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CREDIT UNION OF GEORGIA

Mar, 31, 2022 — CREDIT UNION OF GEORGIA is a federally insured state chartered credit union headquartered in WOODSTOCK, GA with 8 branch locations and about $599.34 million in total assets. Opened 62 years ago in 1960, CREDIT UNION OF GEORGIA has about 35,822 members and employs 88 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 261171493
Name:CREDIT UNION OF GEORGIA
Address:
(Main Office)
3048 Eagle Dr
WOODSTOCK, GA 30189-5531
Phone:(678) 322-2000
Fax:(678) 486-1191
Website:http://www.cuofga.org
Branches:8 branch locations
Members:35,822
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:68571
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1960
Last Audited:Dec 01, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$599,338,532
CEO/Manager:Brian C Albrecht
Chairperson:Jill Mutimer

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 42,036,535
TOTAL INVESTMENTS 0
Loans Held for Sale 744,031
 
 Real Estate Loans 194,733,466
 Unsecured Loans 10,818,384
 Other Loans 141,720,477
 TOTAL LOANS 347,272,327
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,120,850
 Land And Building 12,898,663
 Other Fixed Assets 4,608,583
 NCUSIF Deposit 4,636,807
 All Other Assets 0
  TOTAL ASSETS 599,338,532
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 7,373,270
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 138,060,480
 Regular shares 219,666,245
 All Other Shares & Deposits 194,095,458
  TOTAL SHARES & DEPOSITS 551,822,183
  TOTAL LIABILITIES 559,195,453
 Regular Reserve 0
 Other Reserves -4,591,802
 Undivided Earnings 44,734,881
  TOTAL EQUITY 40,143,079
  TOTAL LIABILITIES, SHARES, & EQUITY 599,338,532
INCOME & EXPENSE  
 Loan Income 3,132,414
 Investment Income 399,295
 Other Income 657,479
 Total Employee Compensation & Benefits 2,140,359
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,937,804
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 41,165
 Cost of Funds 205,097
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 847,681
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