Mar, 31, 2022 — COOSA VALLEY CREDIT UNION is a federally insured state chartered credit union headquartered in ROME, GA with 9 branch locations and about $543.83 million in total assets. Opened 68 years ago in 1954, COOSA VALLEY CREDIT UNION has about 47,366 members and employs 110 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: | http://mycvcu.org |
Branches: | 9 branch locations |
Members: | 47,366 |
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, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $543,834,701 |
CEO/Manager: | Andy Harris |
Chairperson: | Gideon C Hartley |
ASSETS: | $ Amount |
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Cash & Equivalents | 74,081,958 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 120,209,323 |
Unsecured Loans | 19,096,773 |
Other Loans | 233,432,773 |
TOTAL LOANS | 375,103,879 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,349,247 |
Land And Building | 18,440,837 |
Other Fixed Assets | 3,273,903 |
NCUSIF Deposit | 4,255,050 |
All Other Assets | 310,563 |
TOTAL ASSETS | 543,834,701 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 8,928,794 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 136,821,487 |
Regular shares | 261,180,256 |
All Other Shares & Deposits | 95,411,143 |
TOTAL SHARES & DEPOSITS | 493,412,886 |
TOTAL LIABILITIES | 502,341,680 |
Regular Reserve | 0 |
Other Reserves | 6,530,283 |
Undivided Earnings | 34,962,738 |
TOTAL EQUITY | 41,493,021 |
TOTAL LIABILITIES, SHARES, & EQUITY | 543,834,701 |
INCOME & EXPENSE | |
Loan Income | 4,586,052 |
Investment Income | 135,850 |
Other Income | 2,157,793 |
Total Employee Compensation & Benefits | 2,656,371 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,971,624 |
Non-operating Income & (Expense) | 2,996 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 276,890 |
Cost of Funds | 164,608 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,466,731 |
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