Dec, 31, 2023 — SAVANNAH SCHOOLS FEDERAL CREDIT UNION is a federal credit union headquartered in SAVANNAH, GA with 2 branch locations and about $43.17 million in total assets. Opened 70 years ago in 1954, SAVANNAH SCHOOLS FEDERAL CREDIT UNION has about 4,018 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SAVANNAH SCHOOLS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4673 US Highway 80 E SAVANNAH, GA 31410-2941 |
| Phone: | (912) 236-0919 |
| Fax: | (912) 231-1422 |
| Website: | https://www.ssfcuonline.org |
| Branches: | 2 branch locations |
| Members: | 4,018 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9408 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $43,165,620 |
| CEO/Manager: | Mary K Lowe |
| Chairperson: | Ulysses O Bryant |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 16,858,574 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 640,996 |
| Unsecured Loans | 2,942,464 |
| Other Loans | 10,488,789 |
| TOTAL LOANS | 14,072,249 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -178,304 |
| Land And Building | 1,041,595 |
| Other Fixed Assets | 36,097 |
| NCUSIF Deposit | 396,250 |
| All Other Assets | 0 |
| TOTAL ASSETS | 43,165,620 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 420,498 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,181,468 |
| Regular shares | 22,687,207 |
| All Other Shares & Deposits | 8,312,694 |
| TOTAL SHARES & DEPOSITS | 38,181,369 |
| TOTAL LIABILITIES | 38,601,869 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 4,563,751 |
| TOTAL EQUITY | 4,563,751 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 43,165,620 |
| INCOME & EXPENSE | |
| Loan Income | 922,002 |
| Investment Income | 854,078 |
| Other Income | 362,377 |
| Total Employee Compensation & Benefits | 670,384 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 881,249 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,000 |
| Cost of Funds | 72,661 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 656,413 |
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