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CREDIT UNION OF ATLANTA

Dec, 31, 2023 — CREDIT UNION OF ATLANTA is a federally insured state chartered credit union headquartered in ATLANTA, GA with 1 branch location and about $80.07 million in total assets. Opened 96 years ago in 1928, CREDIT UNION OF ATLANTA has about 14,129 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:CREDIT UNION OF ATLANTA
Address:
(Main Office)
670 Metropolitan Pkwy SW
ATLANTA, GA 30310
Phone:(404) 658-6465
Fax:(404) 658-7906
Website:https://www.cuatlanta.org
Branches:1 branch locations
Members:14,129
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:67383
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1928
Last Audited:Dec 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$80,067,940
CEO/Manager:Debra Collins
Chairperson:Reginald Grant

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 11,141,127
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 10,276,191
 Unsecured Loans 6,641,888
 Other Loans 28,584,665
 TOTAL LOANS 45,502,744
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -521,247
 Land And Building 1,103,331
 Other Fixed Assets 301,472
 NCUSIF Deposit 733,248
 All Other Assets 119,938
  TOTAL ASSETS 80,067,940
LIABILITIES & CAPITAL:  
 Dividends Payable 8,598
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,454,877
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 14,979,791
 Regular shares 43,201,799
 All Other Shares & Deposits 12,273,207
  TOTAL SHARES & DEPOSITS 70,454,797
  TOTAL LIABILITIES 71,918,272
 Regular Reserve 0
 Other Reserves -2,203,218
 Undivided Earnings 10,352,886
  TOTAL EQUITY 8,149,668
  TOTAL LIABILITIES, SHARES, & EQUITY 80,067,940
INCOME & EXPENSE  
 Loan Income 2,349,289
 Investment Income 883,350
 Other Income 2,204,584
 Total Employee Compensation & Benefits 2,136,488
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,088,203
 Non-operating Income & (Expense) 490,110
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 199,292
 Cost of Funds 110,160
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 725,010
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