Dec, 31, 2023 — ARTESIAN CITY FEDERAL CREDIT UNION is a federal credit union headquartered in LEESBURG, GA with 2 branch locations and about $32.20 million in total assets. Opened 74 years ago in 1950, ARTESIAN CITY FEDERAL CREDIT UNION has about 3,240 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ARTESIAN CITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1221 US Highway 82 W LEESBURG, GA 31763 |
| Phone: | (229) 436-0869 |
| Fax: | |
| Website: | https://www.artesianfcu.org |
| Branches: | 2 branch locations |
| Members: | 3,240 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6859 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $32,195,575 |
| CEO/Manager: | Matthew B Lawson |
| Chairperson: | Daniel Whigham |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,797,623 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,159,228 |
| Unsecured Loans | 1,363,378 |
| Other Loans | 21,570,567 |
| TOTAL LOANS | 25,093,173 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -169,905 |
| Land And Building | 495,864 |
| Other Fixed Assets | 118,892 |
| NCUSIF Deposit | 245,106 |
| All Other Assets | 171,342 |
| TOTAL ASSETS | 32,195,575 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 180,505 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,925,279 |
| Regular shares | 9,987,181 |
| All Other Shares & Deposits | 14,182,925 |
| TOTAL SHARES & DEPOSITS | 28,095,384 |
| TOTAL LIABILITIES | 28,275,889 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,919,686 |
| TOTAL EQUITY | 3,919,686 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 32,195,575 |
| INCOME & EXPENSE | |
| Loan Income | 1,481,720 |
| Investment Income | 102,912 |
| Other Income | 279,382 |
| Total Employee Compensation & Benefits | 597,787 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 680,599 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 93,600 |
| Cost of Funds | 517,168 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -1,215 |
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