Dec, 31, 2023 — E L C O FEDERAL CREDIT UNION is a federal credit union headquartered in ELBERTON, GA with 1 branch location and about $4.52 million in total assets. Opened 49 years ago in 1975, E L C O FEDERAL CREDIT UNION has about 680 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | E L C O FEDERAL CREDIT UNION |
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Address: (Main Office) | 50 Laurel Dr Bldg B ELBERTON, GA 30635 |
Phone: | (706) 213-4186 |
Fax: | (706) 283-6601 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 680 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 22083 |
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Membership Type: | Educational |
Corporate Credit Union: | No |
Year Opened: | 1975 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $4,515,611 |
CEO/Manager: | Joanne S Dyal |
Chairperson: | Joan Jordan |
ASSETS: | $ Amount |
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Cash & Equivalents | 585,868 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 595,899 |
Other Loans | 2,571,084 |
TOTAL LOANS | 3,166,983 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -56,004 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 33,487 |
All Other Assets | 0 |
TOTAL ASSETS | 4,515,611 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 11,349 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 32,758 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 3,157,404 |
All Other Shares & Deposits | 419,078 |
TOTAL SHARES & DEPOSITS | 3,576,482 |
TOTAL LIABILITIES | 3,620,589 |
Regular Reserve | 0 |
Other Reserves | 59,298 |
Undivided Earnings | 835,724 |
TOTAL EQUITY | 895,022 |
TOTAL LIABILITIES, SHARES, & EQUITY | 4,515,611 |
INCOME & EXPENSE | |
Loan Income | 196,767 |
Investment Income | 22,450 |
Other Income | 18,307 |
Total Employee Compensation & Benefits | 91,681 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 73,937 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -601 |
Cost of Funds | 27,724 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 44,979 |
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