Credit Unions Near Me
National Credit Union Service Organization

CREDIT UNION OF GEORGIA
— Statement of Financial Condition

Then NCUA provides quarterly Call Reports using accounting and statistical information from each credit union. The Call Report includes Balance Sheet, Income Statement and more.

Statement of financial condition for CREDIT UNION OF GEORGIA as of: December 31, 2023.
Charter Number: 68571

ASSETS$ Amount
CASH:  
 1. Cash on Hand 5,767,240
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 27,859,785
 3. Cash Equivalents (Investments with Original Maturities of Three Months or Less) 0
INVESTMENTS:  
 4. Equity Securities 0
 5. Trading Debut Securities 0
 6. Available-for-Sale Debt Securities 112,236,195
 7. Held-to-Maturity Debt Securities 0
 8. Deposits in commercial banks, S&Ls, savings banks 0
 9. Loans to and investments in natural person credit unions 0
 10. Nonperpetual Capital Account 0
 11. Perpetual Contributed Capital 0
 12. All other investments in corporate credit unions 0
 13. All other investments 0
 14. TOTAL INVESTMENTS 0
LOANS HELD FOR SALE:  
 15. Loans Held for Sale 591,279
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 430,210,578
 17. Less: Allowance for Loan & Lease Losses 0
 18: Less: Allowance for Credit Losses on Loans & Leases 3,201,951
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 115,790
 20. Land and Building 13,004,823
 21. Other Fixed Assets 5,522,794
 22. NCUA Share Insurance Capitalization Deposit 5,462,822
 23. Intangible Assets 0
 24. Other Assets 0
25. TOTAL ASSETS 633,212,387
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 8,000,000
 2. Other Notes, Promissory Notes and Interest Payable 0
 3. Borrowing Repurchase Transactions 0
 4. Subordinated Debt 0
 5. Subordinated Debt included in Net Worth 0
 6. TOTALS 8,000,000
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 0
 9. Accounts Payable and Other Liabilities 9,270,917
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 151,088
SHARES/DEPOSITS:  
 11. Share Drafts 135,737,122
 12. Regular Shares 209,199,205
 13. Money Market Shares 106,220,773
 14. Share Certificates 100,901,429
 15. IRA/KEOGH Accounts 12,770,236
 16. All Other Shares 442,631
 17. TOTAL SHARES 565,271,396
 18. Nonmember Deposits 0
 19. TOTAL SHARES AND DEPOSITS 565,271,396
20. TOTAL LIABILITIES  
 21. Accounts Held by Member Public Units 0
 22. Accounts Held by Nonmember Public Units 0
 23. Employee Benefit Member Shares 0
 24. Employee Benefit Nonmember Shares 0
 25. 529 Plan Member Deposits 0
 26. Non-dollar denominated deposits 0
 27. Health Savings Account 0
 28. Dollar Amount of Share Certificates equal to or greater than $100,000 (Excluding brokered share certificates participated out by the broker in shares of less than $100,000) 58,263,174
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 3,543,396
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 16,286,333
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 70,555
EQUITY:  
 33. Undivided Earnings 57,370,367
 34. Regular Reserves 0
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 0
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) 0
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -6,851,381
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 633,212,387
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 21,239,169
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 4,889,201
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 26,128,370
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 5,392,691
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 333,246
 9. TOTAL INTEREST EXPENSE 5,725,937
 10. Provision for Loan & Lease Losses 0
 11. Total Credit Loss Expense 855,676
 12. NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES or CREDIT LOSS EXPENSE 0
NON-INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 13. Fee Income 3,255,133
 14. Other Operating Income (Includes unconsolidated CUSO Income and Gain (Loss) associated with the Hedged Item (NonInvestment Assets) in a Non-Trading, Fair Value (FV) Derivatives Hedge) 0
 15. Gain (Loss) on Equity Securities (DO NOT include Gain (Loss) on other securities) 0
 16. Gain (Loss) on Other Securities (DO NOT include Gain or Loss on Equity Securities) 0
 17. Gain (Loss) on Non-Trading Derivatives 0
 18. Gain (Loss) on Disposition of Fixed Assets 53,724
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) 44,765
 21. TOTAL NON-INTEREST INCOME 6,891,951
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 9,109,846
 23. Travel and Conference Expense 224,996
 24. Office Occupancy Expense 1,149,924
 25. Office Operations Expense 2,447,204
 26. Educational and Promotional Expenses 561,835
 27. Loan Servicing Expense 904,071
 28. Professional and Outside Services 3,467,504
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 66,926
 31. Miscellaneous Operating Expenses 631,842
 32. TOTAL NON-INTEREST EXPENSE 18,564,148
33. NET INCOME (LOSS) 7,874,560
RESERVE TRANSFERS YEAR-TO-DATE FOR THE CYCLE  
 34. Transfer to Regular Reserves 0
Interest Rate# LoansAmount
Non-Commercial Loans/Lines of Credit
 1. Unsecured Credit Card Loans15.0373$474,687
 2. Payday Alternative Loans (PALs I and PALs II)0.000$0
 3. Non-Federally Guaranteed Student Loans0.000$0
 4. All Other Unsecured Loans/Lines of Credit - include SBA PPP loans11.241,306$8,032,104
 5. New Vehicle Loans5.2435,061$47,306,365
 6. Used Vehicle Loans5.9468,029$98,616,057
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit6.38528$12,018,748
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property6.50589$122,572,021
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property6.752,540$119,914,661
 11. All Other Real Estate Loans/Lines of Credit0.000$0
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured5.7956$21,275,935
 13. Commercial Loans/Lines of Credit Not Real Estate Secured0.000$0
 14. TOTAL LOANS & LEASES108,182$430,210,578
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date9,339$177,576,424
  a. Payday Alternative Loans (PALs I and PALs II) Granted Year-to-Date0$0
MISCELLANEOUS LOAN INFORMATIONNumberAmount
 16. Non-Federally Guaranteed Student Loans in Deferred Status0$0
 17. Loans Outstanding to Credit Union Officials and Senior Executive Staff7$258,396
GOVERNMENT GUARANTEED LOANSNumberOutstanding BalanceGuaranteed Portion
 18. Non-Commercial Loans  
  a. 1. Small Business Administration3$240,990$240,990
  a. 2. Paycheck Protection Program Loans (Included in 18.a.1.)3$240,990-
  b. Other Government Guaranteed0$0$0
 19. Commercial Loans  
  a. Small Business Administration0$0$0
  b. Other Government Guaranteed0$0$0