Dec, 31, 2023 — EXCEL FEDERAL CREDIT UNION is a federal credit union headquartered in PEACHTREE CORNERS, GA with 3 branch locations and about $163.71 million in total assets. Opened 72 years ago in 1952, EXCEL FEDERAL CREDIT UNION has about 14,173 members and employs 44 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EXCEL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 5070 Peachtree Industrial Blvd PEACHTREE CORNERS, GA 30071-1587 |
| Phone: | (770) 441-9235 |
| Fax: | (770) 582-3877 |
| Website: | https://www.excelfcu.org |
| Branches: | 3 branch locations |
| Members: | 14,173 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7825 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $163,710,328 |
| CEO/Manager: | Thomas Hayden |
| Chairperson: | Moses Brown |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 29,579,431 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 189,942 |
| Real Estate Loans | 73,419,991 |
| Unsecured Loans | 5,321,276 |
| Other Loans | 27,157,754 |
| TOTAL LOANS | 105,899,021 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -439,883 |
| Land And Building | 1,850,561 |
| Other Fixed Assets | 265,923 |
| NCUSIF Deposit | 1,147,971 |
| All Other Assets | 0 |
| TOTAL ASSETS | 163,710,328 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 96,623 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 24,306,818 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 27,301,739 |
| Regular shares | 38,608,483 |
| All Other Shares & Deposits | 54,706,244 |
| TOTAL SHARES & DEPOSITS | 120,616,466 |
| TOTAL LIABILITIES | 145,019,907 |
| Regular Reserve | 0 |
| Other Reserves | 2,282,832 |
| Undivided Earnings | 16,407,589 |
| TOTAL EQUITY | 18,690,421 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 163,710,328 |
| INCOME & EXPENSE | |
| Loan Income | 4,695,842 |
| Investment Income | 1,703,503 |
| Other Income | 3,453,299 |
| Total Employee Compensation & Benefits | 4,027,569 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,954,829 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 180,563 |
| Cost of Funds | 1,296,699 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,685,649 |
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