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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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