Mar, 31, 2022 — GEORGIA UNITED CREDIT UNION is a federally insured state chartered credit union headquartered in DULUTH, GA with 12 branch locations and about $1.94 billion in total assets. Opened 64 years ago in 1958, GEORGIA UNITED CREDIT UNION has about 171,732 members and employs 332 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GEORGIA UNITED CREDIT UNION |
|---|---|
| Address: (Main Office) | 6705 Sugarloaf Pkwy DULUTH, GA 30097-4356 |
| Phone: | (770) 476-6400 |
| Fax: | (770) 476-6433 |
| Website: | http://www.gucu.org |
| Branches: | 12 branch locations |
| Members: | 171,732 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68607 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,941,991,370 |
| CEO/Manager: | Debbie W Smith |
| Chairperson: | Tom S Dickson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 158,770,714 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 787,248,604 |
| Unsecured Loans | 91,300,992 |
| Other Loans | 482,092,593 |
| TOTAL LOANS | 1,360,642,189 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -9,084,003 |
| Land And Building | 27,519,948 |
| Other Fixed Assets | 6,450,594 |
| NCUSIF Deposit | 15,593,277 |
| All Other Assets | 189,013 |
| TOTAL ASSETS | 1,941,991,370 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 166,986 |
| Notes & Interest Payable | 25,000,000 |
| Accounts Payable & Other Liabilities | 31,700,917 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 395,658,162 |
| Regular shares | 758,956,919 |
| All Other Shares & Deposits | 583,059,426 |
| TOTAL SHARES & DEPOSITS | 1,737,674,507 |
| TOTAL LIABILITIES | 1,794,542,410 |
| Regular Reserve | 0 |
| Other Reserves | 4,679,925 |
| Undivided Earnings | 142,769,035 |
| TOTAL EQUITY | 147,448,960 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,941,991,370 |
| INCOME & EXPENSE | |
| Loan Income | 12,547,542 |
| Investment Income | 696,692 |
| Other Income | 2,619,215 |
| Total Employee Compensation & Benefits | 7,879,520 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 7,363,186 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 600,000 |
| Cost of Funds | 841,749 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,602,832 |
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