
TOTAL LIABILITIES, SHARES, & EQUITY | 27,298,512 |
INCOME & EXPENSE | |
Loan Income | 494,273 |
Investment Income | 85,151 |
Other Income | 167,226 |
Total Employee Compensation & Benefits | 1,284,319 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,197,318 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -53,072 |
Cost of Funds | 1,632 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -1,683,547 |
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