Dec, 31, 2022 — COOSA VALLEY CREDIT UNION is a federally insured state chartered credit union headquartered in ROME, GA with 9 branch locations and about $574.70 million in total assets. Opened 69 years ago in 1954, COOSA VALLEY CREDIT UNION has about 48,492 members and employs 109 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 VALLEY CREDIT UNION |
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Address: (Main Office) | 2010 Redmond CIR NW ROME, GA 30165 |
Phone: | (706) 235-8551 |
Fax: | (706) 235-6795 |
Website: | https://mycvcu.org |
Branches: | 9 branch locations |
Members: | 48,492 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68683 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Mar 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $574,697,364 |
CEO/Manager: | Andy Harris |
Chairperson: | Gideon C Hartley |
ASSETS: | $ Amount |
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Cash & Equivalents | 64,337,585 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 123,257,077 |
Unsecured Loans | 23,004,614 |
Other Loans | 266,991,680 |
TOTAL LOANS | 415,788,655 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,524,638 |
Land And Building | 18,315,233 |
Other Fixed Assets | 5,035,324 |
NCUSIF Deposit | 4,547,721 |
All Other Assets | 862,804 |
TOTAL ASSETS | 574,697,364 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 9,375,368 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 7,500,000 |
Share Drafts | 139,955,623 |
Regular shares | 277,965,768 |
All Other Shares & Deposits | 96,934,759 |
TOTAL SHARES & DEPOSITS | 514,856,150 |
TOTAL LIABILITIES | 531,731,518 |
Regular Reserve | 0 |
Other Reserves | 4,080,023 |
Undivided Earnings | 38,885,823 |
TOTAL EQUITY | 42,965,846 |
TOTAL LIABILITIES, SHARES, & EQUITY | 574,697,364 |
INCOME & EXPENSE | |
Loan Income | 15,182,183 |
Investment Income | 776,612 |
Other Income | 6,823,833 |
Total Employee Compensation & Benefits | 8,740,978 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 8,926,038 |
Non-operating Income & (Expense) | -97,812 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,436,473 |
Cost of Funds | 557,593 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 5,389,816 |
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