Dec, 31, 2023 — ARTESIAN CITY FEDERAL CREDIT UNION is a federal credit union headquartered in LEESBURG, GA with 2 branch locations and about $32.20 million in total assets. Opened 74 years ago in 1950, ARTESIAN CITY FEDERAL CREDIT UNION has about 3,240 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ARTESIAN CITY FEDERAL CREDIT UNION |
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Address: (Main Office) | 1221 US Highway 82 W LEESBURG, GA 31763 |
Phone: | (229) 436-0869 |
Fax: | |
Website: | https://www.artesianfcu.org |
Branches: | 2 branch locations |
Members: | 3,240 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 6859 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1950 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $32,195,575 |
CEO/Manager: | Matthew B Lawson |
Chairperson: | Daniel Whigham |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,797,623 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,159,228 |
Unsecured Loans | 1,363,378 |
Other Loans | 21,570,567 |
TOTAL LOANS | 25,093,173 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -169,905 |
Land And Building | 495,864 |
Other Fixed Assets | 118,892 |
NCUSIF Deposit | 245,106 |
All Other Assets | 171,342 |
TOTAL ASSETS | 32,195,575 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 180,505 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,925,279 |
Regular shares | 9,987,181 |
All Other Shares & Deposits | 14,182,925 |
TOTAL SHARES & DEPOSITS | 28,095,384 |
TOTAL LIABILITIES | 28,275,889 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 3,919,686 |
TOTAL EQUITY | 3,919,686 |
TOTAL LIABILITIES, SHARES, & EQUITY | 32,195,575 |
INCOME & EXPENSE | |
Loan Income | 1,481,720 |
Investment Income | 102,912 |
Other Income | 279,382 |
Total Employee Compensation & Benefits | 597,787 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 680,599 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 93,600 |
Cost of Funds | 517,168 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -1,215 |
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