Dec, 31, 2023 — COOSA PINES FEDERAL CREDIT UNION is a federal credit union headquartered in CHILDERSBURG, AL with 5 branch locations and about $359.86 million in total assets. Opened 74 years ago in 1950, COOSA PINES FEDERAL CREDIT UNION has about 25,367 members and employs 60 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COOSA PINES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 33710 US Highway 280 CHILDERSBURG, AL 35044-3016 |
| Phone: | (256) 378-5559 |
| Fax: | (256) 378-3881 |
| Website: | https://www.coosapinesfcu.org |
| Branches: | 5 branch locations |
| Members: | 25,367 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6774 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $359,860,569 |
| CEO/Manager: | Don Carden |
| Chairperson: | Claude G Welch |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 32,215,789 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 77,429,019 |
| Unsecured Loans | 13,642,180 |
| Other Loans | 124,719,482 |
| TOTAL LOANS | 218,951,100 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,311,535 |
| Land And Building | 4,214,730 |
| Other Fixed Assets | 810,143 |
| NCUSIF Deposit | 2,927,136 |
| All Other Assets | 149,320 |
| TOTAL ASSETS | 359,860,569 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 129,847 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,245,435 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 53,041,151 |
| Regular shares | 113,878,725 |
| All Other Shares & Deposits | 147,473,834 |
| TOTAL SHARES & DEPOSITS | 314,393,710 |
| TOTAL LIABILITIES | 315,768,992 |
| Regular Reserve | 0 |
| Other Reserves | -9,151,055 |
| Undivided Earnings | 53,242,632 |
| TOTAL EQUITY | 44,091,577 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 359,860,569 |
| INCOME & EXPENSE | |
| Loan Income | 11,526,732 |
| Investment Income | 4,300,477 |
| Other Income | 4,057,453 |
| Total Employee Compensation & Benefits | 3,965,079 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,045,400 |
| Non-operating Income & (Expense) | -127,831 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,044,846 |
| Cost of Funds | 3,772,172 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,267,530 |
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