Dec, 31, 2023 — CGR CREDIT UNION is a federally insured state chartered credit union headquartered in MACON, GA with 5 branch locations and about $113.69 million in total assets. Opened 33 years ago in 1991, CGR CREDIT UNION has about 11,800 members and employs 31 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CGR CREDIT UNION |
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Address: (Main Office) | 2040 Ingleside Ave MACON, GA 31204 |
Phone: | (478) 745-0494 |
Fax: | (478) 738-8582 |
Website: | https://www.cgrcu.org |
Branches: | 5 branch locations |
Members: | 11,800 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67367 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1991 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $113,694,844 |
CEO/Manager: | Clint Harper |
Chairperson: | Kevin Carter |
ASSETS: | $ Amount |
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Cash & Equivalents | 21,216,957 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 10,246,334 |
Unsecured Loans | 4,988,990 |
Other Loans | 28,656,894 |
TOTAL LOANS | 43,892,218 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -429,504 |
Land And Building | 5,751,885 |
Other Fixed Assets | 260,358 |
NCUSIF Deposit | 893,504 |
All Other Assets | 18,900 |
TOTAL ASSETS | 113,694,844 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 4,456,085 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 19,193,910 |
Regular shares | 45,210,840 |
All Other Shares & Deposits | 23,136,886 |
TOTAL SHARES & DEPOSITS | 87,541,636 |
TOTAL LIABILITIES | 91,997,721 |
Regular Reserve | 0 |
Other Reserves | 2,686,805 |
Undivided Earnings | 19,010,318 |
TOTAL EQUITY | 21,697,123 |
TOTAL LIABILITIES, SHARES, & EQUITY | 113,694,844 |
INCOME & EXPENSE | |
Loan Income | 2,652,875 |
Investment Income | 1,247,766 |
Other Income | 2,153,832 |
Total Employee Compensation & Benefits | 2,422,669 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,621,213 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 293,311 |
Cost of Funds | 597,941 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,403,973 |
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